Scribd Logo
Upload

Welcome to Scribd!

  • 299 views

    Employee Welfare in IT Sector

    Uploaded by

    Shruthi M Das
    Employee welfare in the IT industry can include benefits beyond wages to improve employees' comfort, intellect, and social lives. Common benefits provided include housing allowances or company-provided housing, furniture, laptops, company cars for senior management, housing or vehicle loans, retirement plans, relocation assistance, gym memberships, credit cards, phones, gratuity, and insurance. The Information Technology Act of 2000 provides a legal framework for electronic commerce and transactions, and establishes terms of service including pension and retirement benefits for officers of the Cyber Appellate Tribunal.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    Employee Welfare in IT Sector

    Uploaded by

    Shruthi M Das
    299 views10 pages
    Employee welfare in the IT industry can include benefits beyond wages to improve employees' comfort, intellect, and social lives. Common benefits provided include housing allowances or company-provided housing, furniture, laptops, company cars for senior management, housing or vehicle loans, retirement plans, relocation assistance, gym memberships, credit cards, phones, gratuity, and insurance. The Information Technology Act of 2000 provides a legal framework for electronic commerce and transactions, and establishes terms of service including pension and retirement benefits for officers of the Cyber Appellate Tribunal.

    Original Description:

    Employee Welfare in IT sector

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Employee welfare in the IT industry can include benefits beyond wages to improve employees' comfort, intellect, and social lives. Common benefits provided include housing allowances or company-provided housing, furniture, laptops, company cars for senior management, housing or vehicle loans, retirement plans, relocation assistance, gym memberships, credit cards, phones, gratuity, and insurance. The Information Technology Act of 2000 provides a legal framework for electronic commerce and transactions, and establishes terms of service including pension and retirement benefits for officers of the Cyber Appellate Tribunal.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    299 views10 pages

    Employee Welfare in IT Sector

    Uploaded by

    Shruthi M Das
    Employee welfare in the IT industry can include benefits beyond wages to improve employees' comfort, intellect, and social lives. Common benefits provided include housing allowances or company-provided housing, furniture, laptops, company cars for senior management, housing or vehicle loans, retirement plans, relocation assistance, gym memberships, credit cards, phones, gratuity, and insurance. The Information Technology Act of 2000 provides a legal framework for electronic commerce and transactions, and establishes terms of service including pension and retirement benefits for officers of the Cyber Appellate Tribunal.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 10

    Employee Welfare In IT Industries

    Introduction
    According to Todd, Employee Welfare means anything done for the comfort & improvement, intellectual or social, of the employees over & above the wages paid which is not a necessity of the Industry.

    Unique Features of E-Organization


    There are no generally accepted rules. Victory goes to the quick. Location doesnt matter . Integrated information is everything. Increase employee isolation, social isolation while helps in building a community.

    Benefits
    Housing: Provision of House Rent Allowance is the most common across all levels.
    Hard Furnishing: Mostly Provided to middle Management level and above. The revision of income tax rule for this benefit has resulted in reduced in tax shelter.

    Business Appliances: 20% of the organizations provide this benefit. These organizations extend this benefit in the form of laptop/computers. Company Car: Typically provided to the senior management employees. Housing loan: Organizations either provide the loan internally or tie up with financial institutions to provide the loan amount to employees. Vehicle Loan: Some organizations have the policy of providing other loans or personal loans which can be used for purchasing a vehicle.

    Superannuation: Long term retirement benefit which 33% of the organizations in the IT industry provide.

    Domestic Relocation: Benefits like travel fare, initial boarding and lodging experiences which are borne by the organizations for the employee and his/her family, along with assistance in moving goods.

    Information Technology Act, 2000


    The Act aims at providing legal recognition for transactions carried out by means of electronic data interchange and other means of electronic communications commonly referred to as "electronic commerce" which involve the use of alternative to paper based methods of communication and storage of information and aims at facilitating electronic filing of documents with the government agencies.

    According to Information Technology Act, 2000 : The salary and allowances payable to, and the other terms and conditions of service including pension, gratuity and other retirement benefits of the Presiding Officer of a Cyber Appellate Tribunal shall be such as may be prescribed.
    The salaries, allowances and other conditions of service of the officers and employees or the Cyber Appellate Tribunal shall be such as may be prescribed by the Central Government.

    A few other includes: Gym & Social Membership. Credit Cards. Telephone. Gratuity. Personal Accident Insurance.

    You might also like