Head HR DKS
Dear Esteemed Members... We have a highly-skilled operator, who has attained 60 years of age and is still very healthy, The company would like to retain him on the job and he too is very interested, Kindly advise, what is the best, safe and legal way to retain him and how to take care of any insurance coverage in the absence of ESIC coverage if an accident happens to him.

The guidance will be highly appreciated.

From India, Delhi
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Nanu1953
Ceo-usd Hr Solutions

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Babu Alexander
293

The best way is to allow him to retire on superannuation, and settle all his dues, including Gratuity, and also, facilitate him, to withdraw all his Provident Fund and other savings.
Now engage him under ‘Fixed Term Contract employment’ for a fixed period, with medical and accidental insurance cover plan, as per your requirement, with any one of the authorized insurance service providers.

From India, Madras
Head HR DKS
Dear Mr. Babu... Thanks for the response, it seems the logical way, Regards Dinesh
From India, Delhi
nanu1953
278

One thing has to be checked that if the monthly gross salary of the employee is 21,000/- or below, the employee will be covered under ESIC. PF will not be required if the employee settled the same then he will be considered as excluded employee.

S K Bandyopadhyay
CEO-USD HR Solutions
+91 98310 81531

USD HR Solutions – To Strive towards excellence with effort and integrity

From India, New Delhi
Head HR DKS
Thanks a lot for the valuable insight Mr. Bandopadhyay.. Regards Dinesh
From India, Delhi
hurley-marcus
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From United States, Reston

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