Current challenges in the Indian HR industry

Posted on: 19th Jul 2018

Cost to company Cost to company is the total package offered to a candidate and is what is followed in countries like India, South Africa etc. It includes the actual salary or take home that a candidate receives and the additional expenses put on the candidate by the company. CT...

Posted on: 19th Jul 2018

Dearness allowance calculation Dearness allowance calculation is made on the basic salary and the amount noted is then added to the basic salary along with other components like HRA, etc. Dearness allowance was initially well known to individuals as Dearness food allowance, as i...

Posted on: 19th Jul 2018

Leave encashment calculation: Leave encashment calculation is as follows for earned leaves there is no fixed rule as how much leaves can be carried forward every year or how many leaves can be encased. Most of establishments have their own rules. Usually the basic salary and dea...

Posted on: 19th Jul 2018

Dubai is the most sought after career destination for job seekers because of skilled labor, lucrative compensation packages, tax-free income and a luxurious lifestyle. Thousands of professionals come to Dubai to create successful career. Most job seekers prefer to visit the count...

Posted on: 19th Jul 2018

PF transfer form 13 PF transfer form 13 is a form to be filled when an employee changes his job and wants to transfer his PF amount. Employee’s who want to transfer their Provident fund amount should fill PF transfer form 13 and submit it to their respective Employ provide...

Posted on: 19th Jul 2018

EL leave full form EL leave full form is an Earned Leave which is provided for intended long leaves for the purpose of vacation, travel etc. Earned Leave or Privilege Leave is calculated on a month upon month basis for the calendar year. Earned Leave is given at the beginning of...

Posted on: 18th Jul 2018

ECR file format ECR file format is available on the internet. EPFO has launched Electronic Challan cum Return (ECR) which suggests that Employers are required to register their organizations and create their username and password through this portal. The registered organizations...

Posted on: 18th Jul 2018

EPF pension calculator EPF pension calculator is used to calculate pension for the employee who has contributed for minimum 10 Years in EPF is entitled with a pension after attaining the age of 58 Yrs. PF Pension is the only source of regular income for many retired employees. E...

Posted on: 18th Jul 2018

Bonus formula Bonus formula depends on Salary+DA, an employee have Paid Basic and Payable Basic every month. Paid Basic can be altered subject to attendance of an employee every month. As per the payment of Bonus Act, 1965 minimum bonus is 8.33% of basic pay earned during the ac...

Posted on: 18th Jul 2018

Bonus calculation Bonus calculation depends upon the percentage on which employer wants to give a bonus to its employees. Bonus calculation in India is, the minimum bonus is 8.33% of basic pay earned during the accounting year and the maximum is 20% according to the payment of B...

Posted on: 18th Jul 2018

Basic salary calculation Basic salary calculation is completely based on HR policy in India. Basic salary is the core income of an employee. Basic salary is the amount paid to employees before any increases due to overtime or bonus, allowances like internet usage for those who w...

Posted on: 18th Jul 2018

Attrition formula Attrition formula is a calculation of the number of items or individuals that move or vacate out of a larger, collective group over a particular time frame. Attrition rate is also generally referred to as churn rate. A word often used by human resources profess...