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Wednesday, 8 January 2020

How to Make Good Relationship with Boss


How to Make Good Relationship with Boss


in your career, you will report to a manager call your boss. The relationships that you create and manage, with both your immediate boss and other company employees, are critical for your work success and career progress. He can't do his job or accomplish his goals without your help.

So, your manager shares a critical interdependence with you. If you don't accomplish your work, your manager will never shine for his or her overall responsibilities. You won't progress without the information, perspective, experience, and support of your manager.

How to Develop an Effective Relationship with Your Boss?

These steps will help you develop a positive, supportive relationship with your boss


1) The first step in managing up is to develop a positive relationship with your boss. Relationships are based on trust. Do what you say you'll do. Keep timeline commitments. Keep informed about your interactions with the rest of the organization.

Tell the boss when you've made an error or one of your reporting staff has made a mistake. Cover-ups don't contribute to an effective relationship. Lies or efforts to mislead always result in further stress for you as you worry about getting "caught" .Communicate daily or weekly to build the relationship.




2) Recognize that success at work is not all about you; put your boss's needs at the priority. Identify your boss's areas of weakness or greatest challenges and ask what you can do to help. What are your boss's biggest worries; how can your contribution mitigate these concerns? Understand your boss's goals and priorities.



3) Look for and focus on the "best" parts of your boss; just about every boss has both good points and bad. When you're negative about your boss, the tendency is to focus on his worst traits and failings. This is neither positive for your work happiness nor your prospects for success in your organisation. Instead, compliment your boss on something he does well. Provide positive recognition for contributions to your success. Make your boss feel valued. Isn't this what you want from him for you?

4) Learning how to read your boss's moods and reactions is also a helpful approach to communicating more effectively with him. There are times when you don't want to introduce new ideas; if he is preoccupied with making this month's numbers, your idea for a six-month improvement may not be timely. Problems at home or a relative in failing health affect each of your workplace behaviors and openness to an improvement discussion.

5) Learn from your boss. Although some days it may not feel like it, your boss has much to teach you. Appreciate that he was promoted because your organization found aspects of his work, actions, and/or management style worthwhile.


6) Ask your boss for feedback. Let the boss play the role of coach and mentor.

7) Maintain strict confidentiality.

8) In your relationship with your boss, you will sometimes disagree and occasionally experience an emotional reaction. Don't hold grudges. Disagreement is fine. Get over it. You need to come to terms with the fact that your boss has more authority and power than you do. You are unlikely to always get your way

 9) Greet & Meet frequently over the time after office
10) Boss is always Boss!!!

Payment of Bonus Act, 1965:




Payment of Bonus Act, 1965:


As per this act, employer, employing 20 or more employees at any day of financial year is bound to pay bonus provided wages of employee should be below or equal to Rs 21,000/- per month. Every employee should get minimum of 8.33% of wages, capped at Rs 7,000/-, even if there is loss and maximum of 20% of wages, capped at Rs 7,000/-, in an accounting year



Q: Who is eligible for Bonus?

Every employee whether on probation, part time, contractual, permanent, supervisor or manager whose wage is less than or equal to Rs 21,000/- and has completed 30 days in an accounting year is eligible for bonus. Apprentice under Apprentice act are not eligible.



Q: On which salary components Bonus is calculated?

Bonus is calculated on Basic and DA.



Q :  Do a startup organization need to pay bonus?

In the first five accounting year following the accounting year in which the employer sells the goods produced or manufactured by him or renders services, as the case may be, from such establishment, bonus shall be payable only in respect of the accounting year in which the employer derives profit from such establishment and such bonus shall be calculated in accordance with the provisions of this act in relation to that year but the concept of set off and set on will not apply.



Q: When should a new unit be considered as separate unit for the purpose of taking Bonus exemption for new establishment.

As per Supreme Court judgment, any unit where Profit and Loss account and Balance sheet are maintained separately should be considered as separate establishment.



Q: What is the time limit to pay bonus?

Bonus should be paid within 8 months from end of financial year.



Q: Can Bonus be paid on monthly basis?

Many company follow the practice of paying bonus on monthly basis, some pay minimum 8.33% of Rs 7.000 i.e Rs 583/- or some 20% of Rs 7,000/- i.e Rs 1,400/- per month.

They do it for achieving following purpose:

·         In hand salary of employee will increase as we are paying statutory bonus up front on monthly basis.

·         Company liability of bonus payment is taken care of.

Now the question is whether this is a right practice or not? If you go out to find out answer of this question you will get two opinions as follows:

1.        Yes, we can do this as there is no mention in the act that we cannot pay it on monthly basis.

2.        No, we cannot do this. How can company calculate percentage of bonus to be paid in the starting of financial year? Also when you pay any money on monthly basis it becomes part of your salary which means statutory bonus is yet to be paid. ESI will also be deducted on such payments.

If you ask me, I would not recommend to pay bonus on monthly basis as it can create problem in future and employer pay need to pay statutory bonus again.



Q: What are the circumstances when an employee is not eligible for bonus?

An employee shall be disqualified from receiving bonus under this Act, if he is dismissed from service for -- 

(a) Fraud; or

(b) Riotous or violent behavior while on the premises of the establishment; or

(c) Theft, misappropriation or sabotage of any property of the establishment.



Q : Which institutions are exempted from payment of bonus?

Hospitals, Social welfare institutions, Chambers of the Commerce, Indian Red Cross society or other institutions of a like nature, universities and educational institutions. 



Q: How working days of an employee calculated for computing bonus?

Computation of number of working days: An employee shall be deemed to have worked in an establishment in any accounting year also on the days on which:

(a) He has been laid off under an agreement;

(b) He has been on leave with salary or wage;

(c) He has been absent due to temporary disablement caused by accident arising out of and in the course of his employment; and 

(d) The employee has been on maternity leave with salary or wage, during the accounting year.



Q: Can interim bonus paid to employee be adjusted against statutory bonus payout?

When:

(a)    An employer has paid any puja bonus or other customary bonus to an employee; or

(b) An employer has paid a part of the bonus payable under this Act to an employee before the date on which such bonus becomes payable.

Then, the employer shall  be entitled to deduct the amount of bonus so paid from the amount of bonus payable by him to the employee under this Act in respect of that accounting year and the employee shall be entitled to receive only the balance.



Q: Can an organization pay different percentage of bonus to different set of employees?

 No, bonus percentage should be same for every employee who is eligible under the act. No discrimination.