Employee Retention Bonus An employee retention bonus is a financial incentive offered to current employees to encourage them to stay with the company for a specified period of time. These bonuses can take various forms, such as cash bonuses, stock options, or additional benefits. The goal is to reward employees for their loyalty and… Read More »
Offer Letter Vs Employment Contract Offer Letter An Offer Letter Vs Employment Contract is typically the initial document provided by an employer to a candidate who has been offered a job position. It outlines the basic terms and conditions of employment and serves as a formal invitation to join the organization. 1. Contents: Offer letters… Read More »
Provident Funds (PF): Provident Funds (PF) is a vital financial tool design to ensure employees have a secure retirement. It is a government-manage, mandatory savings scheme that offers numerous benefits to employees in various sectors. What is Provident Funds? Provident Fund is a government-back savings scheme where both employees and employers contribute a… Read More »
Employee Policies & Benefits Employee policies and benefits encompass guidelines governing workplace conduct, expectations, and perks provided by employers. They include health insurance, retirement plans, paid time off, and other incentives designed to enhance employee well-being and job satisfaction. Understanding Employee Policies: Employee policies serve as the blueprint for maintaining consistency, fairness, and compliance within… Read More »