Dear HR Fraternity / Others,
In my viewpoint, the calculation of Gratuity in CTC of an employee is an eye-wash. I don’t know which HR fellow has introduced this in his company, where ?, when ?, why ?. All these years and many of the companies where these HR fellows are following this bad precedent.
If an employee only after completing his 5th year of continuance service in a company and get relieved on resignation or superannuation will be getting this amount as Gratuity. I am a HR fellow who hates this practice. I never introduced in my company where I worked so far. For the same HR fellows the same rule applicable – if he completes the full term of 5 years only, he is going to get this benefit.
There is no use for an employee who quit the company before completion of 5 years of service. Also another benefit called Superannuation scheme – its highly unreasonable one to be included in the CTC.
K. Gopalakrishnan
ASPI - Sriperumbudur