Professional Documents
Culture Documents
Provident fund
Provident fund is another name for pension fund. Its purpose
is to provide employees with lump sum payments at the time of
exit from their place of employment
Gratuity
Gratuity is a part of salary that is received by an employee from
his/her employer in gratitude for the services offered by the
employee in the company.
Group life insurance
Group life insurance is a type of life insurance in which a single contract
covers an entire group of people. Typically, the policyowner is an employer
or an entity such as a labor organization, and the policy covers the
employees or members of the group
Requisite training provided
A method of preparing an employee to perform a task by providing them
with information about the task, a demonstration of its performance, an
opportunity for the employee to imitate the demonstration and
subsequent feedback.