Wednesday , April 25 2018

Tag Archives: bonus

Bonus shares or cash?

“It doesn’t matter how you came up with the idea, the important thing is where you will apply it,” Linda Moore. In the budget departments of major companies, especially during the annual financial audit, the management boards of such companies decide on profit distribution as they determine the percentage and …

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Bonus calculation in Indemnity

Our company includes bonus while calculating indemnity for employees in compliance with Kuwait Labour Law. The bonus amount varies each year. My question is if an employee has been paid bonus for the past 10 years and during the 11th year if he was not paid any bonus, and if …

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Ministry of Information said to cut bonus of Kuwaiti and expat employees

KUWAIT CITY, Nov 7: Top-level sources in the Ministry of Information said there is a tendency to reduce the bonuses to both Kuwaitis and expatriate employees by 50 percent, reports Al-Jarida daily. The daily quoting sources said this idea is still being studied by the concerned departments within the ministry. …

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MoSAL pays ‘excellent job’ bonuses to deserving employees

KUWAIT CITY, April 27: The Ministry of Social Affairs and Labor has deposited the excellent job performance bonuses totaling about KD 30,000 to the accounts of deserving employees who are under special contracts (bonus item) signed in March, reports Al-Rai daily. According to an official source, the abovementioned amount was …

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‘Oil’ set to disburse excellent performance bonus of fiscal ’16/17 to Kuwaiti employees – 600 employees to benefit

KUWAIT CITY, March 12: Ministry of Oil will disburse excellent performance bonuses of the fiscal year 2016/2017 to Kuwaiti employees of the ministry at the end of this month, reports Al-Anba daily quoting reliable sources. They said the leaders of the ministry will receive excellent performance bonus of up to …

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Eligibility for yearly bonus

I had been terminated by my company. Can you let me know whether I will be eligible for the yearly bonus? Name withheld Answer: First of all, it depends on the clauses of your contract. But more importantly, normally such bonuses depend on completion of the whole year and still …

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Workers query unfair bonus disbursements – ‘Move to psychologically affect employees’

KUWAIT CITY, July 5: Head of the Labor Union of Kuwait Municipality Eng. Mohammad Al-Mutairi said the board of the union has been carefully following up the disbursement of excellent performance bonuses for some employees while it has been postponed for many others and the rest have been denied the …

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Ministry mulls some subsidy cuts of over 30% – Bonus to end

KUWAIT CITY, Feb 14: The Ministry of Commerce and Industry intends to reduce the subsidy value for some products by more than 30 percent, reports Al-Rai daily quoting sources. Sources disclosed the ministry is planning to reassess the prices of all subsidized products included in the ration cards, with the …

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No intention to address concerned authorities on suspension of bonus to teachers

KUWAIT CITY, Feb 6: Minister of Education and Higher Education Dr Bader Al-Essa said the ministry has no intention to address the concerned authorities on the suspension of the disbursement of excellent job performance incentive for teachers in the coming years in line with the policy on rationalizing public expenditures, …

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Al-Omair denies KD 900,000 end of service package report – ‘Political embarrassment’

KUWAIT CITY, Oct 31: Amid continuous pressure mounting on the Minister of Oil and State Minister for Parliamentary Affairs Dr Ali Al-Omair on the interpellation concerning irregularities detected in oil and agricultural sectors, the minister opted to deny news item published on 29/10/2015 relating to KD 900,000 bonus and end …

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