Employees are the Biggest Assests to Organizations .
Take this case :- An Engineering Company from Chennai ( dont want to name org) wanted to Expand its business world wide . so it acquired a Company in London .
The Employees in London was unable to accept the fact that their Management & Managers are from a developing Country . Nearly 80% of the employees in London quit Organization ;Post Acquisition .
At Any given point in Future it can acquire all other Assest but not Employees .
what will an Organization do without its Employees ???
PS: EMPLOYEES ARE THE KEY BEHIND EVERY SUCCESSFULL ORGANIZATION
Wednesday, May 14, 2008
Tuesday, May 13, 2008
How to Calculate Gratuity ?????
Formulae :-
Gratuity = [(Basic + DA) X 15 X No. of years of Service]/ (No. of working days in a month)
Example :- An employees Sal :- Basic 5000 / HRA 2000 / Special Allowance 4000 ( say he has worked for 5 yrs )
So Gratuity = ( 5000 * 15 * 5 ) /26
For gratuity calculation HRA and other allowances is not considered.
May would wonder whats the number 15 & Of Course why is 26 taken as working days in a Month ??
Answer :-
1> Gratuity is paid 15 days per month
2> According to gratuity act a month means and includes 26 days( excluding 4 weekly off variations not observed)
Gratuity = [(Basic + DA) X 15 X No. of years of Service]/ (No. of working days in a month)
Example :- An employees Sal :- Basic 5000 / HRA 2000 / Special Allowance 4000 ( say he has worked for 5 yrs )
So Gratuity = ( 5000 * 15 * 5 ) /26
For gratuity calculation HRA and other allowances is not considered.
May would wonder whats the number 15 & Of Course why is 26 taken as working days in a Month ??
Answer :-
1> Gratuity is paid 15 days per month
2> According to gratuity act a month means and includes 26 days( excluding 4 weekly off variations not observed)
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