Dear All,
Please let me know the process of termination due to lack of business/cost-cutting or poor employee performance under the labor act. It would be helpful for me to receive a reply at the earliest.
Thank you
From India, Alakode
Acknowledge(0)
Amend(0)
Please let me know the process of termination due to lack of business/cost-cutting or poor employee performance under the labor act. It would be helpful for me to receive a reply at the earliest.
Thank you
From India, Alakode
Acknowledge(0)Amend(0)
In order correctly reply your query, it is necessary to know the total number of employees you engage as on date.
From India, Mumbai
Acknowledge(0)Amend(0)
274From India, Mumbai
Acknowledge(0)Amend(0)
Dear JiJiD,
To provide you with appropriate advice, the following inputs are required:
1. Are you a factory or commercial establishment?
2. How many employees are currently employed in your organization?
3. Please provide details of employees categorized by their roles.
4. How many employees do you intend to reduce in each category for cost-cutting purposes, and how many based on performance?
5. What type of establishment is it?
6. What type of business are you engaged in? If it is a factory, what is the product being produced?
I look forward to receiving the necessary information to assist you further.
Best regards,
[Your Name]
From India, Thane
Acknowledge(0)Amend(0)
To provide you with appropriate advice, the following inputs are required:
1. Are you a factory or commercial establishment?
2. How many employees are currently employed in your organization?
3. Please provide details of employees categorized by their roles.
4. How many employees do you intend to reduce in each category for cost-cutting purposes, and how many based on performance?
5. What type of establishment is it?
6. What type of business are you engaged in? If it is a factory, what is the product being produced?
I look forward to receiving the necessary information to assist you further.
Best regards,
[Your Name]
From India, Thane
Acknowledge(0)Amend(0)
Dear Sir,
You have to take into consideration a few factors for retrenching the employees, first of all, whether it is a manufacturing company or a services company. What is the strength of the company? If it is a manufacturing company and the strength of workers exceeds 100, you need to seek government permission prior to retrenchment. If not, then you need to put up a seniority list of all the workers for at least 8 days. After that, you can resort to retrenchment based on the principle of 'last come, first go,' meaning the employee who joined last will be let go first and so on.
Then, you need to compute the retrenchment compensation, which is 15 days' salary per completed year of service and one month's notice pay at the time of retrenchment, i.e., simultaneously. These are the provisions of the Industrial Disputes Act, 1947.
Regarding poor performance of employees, you have to take disciplinary action. If proven in the inquiry, then only can you terminate them after considering their past record and depending on the gravity of misconducts.
From India, Pune
Acknowledge(0)Amend(0)
You have to take into consideration a few factors for retrenching the employees, first of all, whether it is a manufacturing company or a services company. What is the strength of the company? If it is a manufacturing company and the strength of workers exceeds 100, you need to seek government permission prior to retrenchment. If not, then you need to put up a seniority list of all the workers for at least 8 days. After that, you can resort to retrenchment based on the principle of 'last come, first go,' meaning the employee who joined last will be let go first and so on.
Then, you need to compute the retrenchment compensation, which is 15 days' salary per completed year of service and one month's notice pay at the time of retrenchment, i.e., simultaneously. These are the provisions of the Industrial Disputes Act, 1947.
Regarding poor performance of employees, you have to take disciplinary action. If proven in the inquiry, then only can you terminate them after considering their past record and depending on the gravity of misconducts.
From India, Pune
Acknowledge(0)Amend(0)
Hi there,
Here, I am outlining the processes involved in the termination of an employee. When an employee submits his resignation, he is required to serve a notice period based on the company's policy. For instance, if he resigns on the 15th of April, he must serve the notice period until the 15th of May. Following the completion of the notice period or after the employee departs from the organization, the formalities related to his departure take place. The company then initiates the full and final settlement process for the departing employee.
During the Full and Final (F&F) settlement, the company makes all necessary adjustments for the payout, such as any pending salary, deductions, encashment of leaves, or other benefits that need to be included in the F&F settlement. The F&F settlement encompasses all formalities associated with an employee's departure.
greytHR (https://www.greythr.com/) simplifies this intricate termination process with its cloud-based HR and payroll software.
I hope this helps!
From India, Bengaluru
Acknowledge(0)Amend(0)
Here, I am outlining the processes involved in the termination of an employee. When an employee submits his resignation, he is required to serve a notice period based on the company's policy. For instance, if he resigns on the 15th of April, he must serve the notice period until the 15th of May. Following the completion of the notice period or after the employee departs from the organization, the formalities related to his departure take place. The company then initiates the full and final settlement process for the departing employee.
During the Full and Final (F&F) settlement, the company makes all necessary adjustments for the payout, such as any pending salary, deductions, encashment of leaves, or other benefits that need to be included in the F&F settlement. The F&F settlement encompasses all formalities associated with an employee's departure.
greytHR (https://www.greythr.com/) simplifies this intricate termination process with its cloud-based HR and payroll software.
I hope this helps!
From India, Bengaluru
Acknowledge(0)Amend(0)Gathering data for an AI comment.... Sending emails to relevant members...
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Cost Cutting Chair.jpg
Cost Cutting at Offices.doc
Cost Cutting-Recessi on![1].ppt