Dear Seniors,
1)what are the areas we should keep in mind when we transfer employees from one company to another group company where the promoters are same and it is public limited company.
2) Here the situation is like this: we have two companies named A and B . Company A is a established 22 years back and the few promoters started company B from last one year both are public limited but we would like to transfer employees from Company A to Company B from Management staff & workmen category who is having rich experience in the same manufacturing process.
Following employees are working from last one year physically at new site and some are completely and few are whenever services required but they are as on date in old company payroll:
GM – Operations – working from 22 years in A Company
Asst.Manager – QC - working from 16 years in A company
Electrical – In charge – working from 20 years in A company
Technical Assistants – working from 12 years in A company
So what are the things to be kept in mind when we transfer permanently to new company and how to return back the amount of salaries which paid to emp by old company for services rendered in new company for last one year.
1)what are the areas we should keep in mind when we transfer employees from one company to another group company where the promoters are same and it is public limited company.
2) Here the situation is like this: we have two companies named A and B . Company A is a established 22 years back and the few promoters started company B from last one year both are public limited but we would like to transfer employees from Company A to Company B from Management staff & workmen category who is having rich experience in the same manufacturing process.
Following employees are working from last one year physically at new site and some are completely and few are whenever services required but they are as on date in old company payroll:
GM – Operations – working from 22 years in A Company
Asst.Manager – QC - working from 16 years in A company
Electrical – In charge – working from 20 years in A company
Technical Assistants – working from 12 years in A company
So what are the things to be kept in mind when we transfer permanently to new company and how to return back the amount of salaries which paid to emp by old company for services rendered in new company for last one year.