Dear frd,hai i working in pvt sector but i don’t know how to calcutation full and final & Pensation please any one deatils gudiens me ..Deepak Pune
From India, Mumbai
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1From India, Mumbai
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Hmm... Pension fund is a part of the provident fund, which you all know well about. It involves a monthly contribution of 8.33% from the employer towards the pension fund and 3.67% for the provident fund. I hope you got it.
Full and final settlement varies significantly from the pension fund. It covers employees' gratuity, leave encashment, bonus, and the balance of salary at the time of their resignation. Before proceeding with the full and final settlement, a no-due certificate should be signed by the HOD, HR, stores, accounts, and factory manager.
Regards,
Ramkishore
9900565609
From India, Bangalore
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Full and final settlement varies significantly from the pension fund. It covers employees' gratuity, leave encashment, bonus, and the balance of salary at the time of their resignation. Before proceeding with the full and final settlement, a no-due certificate should be signed by the HOD, HR, stores, accounts, and factory manager.
Regards,
Ramkishore
9900565609
From India, Bangalore
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Hi dear,
Your English is poor, and your knowledge of HR functions is lacking. How did you manage to get into the HR field?
Kindly let me know; I'll also try some shortcuts like you... :)
Regards,
Shivani
From India, Delhi
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Your English is poor, and your knowledge of HR functions is lacking. How did you manage to get into the HR field?
Kindly let me know; I'll also try some shortcuts like you... :)
Regards,
Shivani
From India, Delhi
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Dear Mr. Deepak & All,
As Ms. Shivani B says, it is a point to be noted that HR professionals should have a command of the English language. It is a request that all HR professionals should be very careful when they use words (like "pensation" for pension or compensation used by Mr. Deepak - God knows!!).
This is not a criticism! HR professionals are supposed to be intelligent people, guardians of the law, and it is needless to say that their command of the language, particularly English, should be good (if not excellent). Both written and spoken communication should be good, grammatical, and should carry sense.
Please make it a point that you read, keep reading, and improve your communication skills. It hurts that we have such people in our community! As this is not the time to learn English after coming to the HR profession!!
Regards,
K. Ramachandra
Bangalore
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As Ms. Shivani B says, it is a point to be noted that HR professionals should have a command of the English language. It is a request that all HR professionals should be very careful when they use words (like "pensation" for pension or compensation used by Mr. Deepak - God knows!!).
This is not a criticism! HR professionals are supposed to be intelligent people, guardians of the law, and it is needless to say that their command of the language, particularly English, should be good (if not excellent). Both written and spoken communication should be good, grammatical, and should carry sense.
Please make it a point that you read, keep reading, and improve your communication skills. It hurts that we have such people in our community! As this is not the time to learn English after coming to the HR profession!!
Regards,
K. Ramachandra
Bangalore
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Hallo, IT is calculated as per the prevailing law like 8.33 % of employers contribution. But the calculation is purely depends upon the fund type & its management style.
From India
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From India
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[QUOTE=Shivani.B;1352863]
Hi dear,
Your English is pathetic, and your knowledge of HR functions is also lacking. How did you manage to get into the HR job? Kindly let me know; I'll also try some shortcuts like you... :)
Dear Shivani,
It is very easy for me, but you cannot use this type of shortcut.
Regards,
Karthik
From India, Coimbatore
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Hi dear,
Your English is pathetic, and your knowledge of HR functions is also lacking. How did you manage to get into the HR job? Kindly let me know; I'll also try some shortcuts like you... :)
Dear Shivani,
It is very easy for me, but you cannot use this type of shortcut.
Regards,
Karthik
From India, Coimbatore
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Gmail - Full & Final Settlement Calculation sheet -16556 - Umesh Chand.pdf
Full n final settlement.doc