Page 83 - Appreciating Organization's Biggest Assets

times their final yearly salary. of annual CTC, health insurance
Additionally, it will give up to two with no waiting period, and the
of the dead employee’s children 1.2 dependents are covered, and life
lakhs per year in education support. insurance is 5 times of annual CTC.
According to the corporation, Flipkart offers maternity leave of
the benefits for surviving family 6 months leave and 4 months of
members of departed employees flexible hours, paternity leave of 15
will go into effect on April 1, 2020, days, a sabbatical after 2 years at
the first day of the most recent Flipkart, and sick leave of 12 days.
fiscal year. Flipkart said that it will Employees who desire to pursue
sponsor and extend the family’s hobbies like volunteering, studying,
current medical insurance coverage traveling, or writing sometimes take
for a period of 60 months in order sabbatical leaves.
to further assist families of dead
employees. For employees, life Other Benefits are a car lease
insurance can increase security (Max of 20% of base salary), higher
and peace of mind. Additionally, education assistance of full- time/
the corporation has allowed for part-time/sabbatical, and relocation
these employees’ accelerated benefits for self + 5 family members.
employee stock ownership plan Employees who lease cars pay a lower
(ESOP) vesting. Higher levels of net monthly EMI since they just
productivity at work are linked to cover the depreciation value rather
financial security. than the full cost of the vehicle.

Allowances include broadband Retirement benefits comprise
reimbursement upto 1000/month, employee PF contribution, flexible
onsite gym, onsite medical center, PF contribution, gratuity, NPS, and
emergency support system, meal leave encashment. An individual
allowance of 2200/month from must perform five years of
salary (tax benefit), and mobile continuous service before receiving
reimbursement for select divisions. a gratuity. Only if your Aadhar is
500-1500/month. Employers linked to your PF account may the
reimburse staff members for PF account be moved online from
expenses they incurred on their own the previous job to the current
dime for work-related purposes employer.
through expense reimbursement.
Insurance provided includes
accident insurance which is 5 times

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