Dear HR cay any one guide me in LTA (Long term agreement) regards Amit Trada
From India, Ahmadabad
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8From India, Ahmadabad
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Dear Muralidhar,
First, I would like to thank you for your reply. I am inquiring about a Long Term Agreement to be used between Company Management and Employees (Trade Union) for a specified period. This agreement should cover aspects such as the Probation period, VDA, DA, Increment, Promotion policy, etc.
I am looking for a response on this matter from the beginning to the end.
Regards,
Amit Trada
From India, Ahmadabad
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First, I would like to thank you for your reply. I am inquiring about a Long Term Agreement to be used between Company Management and Employees (Trade Union) for a specified period. This agreement should cover aspects such as the Probation period, VDA, DA, Increment, Promotion policy, etc.
I am looking for a response on this matter from the beginning to the end.
Regards,
Amit Trada
From India, Ahmadabad
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Dear Driveme Long Term Agreement terms use between Company Management & Employee (Trade Union) Agree upon industrial matter wage, salary etc.. regards Amit
From India, Ahmadabad
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From India, Ahmadabad
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(Fact Check Failed/Partial)-The term LTA typically stands for Leave Travel Allowance, not Long Term Agreement. It's a tax exemption provided for travel expenses during leave.
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If you received COD from UNION, then you should also present the management with demands like productivity, and other work (production) related issues, etc.
Study the similar industrial wages in your local area, and analyze the minimum wage hike from the last 3 years.
From India, Thana
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Study the similar industrial wages in your local area, and analyze the minimum wage hike from the last 3 years.
From India, Thana
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(Fact Check Failed/Partial)-The reply contains inaccuracies regarding the topic of Long Term Agreements (LTAs). It introduces unrelated elements like union demands and wage analysis which are not directly related to LTAs.
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Dear Amit,
Agreement Between Management & Union it’s called Settlement, as per ID 1947, we can done different types of settlement, it should be period of Minimum six month or up to Three Year, settlement should be cover all matter relating to employment i.e. fixing wage rate for particular period, about leave, working hours, production norms, overtime, etc., we can include everything which is related to terms & condition of employment. If you want to know more about settlement you can contact me on following email id
With Regards
Jignesh Sisodiya
From India, Ahmadabad
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Agreement Between Management & Union it’s called Settlement, as per ID 1947, we can done different types of settlement, it should be period of Minimum six month or up to Three Year, settlement should be cover all matter relating to employment i.e. fixing wage rate for particular period, about leave, working hours, production norms, overtime, etc., we can include everything which is related to terms & condition of employment. If you want to know more about settlement you can contact me on following email id
With Regards
Jignesh Sisodiya
From India, Ahmadabad
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(Fact Check Failed/Partial)-The response provided is not entirely accurate. Long Term Agreements (LTAs) are generally related to employee benefits like Leave Travel Allowance, not settlements between management and union. Settlements refer to collective bargaining agreements.
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Dear Amit,
This is called LTS (Long-Term Settlement) and not LTA. Generally, LTA is meant for Leave Travel Allowance, which will be a part of benefits to employees as per company policy.
LTS:
Long-Term Settlement (LTS) is the process of negotiation between the Management and Union or a group of employee representatives (minimum representation of 5 persons). The union or representatives of employees will submit the charter of demand from the employees regarding their salary hike in each component and other benefits such as leave, canteen, uniform, shoe LTA, etc. Upon receipt of the same, management will submit their demands regarding productivity, reduction of wastage, minimizing power consumption, disciplinary matters, and other relevant issues.
Following this, there will be bilateral discussions to finalize and sign the settlement by both parties under section 18(1) of the Industrial Dispute Act.
If an agreement is not reached between the two parties, either party can approach the Labour Department for an amicable settlement. The department will conduct conciliation proceedings to facilitate a settlement, prepared under section 12(3) of the Industrial Dispute Act.
I hope this clarifies the process.
All the best,
Suriyanaryanan
Sr. Manager - HR
Vikatan Group
Chennai
From India, Madras
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This is called LTS (Long-Term Settlement) and not LTA. Generally, LTA is meant for Leave Travel Allowance, which will be a part of benefits to employees as per company policy.
LTS:
Long-Term Settlement (LTS) is the process of negotiation between the Management and Union or a group of employee representatives (minimum representation of 5 persons). The union or representatives of employees will submit the charter of demand from the employees regarding their salary hike in each component and other benefits such as leave, canteen, uniform, shoe LTA, etc. Upon receipt of the same, management will submit their demands regarding productivity, reduction of wastage, minimizing power consumption, disciplinary matters, and other relevant issues.
Following this, there will be bilateral discussions to finalize and sign the settlement by both parties under section 18(1) of the Industrial Dispute Act.
If an agreement is not reached between the two parties, either party can approach the Labour Department for an amicable settlement. The department will conduct conciliation proceedings to facilitate a settlement, prepared under section 12(3) of the Industrial Dispute Act.
I hope this clarifies the process.
All the best,
Suriyanaryanan
Sr. Manager - HR
Vikatan Group
Chennai
From India, Madras
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(Fact Check Failed/Partial)-The user's reply contains inaccurate information. LTA typically stands for Leave Travel Allowance, not Long Term Settlement. Long Term Settlement process described is not directly related to LTA.
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If there is no mutual consent then other party can approach concern Labour Conciliation Authority
From India, Madras
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From India, Madras
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(Fact Check Failed/Partial)-The user reply is incorrect. In the context of Long Term Agreements (LTA), the resolution of disputes or lack of mutual consent typically falls under contract law or specific terms outlined in the agreement itself. Labor Conciliation Authority is not the standard route for resolution in this scenario.
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Whatever be the nomenclature you give to the process of negotiation between the management and the union – whether long-term agreement or long-term settlement – the law names it as only settlement under Sec. 2(p) of the Industrial Disputes Act. If it is not, it is not a settlement.
Then a settlement can be entered into by the parties in two ways. Either before the conciliation officer (Labour Commissioner) or by the management and the union themselves without involving a conciliation officer. If you enter into an agreement without involving a conciliation officer, such settlement is binding only on the union who signed it. However, the legal position may change if such union is a recognized union under the law.
It is difficult to visualize every conceivable problem in the course of collective bargaining and provide solutions here.
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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Then a settlement can be entered into by the parties in two ways. Either before the conciliation officer (Labour Commissioner) or by the management and the union themselves without involving a conciliation officer. If you enter into an agreement without involving a conciliation officer, such settlement is binding only on the union who signed it. However, the legal position may change if such union is a recognized union under the law.
It is difficult to visualize every conceivable problem in the course of collective bargaining and provide solutions here.
B. Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
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(Fact Checked)-The user's reply contains accurate information regarding settlements under the Industrial Disputes Act, how they can be entered into, and their legal implications. Well done! (1 Acknowledge point)
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i endorse the views expressed by Mr. B Saikumar Nomenclature doesnot change or effect the legal status of the word mentioned (Settlement) in the ID Act
From India, Pune
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From India, Pune
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(Fact Check Failed/Partial)-The user reply is incorrect. The nomenclature can indeed impact the legal status of terms mentioned in the Industrial Disputes Act. It's essential to use accurate terminology as per legal definitions.
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Dear sir,
There is no long-term agreement for LTA. In the appointment order, the company may specify the LTA amount eligible for in a year or once in two years, as the case may be. You have to sanction the same after obtaining the tour bills.
D. Gurumurthy
HR/IR Consultant
From India, Hyderabad
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There is no long-term agreement for LTA. In the appointment order, the company may specify the LTA amount eligible for in a year or once in two years, as the case may be. You have to sanction the same after obtaining the tour bills.
D. Gurumurthy
HR/IR Consultant
From India, Hyderabad
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(Fact Check Failed/Partial)-The information provided regarding LTA (Leave Travel Allowance) is inaccurate. LTA is a benefit provided for travel expenses during leave. It is not related to long-term agreements. LTA eligibility, frequency, and process vary based on company policies and the Income Tax Act, 1961.
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(Fact Check Failed/Partial)-The user's reply contains inaccuracies. LTA typically stands for Leave Travel Allowance, not Long Term Agreement. Long Term Agreements are usually related to contracts between employees and employers for an extended duration. Please review labor laws regarding contract agreements for clarity.