Being a financial service company, we have much of cash which is in transit and with employees collected from the field. The company has taken a Money Insurance and Fidelity Guarantee for any loss, which says that it is applicable only if the cash is with authorised employee. Now as per Comp. policy the new field staff is tested for initial two months as trainee and are not enrolled under PF/ESIC. The question is
1) Can we consider the trainee as Authorised employee of the company as they handle cash even during traineeships?
2) Is it mandatory to enrol the trainee under PF/ESIC from their first day of joining?
3) Can we have a solution to this issue?
I am eagerly awaiting response as this is urgent/
Thanks.
1) Can we consider the trainee as Authorised employee of the company as they handle cash even during traineeships?
2) Is it mandatory to enrol the trainee under PF/ESIC from their first day of joining?
3) Can we have a solution to this issue?
I am eagerly awaiting response as this is urgent/
Thanks.