A. When hiring any employee, sign a signed employment agreement.
B. Ensure minimum remuneration, as well as occupational health and safety standards.
C. Provide benefits such as festival allowances, insurance, and bonuses, among others.
D. Enlist itself and its employees in SSF and make a monthly contribution to SSF.
E. Comply with the grounds for termination and make arrangements for payment of terminal benefits in the case of termination (such as provident fund, gratuity, and leave encashmen)
A. When hiring any employee, sign a signed employment agreement.
S.N | Required Information during Employment Agreement |
1 | Employee and Employers name and address |
2 | Nature of Employment (such as regular, casual, part-time employment) |
3 | Employees job description and designation |
4 | >Employees remuneration and benefits |
5 | The location , date and commencement date of employment agreement |
6 | Any other terms and conditions relating to the workers service and work |
S.N | Nature Of Employment | |
1 | Regular Employees | Who work for regular nature of work under a contract without any end-date |
2 | Work Based Employees | Carrying out specific work or rendering specific service |
3 | Time Bound Employees | For definite period under a contract with end-date |
4 | Casual Employees | Work for 35 hours or less in a week |
B. Ensure minimum remuneration, as well as occupational health and safety standards
S.N | Entitlements | Provisions under the Labor Act 2017 | ||||||||||||||||||||||
1 | Probation period | The probation period is 6 months from the date of joining to evaluate the performance of employees. | ||||||||||||||||||||||
2 | Working hours | Working hours are 8 hours a day and 48 hours a week. Overtime is not exceeding 4 hours a day and 24 hours per week. The overtime remuneration is calculated at a rate of 1.5 times of the basic remuneration of the employee. Arrangement for transportation needs to be made while engaging a female employee if the working period begins or ends before the sunrise or after the sunset. | ||||||||||||||||||||||
3 | Leave and holiday |
|
||||||||||||||||||||||
4 | Remuneration |
|
C. Provide benefits such as festival allowances, insurance, and bonuses, among others.
S.N | Entitlements | |
1 | Festival Allowances | Rs. Rs. 9,385/- (Per Year) |
2 | Bonus | 10 % of the profit made by company- only applicable to companies that have 10 or more than 10 employees. |
3 | Insurance |
Accidental Insurance : NRR 700,000/- to each employee covering all types of accidents Medical Insurance : NRR 100,000/- to each employee |
4 | Maternity Leave | Rs. 18,770.002 (60 days) |
5 | Paternity Leave | Rs. 4,692.50/- (15 days) |
6 | Sick Leave | Rs. 3,754/- (12 days) |
A. Enlist itself and its employees in SSF and make a monthly contribution to SSF.
The company is required to make monthly contribution (including provident fund and gratuity) to SSF in the following rate:
S.N | Contribution | Provident Fund | Gratuity | Additional | Total |
1 | Employee | 10% | --- | 1% | 11% |
2 | Employer | 10% | 8.33% | 1.67% | 20% |
3 | Total | --- | --- | --- | 31% |
E. Comply with the grounds for termination and make arrangements for payment of terminal benefits in the case of termination (such as provident fund, gratuity, and leave encashment).
S.N | Entitlements | |||||
1 | Disciplinary Actions |
|
||||
2 | Natural Termination |
|
||||
3 | Performance – based Termination |
|
||||
4 | Other Grounds of Termination |
|
Benefits in the Case of Termination
1 | Accumulated Annual Home Leave | Rs. 28,155/- (90 days) |
2 | Accumulated Sick Leave | Rs. 14,077.50/- (45 days) |
3 | Gratuity | 8.33% of basic remuneration and should be allocated every month |
4 | Eligibility | Since the first day of employment |