Employee Benevolent Fund Policy

Dear Cite Members,I have formulated a simple idea, please shape it up with your valuable inputs.

Sir,I have discussed the same with a few HR professionals. Following are two to three options available:1\. One day's salary from each employee, and the same amount is to be added by the management. For instance, if the employee's contribution is 2 lakhs, the co...

Dear Andrea,Each organization has its own policy based on the employees and nature of work, i.e., IT Company/Manufacturing Firm/Telecommunication, etc.For a start-up IT Company, the policy should consist of:=======================================================...

Dear Datta,**Benevolent Fund**:**Objective:**To safe guard our employee’s family after his/ her passes away.**Process**:Every employee will contribute minimum 10/- or more (monthly) and management also makes equal contribution and on the death of an employee, an...

This is indeed a very good welfare scheme. There are two methods of doing this. One is to make a standard contribution of, say, Rs. 50 per month (to be decided based on the average number of deaths in the last 3-5 years, the capacity of members to pay, the propo...