Hi Mr. Reddy,
Thank you for your kind thoughts.
Notwithstanding, although these are textbook principles, many firms, whether small or large, adopt various methods in practice that are mostly unethical. Entrepreneurs justify these actions as necessary for improving their business. Some examples include:
1. Not implementing EPF provisions (widespread)
2. Not extending ESI benefits (widespread)
3. Not providing regular/permissible leave days (widespread)
4. Many firms do not even allow regular weekly offs
5. Failure to adhere to legal minimum wage requirements (widespread)
6. Discrepancies in treatment between male and female workers
7. Absence of gratuity and bonuses
8. Lack of proper compensation in case of accidents, sickness, etc.
These fundamental principles, which I have observed in many firms, are not being followed in their business practices. Many firms fail to pay wages/salaries regularly for various reasons, yet they continue to operate successfully despite the strict labor regulations in our country.
While I respect the right of employers to expect work from their employees in ethical ways, it is disheartening to see that many firms deny benefits solely to further their business interests.
I invite others to share their views.
Kumar
Bg.