Dear members,
Query regarding Contract Employment in Corporate India
I have a query regarding Contract Employment in Corporate India. I have 15 years of experience in Training Creation and Change Management and was in long-term full-time employment for 11 years in an MNC. I have recently started appearing for contract-based roles, which are termed as Consultant/Contract Employee. These are either directly with some companies like IT/Finance MNCs or through other companies that provide contract consultants to these bigger companies.
While the laws and benefits for full-time employment are very clear and known to most of us, and companies abide by the law, the picture is not very clear for contract-based employment, especially when it comes via smaller recruitment agencies/staffing companies providing consultants to other companies.
Lack of information on Contract Employment
I have googled and did not find any reliable source of information for contract employment in corporates regarding what the rules are regarding leaves, salary, medical benefits, and insurance.
I have received contract offers that are poorly written and do not clearly mention what an employee is going to get. The hiring agencies also do not answer these questions clearly, and there is a lot of grey area in terms of transparency of benefits and entitlements to contract employees, especially when contracts are for a year.
Questions regarding Indian Laws related to Contract Employment
Please help me with the following questions regarding Indian laws related to contract employment:
- Do contract employees get a salary slip? (In my current contract, I was shocked to know that there is no proof from the organization for salary except the offer letter and bank statement)
- How many days of leaves are credited for a contract employee/consultant role?
- Is professional tax deducted? (In one of the offers for contract, I have TDS and professional tax both)
- Is medical insurance/life/accidental insurance provided?
- PF in case of a long-term contract?
- What are the benefits and entitlements provided by the employer as per the law to contract employees in corporates?
TIA
Best Regards
From India, Mumbai
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Query regarding Contract Employment in Corporate India
I have a query regarding Contract Employment in Corporate India. I have 15 years of experience in Training Creation and Change Management and was in long-term full-time employment for 11 years in an MNC. I have recently started appearing for contract-based roles, which are termed as Consultant/Contract Employee. These are either directly with some companies like IT/Finance MNCs or through other companies that provide contract consultants to these bigger companies.
While the laws and benefits for full-time employment are very clear and known to most of us, and companies abide by the law, the picture is not very clear for contract-based employment, especially when it comes via smaller recruitment agencies/staffing companies providing consultants to other companies.
Lack of information on Contract Employment
I have googled and did not find any reliable source of information for contract employment in corporates regarding what the rules are regarding leaves, salary, medical benefits, and insurance.
I have received contract offers that are poorly written and do not clearly mention what an employee is going to get. The hiring agencies also do not answer these questions clearly, and there is a lot of grey area in terms of transparency of benefits and entitlements to contract employees, especially when contracts are for a year.
Questions regarding Indian Laws related to Contract Employment
Please help me with the following questions regarding Indian laws related to contract employment:
- Do contract employees get a salary slip? (In my current contract, I was shocked to know that there is no proof from the organization for salary except the offer letter and bank statement)
- How many days of leaves are credited for a contract employee/consultant role?
- Is professional tax deducted? (In one of the offers for contract, I have TDS and professional tax both)
- Is medical insurance/life/accidental insurance provided?
- PF in case of a long-term contract?
- What are the benefits and entitlements provided by the employer as per the law to contract employees in corporates?
TIA
Best Regards
From India, Mumbai
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Kami Export - Negative Covenant in Contract of Employment.pdf (1).pdf