Abhiman

"You can choose variable allowances suitable for the CTC. First, break up the statutory components like basic (either 50% of gross or 35% of CTC), then HRA (40% of basic), Conveyance (max 800 per month). Later, divide the rest into variable allowances like medical allowance (max 15k per annum), LTA, telephone" ... (more)

"Latha, It’s very nice to know that your management has thoughts on social responsibilities. I would suggest that helping aid to charity is a first step in joining hands for social responsibility. It could be for an orphanage, old age home, handicapped individuals, etc. Also, identifying needy student" ... (more)

"Hi, Check this, I had downloaded from here. Anu" ... (more)

"Greetings All, I am working for a BPO company and our management would like to revise the leave policy. As on today, we have CL of 12 and EL of 18 but they would like to put all leaves in to a single basket as PAID LEAVE of 13 per year( as per every 20 days of attendance). They would also like to restric" ... (more)

"thanks for your response, but the objective of this question was relating to importance of HR in the company. For example the above said can be handled by admin too.. i think we should speak about core HR.. can any one talk about the Importance of HR please." ... (more)

"Hi All, Recently I gave an interview and asked to justify "Is HR cost-effective" since HRO is becoming popular we need very strong points to justify this question. Please share your thoughts for the same. thanks Abhiman " ... (more)

"thanks, i got solved my queries: as u said we need to take a separate registration for each office under shops & establishment, PF could be continued in the same registration for all over india and we should take a sub code for ESI if the office is located in different location." ... (more)

"Greetings All, I am working in a BPO & we would like to extend our business in the other remote places in south India. We have identified few places in education institutes; since this is the first business out side the city I need your suggestions & guidance in legal aspects from HR as well as Management" ... (more)

"Rahul, Pl. help me to understand the calculation; 1. You have calculated basic/31*5, is 5 means no. of leave to be encashed or something else ( actually we should devide by 30 days for all calcilation not 31 days) 2. same for HRA 3. For leave encashment you have used formula as basic/31*2.5, pl. mak" ... (more)

"Hi Amith, I need the format for the calculation as well as the letter to be given for the employee. I would also like to know is there any clause for specific period to make the final settlement for resigned employee. thanks abhiman" ... (more)

"Hi... I need to make full & final settlement for the employees resigned, can anyone post the format for the same please.. thanks ®ards, abhiman" ... (more)

"Hi, LTA could be paid ; 1. every month as a break up of salary, but amount considered for tax exemption will be only for the bill produced by the employee. 2. The amount could be paid during Jan/Feb/March (Helps the employee to plan for exemption) 3. The employee also can accumulate the amount for " ... (more)