Hi !
Well HR Professionals, Can some of you clarify on these vague Practices.
An Organization is not paying the Provident Fund from the Employers contribution every month but only paying Employees contribution over the years. The organization skipped paying the contributions every month and only pays during the Half Year OR Annual closing periods for very 2 years or so.
If any resigned employees are there in between these 2 years, only those employees both contributions are paid and settled with the PF Departments, thus the privilege of earning Central Government's Interest rate on PF a/cs is deprived.
What actions can be taken on organizations practicing such vague practices.
From India, Hyderabad
Well HR Professionals, Can some of you clarify on these vague Practices.
An Organization is not paying the Provident Fund from the Employers contribution every month but only paying Employees contribution over the years. The organization skipped paying the contributions every month and only pays during the Half Year OR Annual closing periods for very 2 years or so.
If any resigned employees are there in between these 2 years, only those employees both contributions are paid and settled with the PF Departments, thus the privilege of earning Central Government's Interest rate on PF a/cs is deprived.
What actions can be taken on organizations practicing such vague practices.
From India, Hyderabad
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Innovative HR Practices-.doc