Subject - Regarding merge of HRA & other allowances to Salary
Dear Seniors,
You all are requested to kindly guide me the benefit of merging the HRA, Special Allowances, bonus, Leave Pay & Medical in the BAsic Salary.
Our Esteemed Organisation provides the following benefits to the employees along with Basic Salary:
1) Special Allowance as per Grading of Staff
2) HRA
3) Bonus of 20% (released Yearly)
4) Medical equivalent to 1 month Basic Salary (Released yearly)
5) Leave Encashment equivalent to 1 month BAsic Salary (released yearly)
6) PF
7) ESIC
GSLI
Now the management is deciding to merge the Benefits from Sl. No. 1 to 5 in the BAsic Salary wef next FY.
Is is beneficial to the staff or not.
Pls reply.
Thanks
Dear Seniors,
You all are requested to kindly guide me the benefit of merging the HRA, Special Allowances, bonus, Leave Pay & Medical in the BAsic Salary.
Our Esteemed Organisation provides the following benefits to the employees along with Basic Salary:
1) Special Allowance as per Grading of Staff
2) HRA
3) Bonus of 20% (released Yearly)
4) Medical equivalent to 1 month Basic Salary (Released yearly)
5) Leave Encashment equivalent to 1 month BAsic Salary (released yearly)
6) PF
7) ESIC
GSLI
Now the management is deciding to merge the Benefits from Sl. No. 1 to 5 in the BAsic Salary wef next FY.
Is is beneficial to the staff or not.
Pls reply.
Thanks