Dear HR fellow professionals,
Can anybody help me with facts on what is the compensation paid to white-collar employees by multinationals when they exit India? Please share confirmed factual information only.
Thank you in advance for your help.
From India, Chennai
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Can anybody help me with facts on what is the compensation paid to white-collar employees by multinationals when they exit India? Please share confirmed factual information only.
Thank you in advance for your help.
From India, Chennai
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A German firm paid three months' salary without incentives while ramping down. However, it depends on the budget you have. In which state is your office located? Considering that your firm is registered with the Shops and Establishment, please check with your accountant. You will have to fulfill those conditions.
Assuming that you are the HR or the decision-maker in the firm, here's a request. Please consider outsourcing your employees. Continuity in employment works far better than compensation or any amount of hard cash.
Wish you all the best!
From India, Mumbai
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1872Assuming that you are the HR or the decision-maker in the firm, here's a request. Please consider outsourcing your employees. Continuity in employment works far better than compensation or any amount of hard cash.
Wish you all the best!
From India, Mumbai
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Dear Cite Contribution,
Thank you for coming forward to suggest my posting. My group management has already decided to close our office in India, so we cannot retain any employees. Therefore, I am seeking professional advice.
Regards,
Jeya
From India, Chennai
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Thank you for coming forward to suggest my posting. My group management has already decided to close our office in India, so we cannot retain any employees. Therefore, I am seeking professional advice.
Regards,
Jeya
From India, Chennai
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Hello Jeya,
What do you mean by white-collar employees? What is their nature of duties, i.e., managerial, technical, clerical, etc.? What is the nature of your industry? Is it a commercial establishment or a factory? Without these details, it may not be possible to give a proper reply.
B. Saikumar
From India, Mumbai
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What do you mean by white-collar employees? What is their nature of duties, i.e., managerial, technical, clerical, etc.? What is the nature of your industry? Is it a commercial establishment or a factory? Without these details, it may not be possible to give a proper reply.
B. Saikumar
From India, Mumbai
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I am afraid that there is no legal definition of "white-collar employee". If they are considered as workmen (irrespective of their designation/salary), they will attract the provisions of the Industrial Disputes Act. Retrenchment compensation is to be paid for 15 days' salary for each completed year of service along with one month's pay (mostly probably). Other dues like gratuity, PF, etc., have to be cleared.
For more information, check my blog at www.labourlawhub.com.
From India, Kolkata
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For more information, check my blog at www.labourlawhub.com.
From India, Kolkata
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Dear Jeya,
With outplacement, I meant getting them hired by other employers. In case you don't have the bandwidth to do so, you might consider consultants who can help out. I echo Saswata Banerjee; a better view of your sector and strengths will help us respond more accurately.
From India, Mumbai
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With outplacement, I meant getting them hired by other employers. In case you don't have the bandwidth to do so, you might consider consultants who can help out. I echo Saswata Banerjee; a better view of your sector and strengths will help us respond more accurately.
From India, Mumbai
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