Some amendment in labour Law by government hence, pls explain anybody employee compensation and benefits in India under labour law Act at present time.
From India, New Delhi

Dear Kumar,
Almost all the monetary labor laws like the Payment of Wages Act,1936, the Payment of Bonus Act,1965, the Payment of Gratuity Act,1972 etc., have been amended in the last decade so as to widen their applicability as well as increase the quantum of benefits under them the combined effects of which have substantially raised the overall compensation of employees covered under them. Similarly, the salary limits of employees under the ESI and EPF Acts also stand enhanced so as to cover more no of employees and increase the cost of fringe benefits. Periodical increase in the no of scheduled employments and revision of minimum rates of wages under the Minimum Wages Act,1948 also added to the compensation package on the whole. So, better you go through various threads in the citeHR relating to the recent amendments of labor laws.

From India, Salem
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.

Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR

All Copyright And Trademarks in Posts Held By Respective Owners.