Questions & Answers
What can I do if my company gave me bonus less than the amount we agreed on?
I work in DAFZA. My company does business in USD. My company gave me a target letter that if I did X amount in Euros, then I'll get AED 57K as an incentive.
I managed to do 102% and was expecting an incentive payout accordingly. But they gave me a bonus as per 94% target achievement. They mentioned that the exchange rate was favorable all throughout the year for USD.
But if they calculate the sales at the original exchange rate used while deciding the target, I have achieved only 94% of my target. 2 things:
1. They never mentioned in writing anywhere that the final calculation would be based on the fixed exchange rate.
2. Target versus Achievement as per our ERP system, which I used for tracking my achievement status showed me the result as per the actual exchange rate on that day and hence I assumed that I hit 102%.
No one pointed out in the whole year that my achievement was not 100% and there's is nothing in writing reflecting that.
How can I ensure that my company pays me the correct amount?
Hello
As per your query, please note that the exchange rate in Euro fluctuates with a decimal rate.
The payment of the achievement bonus depends upon company to company and its internal policies, there are no specific rules set by the labor law.
