Hi - Ppt Download

Hi Friends
This is R.Mohanasundaram again and now i have attached a whole article on compensation management it constitutes a wide range of information. Hope it will definitely be of a useful one.

Can you please help...
I would like to know the calculations regarding the compensation to be paid to the victim in case of Accident causing Fatality / Permananet Disability.
Please let me know the statue regaring this... Its cover under factories act or Workmen Compensation Act...
Thanks in advance.
With regards,
Dipil Kumar V

Hai dipil,
I would like to breif you about workmen compensation:
For fatal accident : calculation will be 50% of basic wages x age factor
for permanent disability : Calculation will be 60% of basic wages x age factor x % of disability certified by the authoriesed doctor or certified surgeon in gazeetted rank.
pls refer wc act 1923 for age factor.
Regareds,
S. ANAND SIVAKUMAR

Hi Friends
What Anand said is right you can very well refer it under the Wages Act 1923 it will givew you a clear picture about it.If you have further more clarification tell me.

@ S. ANAND SIVAKUMAR & Citizen 1502
Thanks a lot for your valuable reply.... Really helpfull....
Can you please do me one more help... Please mention the section under Workmen's Compensation Act, 1923 from which I will get the details regarding Age Factor...
Also is there any clause in Factories Act regarding the compensation to the victims of accidents.
Thanks in advance.
With regards,
Dipil Kumar V

Hi Patel
Hereby I have attached a very detailed contents of the Job Evaluation Process so read it and tell me your comments. This is not only for you but also for the benefit of all the HR members in this community.