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प्रश्न
Why is 'Gratuity' given by an employer to an employee?
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उत्तर
- Gratuity is a terminal benefit to a worker when he leaves the employment after working for a certain number of years.
- Originally, gratuity was an ex-gratia or voluntary payment made by an employer to his employees who retired after long and dedicated services.
- It is meant to protect the superannuated employee against the risk of old age.
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संबंधित प्रश्न
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
When the Principal of a school retires, the vice - principal is given her place. Identify which of the following will be true in this context.
- The vice-principal is being transferred
- The vice-principal will be getting a higher salary
- The vice-principal is getting promoted
- The vice-principal will be getting the same salary but her designation will change
What do you mean by group life insurance?
Distinguish between gratuity and provident fund.
Mention any two ways by which employees get social security.
Mention any two advantages of group life insurance to employees.
Explain the benefits provided by employers to employees under the Employees State Insurance Act.
Explain the benefits provided by employers to employees under the Maternity Benefit Act.
| Mr. Khanna, a manager in a public limited company, is turning sixty years of age and is about to retire from the organisation after a long and dedicated service. |
In this context answer the following:
- Name any two Acts pertaining to Mr. Khanna's retirement.
- Discuss the reasons why these two Acts need to be effected in organisations.
Distinguish between Provident Fund and Pension.
