Sir
I am working for PSU since 2012 as a contract employee in Finance Department. since I joined there is no direct recruitment conducted by the company in my department till now, they have continued me as a regular employee with all works and roles, in fact, more works than my regular co-employee who joined before than me. but salary and other benefits compared to him not even 20% of his salary am receiving.
now as part of privatization by the Central govt my company is going to wind up ( not for sure), so in this situation can I have the right to claim regular employment or salaries or any compensation by the govt if any winding up the
situation to the company?
A.Dear Client,
This question needs lot of insight on what are the service rules of PSU and what in earlier time have they done with contract employees? Is there any notification on this or what is the stand of the union and association of the PSU. Basis all these your eligibility can be arrived at.
Dear Client,
Variable pay or compensation is determined based on two main factors – the employee's performance and the company's overall performance. An employee becomes eligible to get variable pay...
Dear Client,
Apart from compliance with the statutory formalities required under the Companies Act, 2013 for the closer of the business of a company or part of it, the Company has to comply with the s...
Dear Client,
Termination without notice amounts to illegal termination and is defined as an industrial dispute under Section 2A of the Industrial Dispute Act, 1947 which also violated the mandatory p...
Dear Sir
Please approach the following authority or similar authority in a state
The Office Commissioner of Labour
Karmika Bhavan, Dairy Circle,
Bannerghatta Road, Bangalore-29.
080-29753078
labou...
Dear Client,
Leave Encashment Rules for private companies vary according to their policies and local regulations. Each company has a unique leave encashment policy. Some may have a cap on the number o...
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Working as a contract employee in PSU since 2012
Variable Pay Components - How to add Variable pay in offer letter and salary slips
