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Is it mandatory for an employer to pay severance pay to employee when they are closing their business in india?
Can anyone help me regarding severance pay rule in india. is it mandatory for an employer to pay severance pay to employee when they are closing their business and ask their employees to leave from their end. is there any law for that. my query is for a company which comes under shop & establishment maharashtra state .
Statutory liabilities of principal employer - like pf, esi, gratuity, bonus, leaves etc?
Dear all please let me know the liabilities of principal employer in terms of statutory liabilities like pf esi gratuity bonus leaves etc. i have gone thru the search option in the site and found several replies but they are contradictory. hence posting this question again. kindly reply at the earliest.
Suspension, termination or long vacations!!!!!
Hello friends i am in big jinx i am hr of a private firm. one of our employee had been appointed in the company w.r.t personal relations beween employees father and our employer. now the problem is that we are facing lot of problem with the employee w.r.t work. our employer has decided to send the respective employee for long vacations for 6 months in short he wants to terminate the employee but our employer does not want to use the word suspension neither termination. he also wants that the personal relation should not be harmed. he has requested me to draft a letter w.r.t case very sesitively my question is what are the liabilities if an employee is sent on long vacation and what are the liabilities if an employee is suspended for 6 months with or with out pay kindly help me for the same
Responsibilities and liabilities of principle employer
Dear all please let me know the responsibilities and liabilities of principle employer in following case; 1. late submission of pf contribution by contractor??? pf paid after 15th 2. late submission of esic contribution by contractor??? esic paid after 21st feel free to contact me if any clarification required. regards faruk shaikh 919974768786 919998022889
Headcount attrition
Hello i need to work out leavers attrition rates only but am confused... can someone work a formular backwards and tell me how it was calculated.. if my closing headcount was 1736.... leavers were 33 how does that equate to 21? annualised...rounded up the same with the following... closing 1081..leavers 14...result 18 annualsed.? closing 1672 ..leavers 20...result 20 annulaised.... are these resultss correct.. also how do i calculate a rolling attrition rate/.. say i have leavers from month 1 plus leavers from month 2...and closing balance from month 2....what willbe the combined attrition for month 2.. annulised? does any one have a calulator sheet they can send me... i dont want to add averages just confirmed leavers for the month against a closing headcount for the month... this is very urget..helpppppppppppppppppppppp i have a caculation as per below.. closing balanceplus ab....ab are leavers for 2 months /2 x12/100 is this correct
Pf clarification
Hi need clarification on pf details. as per our salary slip we are maintaining pf details in that the contribution of both employee & employer is deducted from our salary and with the help of salary slip each and every one has maintained the records of pf. the deductions of both employer and employee has been added and arrived to one figure for the financial year. i.e. mar mar so this is how we have maintained our records. now we have received our pf slip from the department and its confusing. pf details enclosed: below are the details of pf received from the department. for the year 20072008 opening balance both employee & employer & interest employee 2729 412 employer 1280 164 contribution during the year employee 4752 employer 1456 closing balance employee 7893 employer 2900 for the year 20082009 opening balance both employee & employer & interest employee 7893 869 employer 2900 307 contribution during the year employee 5136 employer 1570 closing balance employee 19898 employer 4777 for the year 20092010 opening balance both employee & employer & interest employee 13898 1383 employer 4777 468 contribution during the year employee 5184 employer 1584 closing balance employee 20465 employer 6829 i would like to know how is it been calculated and what are the formulas used for the same. awaiting seniors to help me. regards sapna