Dear All,
I am with USA based MNC involved into engineering operation in India.
In a recent past our indian CEO passed away after having massive cardiac attack which is very shocking for entire company at globe level.
Since this is quiet new operation in India still policies like Death Bonevolent/ Retiral etc. to be formulated. Now having this shocking incident USA management is quiet eager to understand good policy/practices prevailing in India as to extend the help to deceased family in the hour of crisis.
In this connect I look forward response from fellow colleage if they share their companies policy which will help me to define our policy.
Please TREAT THIS AS MOST URGENT as I need to respond them by today evening.
Regards,
ACCHR
From India, Mumbai
1I am with USA based MNC involved into engineering operation in India.
In a recent past our indian CEO passed away after having massive cardiac attack which is very shocking for entire company at globe level.
Since this is quiet new operation in India still policies like Death Bonevolent/ Retiral etc. to be formulated. Now having this shocking incident USA management is quiet eager to understand good policy/practices prevailing in India as to extend the help to deceased family in the hour of crisis.
In this connect I look forward response from fellow colleage if they share their companies policy which will help me to define our policy.
Please TREAT THIS AS MOST URGENT as I need to respond them by today evening.
Regards,
ACCHR
From India, Mumbai
Sir,
I have discussed the same the few HR guys following two to three options are there .
1.
one day salary of each employee and same amount is to be add by management i.e if contribution of employees salary is 2 lacs compay add the equal amount total Rs 4 lacs to be given to family ( practice followed in leading MNC)
2.
one fix amount e.g 200/- from each employee and 3 lacs from Management and total amount to be given to family. ( practice followed in leading India Bearing manufacturing compay)
Regards,
NT
From India, Ahmadabad
I have discussed the same the few HR guys following two to three options are there .
1.
one day salary of each employee and same amount is to be add by management i.e if contribution of employees salary is 2 lacs compay add the equal amount total Rs 4 lacs to be given to family ( practice followed in leading MNC)
2.
one fix amount e.g 200/- from each employee and 3 lacs from Management and total amount to be given to family. ( practice followed in leading India Bearing manufacturing compay)
Regards,
NT
From India, Ahmadabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Latest amendment in Provident fund scheme.doc
Amendment to Public Provident Fund Scheme 1968 (PPF 1968).pdf