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How can Gratuity given early to employees can benefit them?

vector image of buildings - Gratuity to employees

Companies may be required to give a gratuity to employees after just one year of completed service (presently it is 5 years).

The parliamentary panel has recommended this proposal to the government.

Most of the companies currently pay the gratuity portion from the companies P&L.

If this proposal gets implemented, Life Insurers might see a significant increase in Gratuity Insurance both (Past service gratuity and Future Service gratuity).

What is your opinion on this recommendation?

Link to news is: https://www.livemint.com/news/india/companies-may-require-to-pay-gratuity-after-one-year-of-service-11597135695698.html

Susheel Agarwal

Susheel Agarwal

Susheel is a certified Happiness Coach, which enables him to help organizations develop healthy and happy workplaces. Years of extensive in-depth research by interacting with various leaders of happy & not so happy organizations, attending several Happiness and Leadership programs along with his own authentic experiences, Susheel has been successful in establishing a happy workplace. He currently works as a Thought Leader and a Passionate Coach, educating corporate leaders to do the same.

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