Hi, I’ve recently joined a company as Associate HR(Fresher). Please tell me some basic guidlines to be followed as an HR. And also, the best way to calculate salaries and leaves.
From India, undefined
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1From India, undefined
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For calculating leaves, you need to have a proper leave policy that should meet the statutory and mutual benefits for both employees and employers. Salary calculation depends on the total salary outgo. If the salary exceeds the IT limit, then you need to plan wisely to reduce the tax and overheads for the organization.
From India, Bangalore
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Leave Policies in Manufacturing and Non-Manufacturing Units
If you are in a manufacturing unit, then the leaves are to be as per the Factories Act. If you are in an office or non-manufacturing area, then the same is to be as per the Shops & Establishments Act of that particular state. These norms are to be followed. Over and above the statutory norms, if the organization wants to provide additional benefits, it is left to the management's discretion. For example, some organizations under the Factories Act provide casual/sick leave, special leaves, and more earned leaves than the numbers stipulated under the Factories Act.
Salary Compliance and Considerations
Regarding salaries, you need to comply with the statutory norms under the Minimum Wages Act. In addition to this, consider the paying capacity of the management, the salary and wage structures of similar industries, and the cost of living in the area where your business is located.
Hope this is clear.
Thanks,
Kameswarao
From India, Hyderabad
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If you are in a manufacturing unit, then the leaves are to be as per the Factories Act. If you are in an office or non-manufacturing area, then the same is to be as per the Shops & Establishments Act of that particular state. These norms are to be followed. Over and above the statutory norms, if the organization wants to provide additional benefits, it is left to the management's discretion. For example, some organizations under the Factories Act provide casual/sick leave, special leaves, and more earned leaves than the numbers stipulated under the Factories Act.
Salary Compliance and Considerations
Regarding salaries, you need to comply with the statutory norms under the Minimum Wages Act. In addition to this, consider the paying capacity of the management, the salary and wage structures of similar industries, and the cost of living in the area where your business is located.
Hope this is clear.
Thanks,
Kameswarao
From India, Hyderabad
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GUIDELINES FOR HR POLICIES.doc
Leave Encashment & Salary Calculation.xls x