Hi Seniors, Need your guidance for gratuity. We are a small recruitment company just reached the figure of 10 employees this month and company got incorporated in 2014. So, my first employee has started from May 2014 and she has completed her five years with the organization.
I am applying for the Gratuity benefit for all the employees so it would be done in this month.
queries are stated below.
1) My first employee who is with me for past five years if she leaves the company say in the coming month would she be eligible for the gratuity for last five years (which I wish to pay her) even though I will start the gratuity plan from this month.
I have raised the same query with LIC (Gratuity) and they told me that she would be eligible but as per the other seniors she wont be eligible as company has started the gratuity recently. Please guide as we want to be very fair with the employees in case of their benefits.
I am applying for the Gratuity benefit for all the employees so it would be done in this month.
queries are stated below.
1) My first employee who is with me for past five years if she leaves the company say in the coming month would she be eligible for the gratuity for last five years (which I wish to pay her) even though I will start the gratuity plan from this month.
I have raised the same query with LIC (Gratuity) and they told me that she would be eligible but as per the other seniors she wont be eligible as company has started the gratuity recently. Please guide as we want to be very fair with the employees in case of their benefits.