rds-yadav

"Hi, Bonus is an entitlement under prescribed conditions as per the Payment of Bonus Act, 1965. The calculation of the bonus payable is determined by a specific formula and guidelines outlined in the Payment of Bonus Act. Companies are obligated to disburse bonuses according to the provided formula. Th" ... (more)

"Hello, CTC stands for Cost To Company. As the words suggest, it’s the employee’s cost to the company, which means payable either in monthly wages/salary or its reimbursed value of perks like Conveyance, LTA, phone, or any such cost of facility like bus facility, etc. Statutory contribution" ... (more)

"Has anyone undergone CLRA for a Contractor’s license for 75 workmen?" ... (more)

"Greetings Sir, I endorse all the above views of my learned colleagues, but at the same time, I would like to mention a point here. In a relieving letter, it is generally written that the individual worked from to in the position of , and they resigned and were relieved on . Their salary at the tim" ... (more)

"Hi Shivu, Getting a mark sheet is not a big problem; you can obtain one and many from the Board for a nominal fee. Not serving the notice period can result in costs and consequences. It appears that you are a beginner and have not considered the adverse impacts. Any mistake like this of your own wil" ... (more)

"Greetings colleagues, The primary objective of PMS is to reward employees based on specific, quantifiable, and assigned targets. In fact, the monetary value linked to each assigned target is determined when KRAs are finalized at the beginning of the financial year. If an employee is on maternity leav" ... (more)

"Greetings colleague, Please read carefully the Code on Wages 2019. The Act is not applicable today as the date of enforcement has not been announced by the Government so far. It will be officially published in the Gazette, and the date of enforcement will be included therein forthwith. Regards, RDS Yada" ... (more)

"Greetings friend, Your unpaid dues and gratuity amount cannot be misappropriated whether you are terminated or resigned. For non-payment of gratuity, an employer’s property can be attached as laid out under the Payment of Gratuity Act. Please claim gratuity using the prescribed application for" ... (more)

"Greetings sir, Now, after both houses have passed the said Code, the assent of the president on 8.8.2019. The date since when it will be effective is not yet notified? Please correct if not true or advise with a copy of Gazette notification that it is applicable if already announced. Regards, RDS Yada" ... (more)

"Greetings sir, Now that both houses have passed the said Code, the President’s assent was given on 8.8.2019. The effective date has not yet been notified. Please correct me if this information is incorrect or advise me with a copy of the Gazette notification if it has already been announced." ... (more)

"Greetings Barik, All rules and acts are establishment-specific. If an establishment is covered under the applicable laws, for example, under the Employees Provident Funds Act, and employees' PFable salary is any amount up to Rs. 15,000 per month, it is mandatory for the employer to deposit employees" ... (more)

"Hi, In addition to the above viewpoints and as Ravi mentioned, you can attempt to pick up another job, which is an option now and at any time. However, we are not advising you to approach your present management with evidence; the reason is understood. You can informally discuss this at any time wit" ... (more)

"Hello Mrs. Dimple, From your narration, it is learned that you joined the company one year after maternity leave. I see that there has been a gap between 2017 and 2018 for your appraisal. Your company offered re-employment based on your performance, and it was the right fit, so it’s good to se" ... (more)

"Greetings Sir, You have not disclosed the strength of your employees, especially in the workman category, and the nature of the business. This information is crucial for us to provide a correct response to your query. It is important to note that closure of any industrial establishment is not permitted" ... (more)

"Greetings member, It’s not fair HR practices of a company that an employee who will be leaving the organization is not allowed to utilize leaves due to his credit. The fair practice would be to allow the resignee pro-rata leave during the notice period as he would have otherwise been in employment" ... (more)