If a person appointed as advisor in a company for a fixed term of two years and term extended for more than eight years. Is he eligible for gratuity on the closing of his contract?
From India, undefined
Acknowledge(2)
Amend(0)
3From India, undefined
Acknowledge(2)Amend(0)
As per the recent amendment to the Industrial Employment (Standing Orders) Central Rules, employees on Fixed-Term Contracts (FTC) are eligible for proportionate gratuity regardless of the length of their fixed term. Additionally, if the advisor is not a consultant on a retainer basis but has been continuously on a contract basis extended for more than 8 years, they would automatically be entitled to gratuity for the entire duration of service upon the conclusion of the contract.
Thank you.
From India, Salem
Acknowledge(2)Amend(0)
Thank you.
From India, Salem
Acknowledge(2)Amend(0)
If the advisor had signed a fresh offer every 2 years instead of an extension, in such cases, he is not entitled to gratuity for the earlier period. However, as per the new Code on Wages, he may be eligible for gratuity for the current contract or any contract signed hereafter for FTE.
Regards, Suresh
From India, Thane
Acknowledge(0)Amend(0)
Regards, Suresh
From India, Thane
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Fixed term employment extended.jpg
Contract For Service vs Contract Of Service.docx
Fixed term employment.pdf