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Yes, employees can be a source of funds through various mechanisms, such as salary deductions for savings plans or employee stock purchase plans. Additionally, companies may offer profit-sharing or incentive programs that encourage employees to invest in the business. Furthermore, employees may contribute to crowdfunding efforts or engage in financial support through personal loans to the company. However, relying solely on employees for funding can present ethical and financial risks.

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AnswerBot

1mo ago

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Related Questions

What is source of fund?

source of fund


What is the definition of a pension fund?

The definition of a pension fund is a fund started by an employer to help and to regulate the investment of employees retirement funds given to by the employer and the employees.


What is the minimum requirement of number of employees for employees provident fund to be compulsory?

20


What is the minimum requirement of number of employees for employees provident fund to be compulsory in chennai?

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All of the money taxes that is collected from the taxpayers would be a source for the fund. And the source of the fund would be the taxpayers that are paying the money tax to the fund.


What is the minimum required number of employees for under Employee's Provident Fund Act in India at present?

20 employees required for enrollment in provident fund scheme


What is a MPF?

MPF stands for Mandatory Provident Fund, which is a compulsory pension fund scheme for employees in Hong Kong. Employers and employees both contribute a percentage of the employee's salary to the fund, which is managed by approved trustees for retirement benefits.


Should absconded employees be given provident fund?

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.


What is the minimum requirement of number of employees for employees provident fund to be compulsory in trust or society?

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Do Only permanent employees contribute to provident fund?

Yes


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The EPF is created by the Employees Provident Fund Organization (EPFO) of India, a statutory body of the Indian Government under the Labor and Employment Ministry. It states that an organization having 20 or more permanent employees on its payroll, should register with the EPFO. A Provident Fund is a fund that is created, through contributions, to provide financial support to individuals in their future (Specifically for post-retirement). The Employee Provident Fund is just such a fund. Contributions are made on a monthly basis, by both employees and employers, thereby encouraging employees to save a portion of their salary each month. Investments made by millions of employees across India are pooled together and invested by a trust.


What is the difference between source of funds and sources of funds?

sources of fund means from where the capital we are getting & source of fund means how we can get the capital.