Nice post Sangeeta

siva

Hi priya,

Good posting. I think you have done a research on guys.

SIVA

Happy birday Meenakashi.

Hi,

Your perception is wrong. Most of the time employees are not aware of the benefits or they have a feeling that it is like general hospital, and one won't get proper benefit.

It is HR guys duty to explain them about the benefits, their rights etc.

Basically ESIC system works like that. Employee or his dependents has to visit first the local dispensary which they are attached to. In turn if the doctor working in that dispensary feels that facilities are not there to treat that particular disease, then they will refer to ESIC main hospital. Now a days they have all sophisticated equipment for treat, most of them purchased from the contributions paid by the workers. Even there the facilities are expertise is not available they may refer to any corporate hospital, with all expenses paid.

Let me share my experience regarding this. One of my colleagues has hole in heart and some other problem related heart. It was diagnosed after 3months of birth. Immediately they have refer the case to one of corporate hospital and full expenses have been paid for ESIC.

Regarding benefits, Major thing people know is that MATERNITY BENEFIT. Apart from these in case disablement employee gets the benefits depends of the degree of disablement. Upon death of member his/her kins will get funeral expenses.

Now recently included unemployment benefit. Those who are unemployed, they will get half the wages for a period of six months.

To get these benefits employee's contribution in the previous period has to be for 78 days.

siva
siva.bss@gmail.com

Hi all,

Today Most of companies follow the same. Earlier they used make the employees sign a bond / contract agreement. In most of the cases employer failed to retain them inspite of this. Its because, rules says you can't have bonded labour in a form.

To overcome this and to retain people, companies started to have fixed deposits etc.

This practice has its own advantages and disadvantages both for employer and employee.

From employer point of view, Some amount of money or time or both have been invested on employee to shape up to their needs. Obviously they want better returns on their returns. And more over turnover cost is reduced.

Negative point for an employer is that, when employee is no more interested in that job and still you want to do that job is useless. He hardly gets any output. Employer has nothing but to send him out.

From employee point of view, He gets knowledge and skills imparted or upgraded at free of cost. After working for a certain period, he may use them for better job.

Negative pint is that, he has to continue in that company, even if he gets better opportunity and do the job even if he doesn't like.

It is better for employer, even if he takes the agreement / bond from the employee, to send the employee out, if he is not really interested in the job and willingly under performing after considering all options.

At the same time employee who has to sign the bond has think twice, before doing the same. He needs to analyse, the skills he is going to get and their importance in his future career. His ambitions in near future etc.