Regarding HR Policies [Thread 464650]

Hi All,
Hope Every one doing good
I want to know brief about HR Policies.
Can anyone please suggest me or the HR policies Briefly.
And also i want to know what is gratuity?
Regards
Jaysri

Hi Jaya Sri,

HR Policy:-- A policy is a formal statement of a principle or rule that members of an organization must follow. Each policy addresses an issue important to the organization's mission or operations. Policies are written as statements or rules. Organizations commonly have written policies in the following areas:

• Code of Conduct

• Confidentiality

• Conflict of Interest

• Working conditions

• Attendance

• Hours of Operations

• Termination (Voluntary and Involuntary)

• Recruitment

• Compensation

• Performance Management

• Learning and development

• Overtime

• Dress Code

• Leave Policy

• Grievance/Conflict Resolution

• Formal complaint process

• Guest House

• Discrimination and Harassment/Respectful Workplace

• Whistle Blower

• Use of Company Equipment etc.....

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.

Calculated as (Basic + D.A) x 15 / 26 or 30 x No. of year in service*

Regards,

Narayan

You really need to appreciate Mr. Narayan for the quick posting however, following up with the posting, I need to quickly fill up something that was omitted from his side.
To earn Gratuity any employee should have completed five years of continuous service in a company. Follow this link for the Gratuity Act 1972: http://indiacode.nic.in/fullact1.asp?tfnm=197239
-- Gratuity is a certain sum of money that is received by an employee, and the last drawn salary is used for calculating the money payable as per the formula
Calculated as (Basic + D.A) x 15 / 26 or 30 x No. of year in service (above 5 years)

Now having said what I have there are exception to gratuity being paid if it is less than 5 years
Follow this link : HR SUCCESS TALK: 13 facts one should know about Gratuity Act in India!!

Appreciating all the above, I like to add the benefit of PF, ESI, Pension etc. and other related social support scheme by the Employer should be mentioned in HR policies.