This document defines and explains various components of salary and compensation packages in India. It discusses gross salary, net salary after deductions for taxes and other amounts. It also covers allowances such as dearness allowance, travelling allowance, and house rent allowance. Provident fund, gratuity, medical insurance are also summarized as mandatory or voluntary benefits provided to employees in addition to the basic salary structure.
Compensation And Benefits In Hrm PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Compensation And Benefits In Hrm Powerpoint Presentation Slides. This complete deck is oriented to make sure you do not lag in your presentations. Our creatively crafted slides come with apt research and planning. This exclusive deck with thirty five slides is here to help you to strategize, plan, analyse, or segment the topic with clear understanding and apprehension. Utilize ready to use presentation slides on Compensation And Benefits In Hrm Powerpoint Presentation Slide with all sorts of editable templates, charts and graphs, overviews, analysis templates. It is usable for marking important decisions and covering critical issues. Display and present all possible kinds of underlying nuances, progress factors for an all inclusive presentation for the teams. This presentation deck can be used by all professionals, managers, individuals, internal external teams involved in any company organization.
Compensation And Benefits In Hrm PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Compensation And Benefits In Hrm Powerpoint Presentation Slides. This complete deck is oriented to make sure you do not lag in your presentations. Our creatively crafted slides come with apt research and planning. This exclusive deck with thirty five slides is here to help you to strategize, plan, analyse, or segment the topic with clear understanding and apprehension. Utilize ready to use presentation slides on Compensation And Benefits In Hrm Powerpoint Presentation Slide with all sorts of editable templates, charts and graphs, overviews, analysis templates. It is usable for marking important decisions and covering critical issues. Display and present all possible kinds of underlying nuances, progress factors for an all inclusive presentation for the teams. This presentation deck can be used by all professionals, managers, individuals, internal external teams involved in any company organization.
A bonus payment is usually made to employees in addition to their base salary as part of their wages or Salary. While the base salary usually is a fixed amount per month, bonus payments more often than not vary depending on known criteria, such as the annual turnover, or the net number of additional customers acquired, or the current value of the stock of a public company. Thus bonus payments can act as incentives for managers attracting their attention and their personal interest towards what is seen as gainful for their companies' economic success. There are widely‐used elements of pay for performance and working well in many instances, including when a fair share of an employees participation in the success of a company is desired. There are, however, problematic instances, most notably when bonus payments are high. When they are tied to possibly short-lived figures such as an increase in monthly turnover, or cash flow generated from an isolated marketing action, such figures often do not reflect a solid reliable win for a company, and they certainly do not reflect a manager's lasting efforts to the company's best. On the contrary, such figures are prone to being adjusted or even manipulated to the benefit of those employees who are responsible for reporting them, while they are already planning their leave with a golden handshake.
ESIC ACT, 1948
Slides content:
Introduction
Origin
Objective & Applicability
Administration & Registration
Identity card
Employers & Employee contribution
Benefits under the scheme
Benefits to Employers
Rajiv Gandhi shramik Kalyan Yojna
Certification of return of contribution by Auditor
Records to be maintained for inspection by ESI authorities
Employees Insurance court
Special provisions
other provision
Important forms to be submitted under the Act
End.
Employee benefits and Services in organizationRaju Samanta
What are the employee benefits and services?
Employee benefits?
what is services?
What is PF, Gratuity?
Why employer will provide benefits to its employee
Dear Seniors & Friends,
Sharing the updated PPT on "Provident Fund & MP Act 1952" of India. Kindly have a look on the Same & Share your valuable feedback & suggestion. If you found any mistake kindly update me for the modification the same.
Regards,
Anshu Shekhar Singh
Mob: 9999 844 355
A bonus payment is usually made to employees in addition to their base salary as part of their wages or Salary. While the base salary usually is a fixed amount per month, bonus payments more often than not vary depending on known criteria, such as the annual turnover, or the net number of additional customers acquired, or the current value of the stock of a public company. Thus bonus payments can act as incentives for managers attracting their attention and their personal interest towards what is seen as gainful for their companies' economic success. There are widely‐used elements of pay for performance and working well in many instances, including when a fair share of an employees participation in the success of a company is desired. There are, however, problematic instances, most notably when bonus payments are high. When they are tied to possibly short-lived figures such as an increase in monthly turnover, or cash flow generated from an isolated marketing action, such figures often do not reflect a solid reliable win for a company, and they certainly do not reflect a manager's lasting efforts to the company's best. On the contrary, such figures are prone to being adjusted or even manipulated to the benefit of those employees who are responsible for reporting them, while they are already planning their leave with a golden handshake.
ESIC ACT, 1948
Slides content:
Introduction
Origin
Objective & Applicability
Administration & Registration
Identity card
Employers & Employee contribution
Benefits under the scheme
Benefits to Employers
Rajiv Gandhi shramik Kalyan Yojna
Certification of return of contribution by Auditor
Records to be maintained for inspection by ESI authorities
Employees Insurance court
Special provisions
other provision
Important forms to be submitted under the Act
End.
Employee benefits and Services in organizationRaju Samanta
What are the employee benefits and services?
Employee benefits?
what is services?
What is PF, Gratuity?
Why employer will provide benefits to its employee
Dear Seniors & Friends,
Sharing the updated PPT on "Provident Fund & MP Act 1952" of India. Kindly have a look on the Same & Share your valuable feedback & suggestion. If you found any mistake kindly update me for the modification the same.
Regards,
Anshu Shekhar Singh
Mob: 9999 844 355
Mobile friendly ESS Portal. 100% compliant payroll software. 150+ reports. Includes PF, ESIC, PT, Bonus, Gratuity, Full & Final Settlement, ITNS 281 Challan, Form 16, 24QR, PF ECR, TDS Projection, Online ESIC Statement & much more
Dr. Jhansi Rani M R - International CompensatIon (Module VI B)MRJhansiRani
Dr. Jhansi Rani M R, Dr. M. R. Jhansi Rani, Approaches of international compensation, key components of an International compensation program, executive compensation.
Employee retention is a primary goal for many small businesses. Not only is it expensive to replace employees, but high employee turnover can be damaging to workplace morale and customer service
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the what'sapp contact of my personal vendor.
+12349014282
#pi network #pi coins #legit #passive income
#US
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the what'sapp contact of my personal pi merchant to trade with
+12349014282
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
5. Net Salary
Net Salary
Net Salary is gross salary less the deductions which are
made on account of statutory compliances(like PF, Income
Tax, Professional Tax) and other dues (Like Loans and
Advances taken) which you owe to the Company and
Legal dues if any. It is something you get in hand and
commonly refer to as Take Home Pay.
Key Definition
Net Salary = Salary after deductions
5
6. Let me explain with an example Let us say the employee earns the following per month:
• Basic Salary - INR 10000
House Rent Allowance - INR 5000
Convyeance Allowance - INR 1000
Magazine Allowance - INR 500
Education Allowance - INR 250
Then, GROSS SALARY - INR 16750
Deductions:
• Provident Fund - INR 1200
Income Tax - INR 750
Profession Tax - INR 130
Loan Deduction - INR 750
Total Deductions - INR 2830
• His Leave Travel Allowance - INR 10000 per
annum
Medical Reimbursement - INR 10000 per annum
Premium for mediclaim - INR 1500 per annum
PF- Management Contrib.-INR 16332 per annum
Then, CTC (Cost to Co.) - INR 2,38,832 per
annum.
Then, NETT SALARY - INR 13920
CTC = Monthly Gross Salary X 12 + Annual
benefits (INR 37832)
6
8. Dearness Allowance
Employees having fixed income suffer the
most due to rise in prices and to compensate
their loss, they are paid D.A. So D.A is nothing
but an addition salary and it is fully taxable.
Sometimes it is mentioned that :
1.
D.A enters into pay for service benefits.
2.
D.A enters into pay for retirement benefits.
3.
D.A is given under the terms of
employment.
4.
Dearness pay.
Thus, it is treated as part of salary for certain
purposes such as provident fund, value of
rent free
house, HRA, bonus, gratuity, leave
encashment
8
10. Travelling Allowance
Any allowance granted to meet the cost of
travel on tour or on transfer by the employer
to his employee.
It is exempted upto actual expenditure
incurred for the purpose of employment.
Excess , if any, will be taxable.
10
12. House Rent Allowance
Some times the employer does not provide
rent free accommodation but instead makes
a provision to pay some amount in cash, so
that the employee may be compensated to
some extent as far as rent is concerned. The
amount of cash paid is known as house rent
allowance.
12
14. Provident Fund
10
9
8
7
6
5
4
3
2
1
To encourage savings for the social security
of employees , the govt. has set up various
kinds of provident fund. The employee
contributes a fixed percentage of his salary
towards these funds and in many cases
employer also contributes. The whole
contribution along with interest is credited
to employee’s account. He will get
payment out of this fund at the time of
retirement and at some other important
occasions. If the employee dies , his heirs
will get the full payment.
Provident funds are of four types:
1. Statutory provident fund
2. Recognized provident fund
3. Unrecognized provident fund
4. Public provident fund
16. Gratuity
Gratuity refers to a lump sum
amount payment made by an
employer to his employee at the
time of leaving job in appreciation
of his long and loyal services.
Earlier it was a voluntary
payment but now it has become a
sort of compulsory payment for
govt. employees, semi govt.
employee and all other
employees working in
banks, colleges, factories etc.
16 16
18. MediClaim
Mediclaim Policy is an Insurance coverage wherein any of your Health
related hospitalization bills can be claimed from the insurance company.
There are two different ways to get your bills claimed either by cashless
facility i.e your bills are directly paid to the hospital or you can pay your bills
in the hospital and get an reimbursement after submission of the same to
the insurance company.
Mediclaim policy helps employee for take the benefit of medical
treatment. Employee’s come under it who pays amount to insurance
company
18