The Code on Social Security, 2020 Its Implications on Gratuity Liabilities
Here is what you need to Know:
- 9 Existing Labour Laws Swapped for the New Code
- Key Changes impacting Gratuity: Wages Definition & Vesting Criteria for Select Employee Categories
- Expected Impact Velocity: ore than 90% Companies in India
- Expected Impact Severity: 20% to 50% increase in Gratuity Liabilities can be expected on Average
Video
Step 1: Impact Assessment Report based on Actuarial valuation
Assessment of Wages
Assessment of Vesting Criteria
Impact Assessment on Gratuity
Step 2: Mitigation Strategies to Reduce Curb Impact
Salary Redesign
Changes to Other Retirement Benefits
Re-designing of Company Gratuity Schemes which pay higher than Statutory Limits
360 degree review to optimize impact on Employers & Employees
Why Us?
Client
2200
+
Client Retention Ration
90
%
Employees Values Annually
30
Lakh
