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HR Forum topics Started by Zaman 123

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HR Forum Replies by Zaman 123

The most often asked question in interviews, be careful that it does not sound rehearsed. Limit it to work-related items. Talk about things you have done and jobs you have held that relate to the position you are interviewing for. Start with the item farthest back and work up to the present.

Highlight

* Your key accomplishments at previous jobs.
* The strengths demonstrated by those accomplishments.
* How these relate to the job for which you’re applying.

Hope I have cleared your doubts....

Thanks & Regards,
Zaman.
Replied to "Attitude " in Motivation!!
03-07-2009.
an attitude should be sumthing like this....

" I do not have an attitude problem!!
I have an attitude...
I just dont find it to be a problem"

Thanks,
Zaman
Replied to "All about PF : " in Compensation and Benefits!!
03-07-2009.
Good one.... very informative....
Gratuity is a lump sum amount that your employer pays you when you retire or resign from the organization. An Employee does not contribute any portion of his salary towards this amount.

Gratuity is paid out at the time of superannuation (if you retire at the age of 58), when you retire (at any other age) or resignation, and in the event of your death or being rendered disable because of an accident or illness. You need to have at least five full years of service with an employer to qualify for gratuity. This rule is relaxed in the last instance. In the event of your death, the gratuity will be paid to your nominee.

# last drawn monthly salary as on date is taken into account
# if total period served with the current employer is less than 5 years no gratuity is payable to any individual
# for calculation of gratuity period served at a stretch with one employer is counted
# salary includes only basic pay and dearness allowance
# seasonal establishments are not covered in this calculator
# salary remains same for the last ten month
# only commission on salary paid on turnover basis is included

CASE-1 You are covered Under the Payment of Gratuity Act, 1971:
Gratuity shall be calculated as per the below formula:
Gratuity = Last drawn salary x 15/26 x No. of years of service
Your last drawn salary will comprise your basic + DA. For computation of gratuity, your service period will be rounded off to the nearest full year.
CASE-2 You are not covered Under Payment of Gratuity Act, 1971
Gratuity shall be calculated as per the below formula
Gratuity = Last drawn salary x ½ x No. of years of service
Your last drawn salary will comprise your basic + DA+ commission on sales on turnover basis. For computation of gratuity, your service period will not be rounded off to the nearest full year. While calculating completed years, any fraction of the year will be ignored. For instance, if the employee has a total service of 20 years, 10 months and 25 days, only 20 years will be factored into the calculation.
GRATUITY EXEMPTION:

Death-cum-retirement gratuity received by employees of central or state governments and local authorities is exempt without limit.

Gratuity received under the Payment of Gratuity Act, 1971 is exempt to the extent that it does not exceed 15 days' salary for every completed year of service calculated on the last drawn salary subject to a maximum of Rs 3.5 lakh.

Any other gratuity is exempt to the extent that it does not exceed one half-month salary’s for each year of completed service calculated on the basis of average salary for 10 immediately preceding months subject to a maximum of Rs 3.5 lakh.

The ceiling of Rs 3.5 lakh applies to the aggregate of gratuity received from one or more employers in the same or different years.

1.Completed years of service: More than 6 months service will be counted as full year of service i.e. 1 year 7 month will counted 2 years


2.Max. Gratuity payable under the Act is Rs. 3,50,000*/- * Please confirm it, This is exempted from tax if drawn after the retirement or leaving the job.

As per the gratuity act an employee is eligible for gratuity only if he has completed a contineous period of 5 or more years.

Gratuity is payable for 15 days per year for a period the empoyee has worked in the organization. Also note that after the completion of 5 years every period in excess of 6 months is treated as one completed year. For example if an employee has worked for 6 years and 8 months than he will be eligible for a gratuity of 7 years.

Gratuity is calculated as (Basic + DA)x 15 x no of years/26.

Regards,
Zaman


Thank you Madhuri. its really very important information.
Thanks for sharing....
Replied to "Negotiation" in Best HR Practices!!
21-02-2009.
Thank u Varsha keep posting
Replied to "HR softwares" in Best HR Practices!!
19-02-2009.
HI Deepti,

These files are zipped so to extract u need winzip or winrar software.

first install winzip or winrar then try to extract the files.

Thank You,
Zaman.
Replied to "HR softwares" in Best HR Practices!!
17-02-2009.
Hi frnds,

if any one needs HR related Software plz feel free to ping me ok.

Thank you,
Zaman
Replied to "Provident fund PF" in Compensation and Benefits!!
17-02-2009.
GOOD ONE THANKS A LOT VARSHA
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