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Hello everyone,Could someone please explain how to calculate compensation for employees at different levels?Regards,Vicky
Hi Sujatha,I have attached a document that I prepared on salary breakdowns at different levels. It may be useful to you.Kiran
Workmen's Compensation is good for employees whose annual income is around 5.5 lakhs since the maximum compensation is only around that level. The highest award given in Indian courts for death and disability is 5 times annual income. Depending on the amount of ...
Hi Tittli,You can provide two kinds of insurance benefits to your employees, and it will cost a little amount to the employer.1\. General Group Insurance: You can provide general group insurance to all of your employees, which would benefit in the case of accide...
Dear All,Hi! I have been asked to work on insurance coverage for some of our employees. We are an organization providing EPC turnkey solutions in and around Gujarat. We have around 5-9 field engineers. I am tasked with finding out which insurance policy works be...
Please note that the Workmen's Compensation Act has now been changed. It is known as the Employee Compensation Act.
The relevant factor is pre-decided, and it is part of the Schedule of the Act.Regards,Rahul Bagale
Can anyone please help me in calculating compensation under the act where a workman aged 35 years meets with an accident as a result of which he meets with permanent total disablement? His wage at the time of the accident was 5500/- per month. What will be the c...
@hrgilu3:> Dear All,> > Could anyone provide details on where I can find the information on age factor? I have not seen or received such details before.> > Regards,> PrabhakarDear Sir,Please find attached the file on age factors. It will be helpful and is for yo...
Dear All,I hope the calculator provided by Mr. Jawed Alam has cleared the doubts of the thread starter. Overall, it was a good discussion, and I have benefitted from it.Thank you all for sharing, and let's keep up the pace.