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Thread Started by #Anonymous

In todays competitive market, where there are thousands of company to take the outsource business from the client, how do we maintain all statutory fairly and as per laid down norms. Say we r getting 8000 amount from the client, and with this amount we have to maintain pf esic and payout other facilities. But this amount is just 500 more than the present unskilled Minimum Wages. And if we fail, we are coming under legal bindings. But if we do not take up the business someone else is taking it up. Is there any way out to do the business and pay the maximum to the labour
Loosing out business is not appreciated in todays scenario...
25th March 2017 From India, Kolkata
Dear friend there are only two ways - either to cut down your costs or maximise your revenue/margins and both would work wonders or increase the volume of business possibly. You might think of even diversifying your operations into more revenue & margin earning avenues partly or whole some. Don't hesitate to take risks, as you say, after all present situation is no better. Why you should confine only with your present domain, branch out, seek and grab other opportunities. If need be merge with some one.I don't know in which area you are operating. But if you search and go on searching I'm sure you'll hit the pocket.
25th March 2017 From India, Bangalore
Take a look, running a business always at a loss though presently it seems to be minor one but in the long run it would start accumulate and it would be big mountain to climb.
I suggest speak to the company, after all being the principle employer they are also bind by the statutory authorities for complying with the provisions.
Thanks & Regards,
27th March 2017 From India, Madras
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