If the employee falls ill or is injured, he is unable to work for the organization. So, some of the organizations around the globe, also arrange for the mini-dance program at intervals of 3 hours during the day.
In this case, all the employees dance at their respective bays. Satisfied employees are retained in the long term. Satisfaction is not necessarily in the terms of money but in terms of personal life.
Thus, many employers offer paid leaves, leave encashment, travel with family benefits, etc. When talking about benefits who does not like the same? As said earlier, there is no free lunch. Some or other way, your employers recovers 5 to 10 times the cost of extra benefits given to you, using use own skill set for the job. Employee retention is a big task in the modern-moving world. Every organization intends to continue with the same people who has great potential to serve the company.
No work at current company. Is it legal to take employee original marksheets and certificate as a job security? Help Needed - Contract Labour Issues. Whether we need to pay the contribution for the day of death of an employee or not? Additional Benefits Maternity Leave. Why is this probation period kept in an organisation? Article on HR auditing allows you to examine your recruiting training benefits and labor relations policies - Doc Downloads. Like any other direct tax, Fringe Benefit Tax is not an allowable expenditure for the purpose of computation of taxable income.
Payment of FBT in case employers have employees based both in and outside India. Medical reimbursement upto Rs. Applicability of FBT in case an employer is engaged in two or more business activities. It is to tax benefits that are usually enjoyed collectively by the employees and cannot be attributed to individual employees. Association of Persons or a Body of Individuals except Fund or Trust or institution eligible for exemption under section 10 23C or registered under section 12AA.
Any privilege, service, facility or amenity, which is directly or indirectly provided by an employer to his employees including former employee or employees. Any free or concessional tickets provided by the employer for private journeys to employees or their family members.
Labour Courts for disputes in India. Grievance procedure. Methods of Identifying Grievances. Alternative Dispute Resolution. Grievance Management. Wages or Salary Indian context. Wages Definition. Minimum wage -. Fair wage -. Living wage -. Pay structure in India. Relevant Factors and Practices. The very concept of D. In the actual determination of the quantum of D. Revision of D. As far as revision of D. The National Commission on Labour2, recommended increase of D.
How to Calculate Dearness Allowance? Beginning 1st of January , the dearness allowance is granted to compensate for price increases to which the revised pay scales relate. This will be reviewed twice a year, on 1st January and 1st July. Foreign Countries Experience. It is interesting to note that the practice of paying D.
However in other countries to meet the demand of the increase cost of living, the real wages themselves are revised to provide for the desired level of standard of living. In Japan cost of living allowance and rent allowance is comprised in the wages. In some countries the wage agreements provided for the increase in wage as a separate component linked with the increase in the price index. There are different pros and cons of retaining D. Dearness Allowance is a legally enforceable right of State Govt.
Read Judgement below. The 5th Pay Commission was constituted by the West Bengal Government for recommending the revised pay structure of its employees. July 1, , and then fall in line with the Central Government pattern of sanctioning two installments of DA each year. The Petitioner Confederation moved the Tribunal after the State Government failed to pay the DA in time , as envisaged by the Pay Commission and sought a direction to the State authorities to immediately comply with the report and the recommendations of the 5th Pay Commission Report.
House Rent Allowance. House rent allowance HRA is paid by an employer to the employee to meet expenditure actually incurred on payment of rent in respect of residential accommodation occupied by the employee. Overtime Payment. Working overtime in industry is possibly as old as the industrial revolution. In many companies, overtime is necessary to meet urgent delivery dates, sudden upswings in production schedules, or to give management a degree of flexibility in matching labour capacity to production demands.
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