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Showing posts from September, 2020

Cost-to-Company (CTC) and Statutory Compliance

  Cost-to-Company (CTC) and Statutory Compliance👇 CTC – a term which has replaced wages/salary. Is it statutorily right? Wages or Salary is a periodic payment received by a person engaged to perform specific job in an organization. As per section 3 of Payment of Wages Act, 1936, every employer shall be responsible for the payment of all wages reported to be paid under this Act to persons employed by him and in case of persons employed in Factories, Industrial or other establishments, etc. While engaging a new resource or while fixing new compensation upon increment or promotion for an existing employee, the establishment need to compute the cost involved in engagement of such resource and the term used to denote the monetary spend by the establishment is called as CTC. Different terms and appropriate definition • Cost-to-Company is total money to be spend on engagement of such resource, during a year. • Gross is the amount an employee receives as a salary before any deductions. • Net

Employee Engagement

  Employee Engagement is not only about Holi, Diwali or Rangoli.   It typically   means engaging, aligning them to Organization's Goal, Vision, Mission, Policies etc. It's Actually About Improving the Employee Experience     Its very widely said that   "Engaged Employees are Productive Employees"    🏻‍ 🏻‍ 🤩🤝 What is more important is to understand Why and How can we actually Engage the minds of your Stakeholders towards your   NEW NORMAL . At what all Stages you can Engage your employees?? 01. Since Selection:   Once you select your right fit, your new entrant, updating them about their role, required skills to outperform. Also help them to know more about their new team and New BOSS 🦸‍♂️🦸‍♀️ Also do not forget to extend your supportive hand for his / her smooth transition from previous to your organization. Ensure to make them feel your supported. 02. After Joining:   Flash Mob, Welcome Letter, Team Lunch and what all do you to make your new Entrant feel comfor

The Industrial Disputes (Himachal Pradesh Amendment) Act, 2020

  The Government of Himachal Pradesh vide notification no 05 of 2020 has repealed The Industrial Disputes (Himachal Pradesh Amendment) Ordinance, 2020 published on 9th July 2020 with ordinary legislation to be known as Industrial Disputes (Himachal Pradesh Amendment) Act, 2020. As per the amendment, the provision of the prohibition of strikes and lock-outs now includes non-public utility service as well along with public utility service within the provisions of the Act (b) The conditions for retrenchment compensation has been enhanced to sixty days from the earlier fifteen days average pay for every completed year of continuous service or any part thereof more than six months. Please refer to the notification for more details.  AUTHORITATIVE ENGLISH TEXT Bill No. 5 of 2020 THE INDUSTRIAL DISPUTES (HIMACHAL PRADESH AMENDMENT) BILL, 2020 ARRANGEMENT OF CLAUSES Clauses  : 1. Short title and commencement. 2. Amendment of section 22. 3. Amendment of section 25F. 4. Amendment of section

Self Certification cum Online Inspection Scheme - Puducherry

  Self Certification cum Online Inspection Scheme Puducherry The Puducherry Labour Department on August 07, 2020 has proposed the Self-Certification-cum-online Inspection Scheme for the purpose of enforcement of Labour Laws in the Union Territory to implement the Business Reform Action Plan- Ease of Doing Business. The main objective is to bring transparency in the inspection procedures by introducing Computerized system of Risk Assessment based inspection with random allocation of inspecting officers. The Puducherry Labour Department on August 07, 2020 has proposed the Self-Certification-cum-online Inspection Scheme for the purpose of enforcement of Labour Laws in the Union Territory to implement the Business Reform Action Plan- Ease of Doing Business. The main objective is to bring transparency in the inspection procedures by introducing Computerized system of Risk Assessment based inspection with random allocation of inspecting officers.   The following Acts are