Policnus - A new Policy for Bonus

POLICNUS == (policy + bonus --> polic-nus)
I was wondering if we should have a new policy in sotware industry enforced by the government of india.
Before pouncing on the new policy i have in my mind, let me breifly introduce you to the new policy in the banking sector.
RBI has come up with a new policy, which will bring about a change in the way interest is paid on the minimum amount present in a savings account each day.
At present, the interest is calculated on the minimum balance held in the account from the 10th of each month to the last day of that month. So if a customer has Rs 10 Lakh in his/her savings account one day and then Rs 5 Lakh in his/her savings account on another day, the minimum balance taken for calculation of interest in the period would be Rs 5 Lakh.
But, from April 1, 2010, the interest paid on the savings account will be on the daily minimum balance. In other words, even the Rs 10 lakh in the savings account will earn the customer interest, even if it is withdrawn later.
This will result in higher interest even as our money remains liquid and safe.

What ?

Coming to the new policy which i wanted to be introduced in the companies is related to the bonus pay out. Bonus is generally paid out once per annum in most of the companies, sometimes twice a year. Now hold on ..the original amount is paid in two payouts ..not that you get bonus twice :) its a split payment made to the employees.
Employees work their sweat out (which i assume is true ..not sure if you dont fall into this category LOL!)
for 10 months and then if they find a better career path, they decide to move on. This results in the employee losing on the bonus. Bonus is paid out based on the company profits, company performance over the past financial year. Now since the employee has been part of the company for the past 10 months, he/she should be part of the bonus pay out calculated for the period he/she was associated with the company.


why ?

I personally am totally against any kind of bonded labor.Some exisiting policies are working in companies favour. If a company is not taking care of the employee in terms of Salary Hike/ Promotions, the employee sticks on to the company for a couple of months so that he/she doesnt loose on the benefits for having worked most of the year.
By having this policy implemented, there is no forced bonding between the employer and the employee.
In my company the bonus payout is split into two payouts per annum. One in February/March time frame and another in September/October time frame. Now this year, giving the state of companies because of the global recession, the advance bonus payout which would be usually in the Feb/Mar time frame has been postponed as the company has decided to reevaluate the bonus payout to be made. At this point of time an employee is forbidden to even think about looking out for a change and this thinking will become stronger and stronger as time moves towards sep/oct time frame.
Now if company decides to scrap bonus payouts, then the employee has lost on everything !

Why should the employee always be in the receiving end. The employee should not have any kind of forced tie up with the employer. This will make sure that every company takes more steps to keep the employee happy.

Now some people (mostly managers :) ) might argue on the fact that his is an intelligent decision which the employee has to make. That would just be another management funda.


When ?
Now companies might come up with an argument citing logistics, that it is not possible. It is not something very complicated. The employer has to create the list of employees who have quit the organisation in the previous financial year and include him/her in the bonus pay out cycle for the period he/she was associated with the comapany.
I guess they would be doing something similar to this to generate the form 16 for employees who are no longer assicated with the company.
I hope some day this turns out to be a policy in reality !!