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Retirement policy.... - blue collar..

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Retirement Policy.... - Blue Collar


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Eafil.hr Started The Discussion:


hi! guys am looking for some input regarding retirement policy for private ltd company. Pls guide me on a urgent basis. looking forward for some inputs. warm regards, EAFIL :idea:

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[ R Devarajan ] Member Since: Sep 2006 (Contributing Member) hi Retirement policy differs from company to company. Especially in a private company, it depends on the management to decide the age for retiring employees. but in practice, normally, in formulating such policies, the management will split the retirement into two types, one policy for non management members and another for management / executive staffs. as usual, the age limit for the non management staffs will be after completion of 58 years. the age limit for the mgmt staffs will be 55 years. on such retirement, the management may decide to give extension of service to employees, that too on the requirement. therefore, if you want to draft a policy on retirement, first split as I said above and then formulate. settlement should be made during the last day of his / her retirement. this is in short about retirement. further doubt you may ask. regards devarajan Knowledgebase Categories
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18/05/2013 13:24

Retirement policy.... - blue collar.. CiteHR

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[ Eafil.hr ] Member Since: Apr 2006 (Contributing Member) hi! thanks for the input.. am into a process iof definign retirement policy ur input is valuable... wishes EAFIL

[ NIDHIRUPEREE ] Member Since: Jul 2007 (Contributing Member) Hi , Could you please pass on if you have any guidelines or policy. Regards, Nidhi nidhi.ruperee@ecotechservices.com

[ Sumana1 ] Member Since: Jun 2007 (Contributing Member) Thank You Mr. Devrajan as I was also looking for the one.Mr. Devrajan & Other Friends,In my organisation, there are few blue collar employees (operators) working more than 2 decades in our organisation. Now they all have reached their 50's but are willing to work till the age of 60-65 as they are the family runners. They are also skilled in their nature of work.Now I have to draft a retirement policy for my organisation. How I should go about.Since it can be made mandatory of 58 years of age for retirement to all managerial & non-managerial satff could be an option. In case if we feel the employee (blue-collar) has to be continued after retirement...how can we go ahead?

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18/05/2013 13:24

Retirement policy.... - blue collar.. CiteHR

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18/05/2013 13:24

Retirement policy.... - blue collar.. CiteHR

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