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Old 29-06-2008, 05:23 PM
saisrikanthhr's Avatar
Join Date: Sep 2007
Location: Dubai
Posts: 35
Default Final Settlements

Ramesh,

Employee Final And Full Settlement

1. Leave Salary
2. Gratuity
3. Security Deposit if any

Is any other more benefits is eligible as per Law ?

Enclosed final settlement format. Pls enter the information in green color column automatic calculation will be done.

pls refer and let me know.

Srikanth

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  #2 (permalink)  
Old 29-06-2008, 05:29 PM
rameshmenon's Avatar
Join Date: Dec 2006
Location: Abu Dhabi
Posts: 317
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Quote:
Originally Posted by saisrikanthhr View Post
Ramesh,

Employee Final And Full Settlement

1. Leave Salary
2. Gratuity
3. Security Deposit if any

Is any other more benefits is eligible as per Law ?

Enclosed final settlement format. Pls enter the information in green color column automatic calculation will be done.

pls refer and let me know.

Srikanth
Srikanth, could you please give me some more details about the nature of your company. Then I may be able to provide you the relevant information.

Of course, I am going to make you the chief sponsor for the next meet for all these consultations.
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  #3 (permalink)  
Old 29-06-2008, 05:57 PM
saisrikanthhr's Avatar
Join Date: Sep 2007
Location: Dubai
Posts: 35
Default final settlement

Ramesh,

Nature of business - Flexible Packaging Industry ( Manufacturing unit)

Dubai VISA and Free Zone VISA

Regards

Srikanth
  #4 (permalink)  
Old 29-06-2008, 06:10 PM
rameshmenon's Avatar
Join Date: Dec 2006
Location: Abu Dhabi
Posts: 317
Default

Quote:
Originally Posted by saisrikanthhr View Post
Ramesh,

Nature of business - Flexible Packaging Industry ( Manufacturing unit)

Dubai VISA and Free Zone VISA

Regards

Srikanth
Srikanth, a quick comment on the benefits:

Only Leave Salary and Gratuity comes into relevance in UAE as there is no official system of collecting Security Deposit. As regards to other benefits, Air Ticket to home country will come into prominence if the employee is terminated and again if he is resigned ( a pro-rata basis ticket allowance is given). Nothing more. Ofcourse any other deductions such as allowances utilised like housing, furniture (again on pro-rata basis till the time of exit), deductions on utility expenses etc will have to be taken care. Hereagain, it will be depending on the grade of the employee and benefits offered and availed.

Regards,

Ramesh Menon
__________________
Visit your e-Home for TQM & Positive Thinking: www.team1dubai.blogspot.com
*~*Team 1 Dubai – Committed to Continuous Improvement *~*
Music is magic, Music is Divine. Enjoy it whenever you can, Wherever you are. Listen to soothing music while you are online by visiting www.q4music.blogspot.com
  #5 (permalink)  
Old 02-07-2008, 12:59 PM
rajeshvasudevan's Avatar
Join Date: Jan 2007
Location: UAE
Posts: 17
Default

Srikanth
very useful & informative on final settlement
Rajesh

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