Monday, March 13, 2017

Wages and Benefits

·         Causal leave: An employee is entitled to causal leave with full wages for ten days in a year. Unspent casual leave cannot be carry forwarded in the next year.
·         Sick leave
- An employee is entitled to sick leave with full wages for fourteen days in a year
- It may be availed with the support of a medical certificate
·         Annual leave
-              An employee is entitled to get one day off for every eighteen days of work
-             For adolescent worker one day off for every fifteen days of work
-    Annual leaves can be accumulated up to 40 days. Unspent annual leave need be paid to employee during severance.
·         Maternity leave: The period of maternity leave is sixteen weeks
-       Eight weeks before and eight weeks after the delivery of child.
-       Pregnant employee need to notify the employer at least eight weeks before the expected delivery date.

1.1.1. Leave taking procedures
·         An employee will consult his/her supervisor
·         An employee will apply to the appropriate person of the enterprise for leave stating his/her address therein
·         If leave is granted, a leave pass shall be issued to you
·         If an employee wants to extend his/her leave, he/she should apply to the employer before the expiry of leave

1.1.2. Benefits of knowing about limits of working hours, weekly holidays and leave
·         Can ensure the basic right of the employee’s rest
·         Can avoid damages to health of the employee
·         Can ensure employee’s productivity and motivation
·         Employee can contribute to the enterprise effectively
·         It establishes a harmonious relationship between the employee and the enterprise
·         Employee will not be misguided by any other person
·         Employee can plan for and participate in his/her family and personal events

2.      Topic: Wages and Benefits

2.1.    Introduction

Wages refer to payment received by an employee in exchange for his/her labour. It may be in goods or services but is customarily in money. All payments and services, other than wages, provided to employees are basically benefits. Employer is supposed to provide benefits to the employee for accident, sickness and retirement etc. 

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