As you have 18 employees EPF is not mandatory & if interested you can avail the voluntary coverage option. Once you reach 20 employees then EPF registration is mandatory
Your company will fall under ESIC registration and my advice is you initiate the registration immediately
I hope you would have received the Professional Tax certificate
It is always preferred maintain the standard salary structure as CTC (Fixed Gross Pay + Com[any contributions as benefits + Variable pay)
If required I can share the template to decide the salary structure to your email
20th April 2016 From India, Bangalore
Mr. Jeevarathnam has clarified the PF-ESI & PT Points.
For CTC Structure with "Variable Componenets", I have drafted a sheet.
I have tried to upload "Excel" file, but unable to do so (I faced this prob. earlier also).
You pls check the format in PDF file, if it meets your requirements, I will share the "Excel File" in some other way.
21st April 2016 From India, Delhi
Thanks for your brief reply.
Here i 've few more cocerns to mention .Management doesn't want to go with PF now and till date not deducting even professional tax hence not registered to any either professional tax or ESIC and absolutely no LOP also and employees in corporate office walks in when ever they want and take leaves as and when they need and of course work on sundays also when need arises. working style gel with more emotions rather than professional
So where i need to start my work while bringing new employee on board. No policy written and i've shared a leave policy which any IT/product based company is following as per my knowledge. Management totally disagreed and now confirmed they can give 12 days leave per year either cld be a CL/SL/ML what ever it is..... as we are very start up,not affordable and not a pay master also hence request you to suggest you the ways to satisfy the team with more employee friendly activities.
Very soon will share you the policies which I've prepared...mean while please do share me the salary structure to my email Id email@example.com
salary structure should contain CTC (say 300000)+VP of 50,000 PA which will be paid on quarterly basis based on their performance+Travel allowance 36000(PA)+incentives 63000 per anum if 100% target achieved paid on monthly basis.
Your time is valued and appreciate your efforts in sharing knowledge to fellow members.
Once again thanks for your time.
21st April 2016 From India, Madras