Page 110 - Appreciating Organization's Biggest Assets

v. Paid Vacation: Employees ii. Lay-Off Compensation:
in the manufacturing, plantation, For the duration of the layoff, with
and mining industries who work the exception of weekly holidays,
240 days a year are entitled to paid employees are entitled to layoff
vacation days at a rate of one day for compensation at a rate equal to 50%
every 20 days worked for adults and of the sum of their basic salary and
one day per each 15 days worked for dearness allowance. Up to 45 days
children. of layoff compensation can often be

2. Employee Security: awarded each year.
To maintain the security of the 3. Safety and Healthy:
employee and his or her family, The health and safety of employees
employers should also give the must be prioritized in order to
employees with physical and safeguard them from accidents,
job security. The employee’s job unpleasant working circumstances,
security is established once his and to preserve their potential
services are verified. Additionally, for productivity. To ensure a
a minimum and consistent wage safe working environment, the
or compensation offers one’s life a Factory’s Act, 1948 in India set
sense of stability. forth several rules for working

i. Retrenchment conditions. These rules cover things
Compensation: In case of layoffs like cleanliness, how waste and
and retrenchments, the Industrial effluents are disposed of, ventilation
Disputes Act of 1947 provides for and temperature, dust and fumes,
the provision of compensation. illusionary humidity control,
All employees who are laid off crowding, electricity, restrooms,
after one year of continuous drinking water, latrines, spittoons,
service must receive one month’s and more.
prior warning or one month’s Fencing of machinery, working on
wages from nonseasonal industrial or close to moving machinery, hiring
businesses that employ 50 or more of young people for dangerous jobs,
personnel. For each year of service self-acting machinery, encasing
that has been completed, a salary of new machinery, hoists and
of 45 days is provided. In the event lifts of excessive weights, lifting
that an enterprise closes, employees apparatus, chains, ropes, explosive
are eligible for the aforementioned or flammable dust, gas, etc. are just
remuneration. a few of the provisions related to
safety measures.

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