netrashetty
Netra Shetty
Burlington Coat Factory Warehouse Corporation is a national department store retailer focusing on clothing and shoes, with over 450 stores in 45 states and Puerto Rico.(as of 2010). In 2006, it was acquired by Bain Capital, LLC in a take-private transaction.[1] The company's corporate headquarters are located in Burlingto
All permanent employees (confirmed or in probationary period) may avail this benefit. If in case you require hospitalization you should refer to the panel hospital mentioned on the EFU Allianz insurance card. If the hospital you have chosen ( in emergency ) is not available on the panel list, you must call the EFU Allianz Hotline (0300-8207000) and update them on the details. If the case is not an emergency you must get a prior approval from EFU Allianz through the Human Resources Department.
After completion of the hospital treatment, you must make a full and final payment to the hospital. Keep a record of the bills and document in order to claim a refund of the payment. All these bills and documents will have to be submitted to the Hr.
In the event where a panel hospital is available on the EFU Allianz network, you must display the insurance card to the hospital. After receiving the treatment you may not have to pay any amount unless the amount entitled exceeds the level mentioned as per your grade
. Medical Insurance (Hospitalization)
Medical Insurance (Hospitalization) is provided to employees through an approved Insurance Company, and disbursal is subject to fulfilling the requirement of the insurance company. The coverage of medical benefits includes self, spouse and dependent children, with an age limit of 21 years.
Life Insurance:
NIB gives life insurance facility and approved insurance company for all its permanent employees as a means of guaranteeing financial security to their families in the event of their death and disability. It is subject to fulfilling the requirement of the insurance company
Provident Fund:
Upon confirmation of service all full time permanent employees will become member of NIB Provident Fund Scheme. This means that every month you will contribute 10 % of your basic salary to the Fund and the same amount will be contributed by NIB. Your portion of contribution will be deducted from your monthly salary.
The Provident Fund rules of NIB will govern this policy and the membership to Provident Fund is compulsory for all permanent employees upon confirmation.
Emergency Loan
All confirmed permanent employees of NIB are eligible to apply for Emergency Loan. According to amount of emergency loan repayment loan period is decided with 4 % interest rate
For all Loans, please note that:
Employee Loan Application forms may be obtained through the Intranet (e-nib)
All Loan approvals will require approval of your supervisor, Group Head, the HR department and President (where applicable).
If an employee resigns, retires, or is terminated from services for any reasons and his loan remains unpaid, he/she will be liable to immediately repay the full outstanding amount.
In case an employee does not pay the loan, the case will be forwarded to collection for loan according to the bank’s policy.
In case where employees loan will be picked up by the new employer, the new employer will be given a grace period of 10 days for the loan to be taken over. After this period, prevailing commercial rate will be charged for the loan until it is taken over by the new employer
Employee Loan Program
NIB has a comprehensive set of loans that are provided to the permanent employees. The objective of the loan program is to enable employee build personal assets which contribute to their personal and professional well being.
2. Employee relation:
Employee Relations involves the body of work concerned with maintaining employer-employee relationships that contribute to satisfactory productivity, motivation, and morale. Essentially, Employee Relations is concerned with preventing and resolving problems involving individuals which arise out of or affect work situations.
The environment at NIB bank is cultural, ethical and challenging that that encourages creativity and commitment among employees. NIB bank fosters a work environment where employees can realize their potential whether locally or in the international arena. Thus, NIB bank enables its employees to achieve their professional goals while keeping in synch with the bank’s overall objectives.
NIB bank believes in two skills for employee relation
Interpersonal communication
Conflict management
Interpersonal communication skill:
At NIB bank the first skill for managers to understand and practice is interpersonal communications, because it is the foundation for all actions in the workplace and it allows the manager an opportunity to build relationships with the overall workgroup without alienating anyone in the work environment. Working with diverse groups of people requires a tremendous amount of interaction. If these interactions are positive, they can help create the right workplace climate, attitudes, beliefs and behaviors. Keeping in view these all points interpersonal NIB bank emphasizes on strong interpersonal communication skill for effective accomplishment of goals.
Conflict management:
In NIB bank the second skill for managers to leverage, is conflict management. It is actually conflict resolving approach. Learning to leverage this skill helps in resolving employee relations issues quickly and effectively, and creates greater satisfaction with the workgroup. In this skill manager let his/her subordinates to speak and say whatever they feel during working with manager. Manager cares employees’ emotions and feelings
All permanent employees (confirmed or in probationary period) may avail this benefit. If in case you require hospitalization you should refer to the panel hospital mentioned on the EFU Allianz insurance card. If the hospital you have chosen ( in emergency ) is not available on the panel list, you must call the EFU Allianz Hotline (0300-8207000) and update them on the details. If the case is not an emergency you must get a prior approval from EFU Allianz through the Human Resources Department.
After completion of the hospital treatment, you must make a full and final payment to the hospital. Keep a record of the bills and document in order to claim a refund of the payment. All these bills and documents will have to be submitted to the Hr.
In the event where a panel hospital is available on the EFU Allianz network, you must display the insurance card to the hospital. After receiving the treatment you may not have to pay any amount unless the amount entitled exceeds the level mentioned as per your grade
. Medical Insurance (Hospitalization)
Medical Insurance (Hospitalization) is provided to employees through an approved Insurance Company, and disbursal is subject to fulfilling the requirement of the insurance company. The coverage of medical benefits includes self, spouse and dependent children, with an age limit of 21 years.
Life Insurance:
NIB gives life insurance facility and approved insurance company for all its permanent employees as a means of guaranteeing financial security to their families in the event of their death and disability. It is subject to fulfilling the requirement of the insurance company
Provident Fund:
Upon confirmation of service all full time permanent employees will become member of NIB Provident Fund Scheme. This means that every month you will contribute 10 % of your basic salary to the Fund and the same amount will be contributed by NIB. Your portion of contribution will be deducted from your monthly salary.
The Provident Fund rules of NIB will govern this policy and the membership to Provident Fund is compulsory for all permanent employees upon confirmation.
Emergency Loan
All confirmed permanent employees of NIB are eligible to apply for Emergency Loan. According to amount of emergency loan repayment loan period is decided with 4 % interest rate
For all Loans, please note that:
Employee Loan Application forms may be obtained through the Intranet (e-nib)
All Loan approvals will require approval of your supervisor, Group Head, the HR department and President (where applicable).
If an employee resigns, retires, or is terminated from services for any reasons and his loan remains unpaid, he/she will be liable to immediately repay the full outstanding amount.
In case an employee does not pay the loan, the case will be forwarded to collection for loan according to the bank’s policy.
In case where employees loan will be picked up by the new employer, the new employer will be given a grace period of 10 days for the loan to be taken over. After this period, prevailing commercial rate will be charged for the loan until it is taken over by the new employer
Employee Loan Program
NIB has a comprehensive set of loans that are provided to the permanent employees. The objective of the loan program is to enable employee build personal assets which contribute to their personal and professional well being.
2. Employee relation:
Employee Relations involves the body of work concerned with maintaining employer-employee relationships that contribute to satisfactory productivity, motivation, and morale. Essentially, Employee Relations is concerned with preventing and resolving problems involving individuals which arise out of or affect work situations.
The environment at NIB bank is cultural, ethical and challenging that that encourages creativity and commitment among employees. NIB bank fosters a work environment where employees can realize their potential whether locally or in the international arena. Thus, NIB bank enables its employees to achieve their professional goals while keeping in synch with the bank’s overall objectives.
NIB bank believes in two skills for employee relation
Interpersonal communication
Conflict management
Interpersonal communication skill:
At NIB bank the first skill for managers to understand and practice is interpersonal communications, because it is the foundation for all actions in the workplace and it allows the manager an opportunity to build relationships with the overall workgroup without alienating anyone in the work environment. Working with diverse groups of people requires a tremendous amount of interaction. If these interactions are positive, they can help create the right workplace climate, attitudes, beliefs and behaviors. Keeping in view these all points interpersonal NIB bank emphasizes on strong interpersonal communication skill for effective accomplishment of goals.
Conflict management:
In NIB bank the second skill for managers to leverage, is conflict management. It is actually conflict resolving approach. Learning to leverage this skill helps in resolving employee relations issues quickly and effectively, and creates greater satisfaction with the workgroup. In this skill manager let his/her subordinates to speak and say whatever they feel during working with manager. Manager cares employees’ emotions and feelings