Protection programme includes Retirement Plans, life insurance, accident insurance, medical or surgical or hospital insurance, social security payments etc.
Employee Security:
Physical and job security to the employee should also be provided with a view to promoting security to the employee and his family members. The benefits of confirmation of the employee on the job create a sense .of security to the life. In case of lay-off, employees are entitled to lay-off compensation at the rate of 50% of the total of the basic wage and dearness allowance for the period of their lay-off except for weekly holidays.
Safety and Health Benefits:
Employee's safety and health should be taken care of in order to protect the
employee against accidents, unhealthy working conditions and to protect worker's capacity.
Medical Services:
Today various medical services like hospital, clinical and dispensary facilities are provided by organisations not only to employees but also to their family members.
Medical / Surgical / Hospital Insurance:
Insured employees are entitled to get cash benefit for a maximum of 56 days in a year under this benefit.
Maternity benefit:
Insured women employees are entitled to maternity leave for 12 weeks (6 weeks before the delivery and six weeks after the delivery) in addition to cash benefit of 75 paise per day or twice sickness benefit, whichever is higher.
Disablement Benefit:
Insured employees, who are disabled temporarily or permanently (partial or total) due to employment injury and /or occupational diseases are entitled to get the cash benefit under this head.
Old Age and Retirement Benefits:
Industrial life generally breaks family system. The saving capacity of the employee is very low due to lower wages, high living cost and increasing aspirations of the employees and his family members. As such, employers provide some benefits to the employees, after retirement and during old age, with a view to create a feeling of security about the old age. These benefits are called Old Age and Retirement Benefits.
These benefits include: (a) Provident Fund; (b) Pension; (c) Deposit Linked Insurance; (d) gratuity; (e) Medical benefit
Employee Security:
Physical and job security to the employee should also be provided with a view to promoting security to the employee and his family members. The benefits of confirmation of the employee on the job create a sense .of security to the life. In case of lay-off, employees are entitled to lay-off compensation at the rate of 50% of the total of the basic wage and dearness allowance for the period of their lay-off except for weekly holidays.
Safety and Health Benefits:
Employee's safety and health should be taken care of in order to protect the
employee against accidents, unhealthy working conditions and to protect worker's capacity.
Medical Services:
Today various medical services like hospital, clinical and dispensary facilities are provided by organisations not only to employees but also to their family members.
Medical / Surgical / Hospital Insurance:
Insured employees are entitled to get cash benefit for a maximum of 56 days in a year under this benefit.
Maternity benefit:
Insured women employees are entitled to maternity leave for 12 weeks (6 weeks before the delivery and six weeks after the delivery) in addition to cash benefit of 75 paise per day or twice sickness benefit, whichever is higher.
Disablement Benefit:
Insured employees, who are disabled temporarily or permanently (partial or total) due to employment injury and /or occupational diseases are entitled to get the cash benefit under this head.
Old Age and Retirement Benefits:
Industrial life generally breaks family system. The saving capacity of the employee is very low due to lower wages, high living cost and increasing aspirations of the employees and his family members. As such, employers provide some benefits to the employees, after retirement and during old age, with a view to create a feeling of security about the old age. These benefits are called Old Age and Retirement Benefits.
These benefits include: (a) Provident Fund; (b) Pension; (c) Deposit Linked Insurance; (d) gratuity; (e) Medical benefit