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No, it is not required. You need to pay provident fund only to people who are regular employees and not people who have left the company or absconded.
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∙ 11y ago
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Is provident fund employees asset and are you right to ask your provident fund balance?
Provident Fund is a portion of our salary that our employer deducts every month. This money is remitted to the government of India's PF trust. This money is used by our government for its cash needs. Once we retire or close our PF account, the money that has accumulated against our name would be given back to us. The money in our PF account grows at the rate of 8.5% per annum compounded every year.Yes it is an asset for you and you have all rights to ask your provident fund balance.
Who should have access to employee records?
only employers should have their employees records however when employees has an assessment the information taken should be given to an employee so they could improve
The idea that employees should also share the profit of organization was given by which of?
Charles Babbage
The idea that employees should also share the profit of organization was given by What theorist?
Charles Babbage
What is provident fund in salary?
The Government wants to tell us the importance of routine saving over a long time. This lumpsum given during retirement can be used by the employee to continue his life without being financially dependent on anyone and stand on his own legs...
How should employees receive a copy of the work rules?
The organization's work rules should be presented in a printed format, and each employee should be given a copy.
Is wage incentive an effective way to motivate employees?
yes, i guess so, but wage incentive should be given without overly using their employees to the point of losing time for their families.....
Are ex-employees entitled to their personal records paystubs etc?
Yes, ex employees should be given a copy of their old checks for record keeping. Contact the human services department of the company.
Is management share of contributry provident fund is not given in navodayaya vidyalaya samiti under HRD before 5 year of service?
No. Employer contribution must be given right from the first month
How do you write an acknowledgement to a suggestion to a manager?
Managers of businesses are often given suggestions about how to improve the business. Employees should acknowledge these suggestions after they are written.
Why salary given?
Salary is given so that employees can work properly and hardworkly.
Is tardiness a deduction that should be taken against the 13th month pay?
In my opinion tardiness should not be deducted against the 13th month pay, but to the salary of the employees. 13th month pay should be given to employees wholly without any deductions of taxes, sss, phic, hdmf (if it exceed 30,000.00 the excess are subject to withholding tax).
