Dear Bala
Good you have replied.
Only if anything happends to an employee's life - his surviving family members will get full gratuity amount - otherwise no use at all. You are correct Bala - most of the companies are not doing this - inclusion of gratuity in CTC - to my experience.
K. Gopalakrishnan
From India, Bangalore
15Good you have replied.
Only if anything happends to an employee's life - his surviving family members will get full gratuity amount - otherwise no use at all. You are correct Bala - most of the companies are not doing this - inclusion of gratuity in CTC - to my experience.
K. Gopalakrishnan
From India, Bangalore
What Dinakaran sir told about the Policy on payment of Gratuity in his organisation is quiet fair and showing good gesture towards its human resources.
If we use 4.81% formula while calculating gratuity for any employee, leaving the formula stipulated by the Act, the employee will loose some amount. Hence, 4.81% calculation may be used only while issuing CTC sheet to the employee and calculation shall be as per the Act.
Hope, the new labour code will give right direction to the HR Fraternity.
Thanks,
Krishna Kumar
From India, Hyderabad
If we use 4.81% formula while calculating gratuity for any employee, leaving the formula stipulated by the Act, the employee will loose some amount. Hence, 4.81% calculation may be used only while issuing CTC sheet to the employee and calculation shall be as per the Act.
Hope, the new labour code will give right direction to the HR Fraternity.
Thanks,
Krishna Kumar
From India, Hyderabad
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.