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How “Employer - Employee Scheme” can be used as Employees Retention Tool & utilizing Tax Benefits for the contribution made in this scheme by Companies before 31.03.2019 ?
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One of the key worries of any organization is how to retain employees, more so the deserving employees. Not just that it is a setback but also the company has to start afresh with hiring new talent, grooming and nurturing them. This kind of turnover is extremely expensive. By some estimates, it can cost an employer double an employee’s salary to replace them when they quit. That cost varies across different industries, but for some employers, it can be even higher.
According to a collection of recent surveys on employee retention, only 24% of “Generation X” employees say that financial stability motivates them to stay in a job. Yet 56% of employees say that health care and insurance concerns keeps them in their job. Benefits that are actually beneficial matter. Money matters. What you offer your employees in this area must be comparable to other businesses in your industry in your region.
Here I am giving you brief of “Employer – Employee Scheme”. This Scheme can be used by you as an important part of “Effective Employee Retention Strategies” your organization.
Employer - Employee Scheme structure is one where the company buys Scheme but the beneficiary is an employee. It is a benefit given by the company to selected talented employees. In today’s context this is particularly relevant because attracting and retaining employees is so much more difficult.
Features of the Scheme:-
The employer-employee insurance plan works as a reward program for the employees.
Provide this as an additional benefit to the employee in order to retain the services of the Employee
Make provision as a welfare measure for the dependents of the employee, in case of premature death or old age provision for employee himself.
Provide this as an employer-sponsored fringe benefit which is a valuable part of the compensation
We have administered the above plan in the various organization in all sectors of Indian Economy on receipt of their Management request and If you wish to know details like:-
1. Who can be covered under Employer-Employee Scheme?
2. How can companies administer this scheme and avail of the tax benefits?
3. Benefits to the Employer,
4. Benefits to Employee,
5. Employer-Employee Scheme -Interpretation of Tax Implications.
We may also be contacted for the structuring of other Retention Schemes, Gratuity Trust Fund Set up, Group Health Insurances, Group Terms Insurances, Group Annuity Plans, Property/Fire Insurances and investment in 100% risk-Free Government of India Bonds (GOI Bonds)
Tikaram Chaudhary
Gratuity & Gratuity Trust Fund Consultant
R 11, F/F, Vikas Nagar Uttam Nagar, New Delhi - 110059
Mobile Number - 9211637063
Email ID -
Blog: http://gratuityconsultant.blogspot.com
All Consultancy Services provided by us are subject to terms & conditions will be stated when a consultation job is accepted.

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