Importance of Employer Branding Concepts

Significance of Employer Branding Concepts Terms of references This report features the rising mindfulness for the advancement of Employer Branding idea and its advantages for the associations in present serious work showcase. The contention between powerful boss marking and workers rights and fulfillment toward association has been inspected in this report with explicit spotlight on the deceptive and controlling impact. Presentation Business marking is the view of representatives about an association as a work environment. Its intended for inspiring and protecting workers arrangement with the vision and estimations of the associations. From the HR viewpoint the idea was subsumed the more established term INTERNAL BRANDING that was basically the way toward imparting an associations brand an incentive to its worker. Business marking The idea of EMPLOYER BRANDING was made during the 1990s by Simon Barrow, who established People in Business (presently part of TMP Worldwide) and was the co-creator of The Employer Brand. 1 previously, Barrow had been a shopper merchandise brand administrator and headed up a publicizing office in London, however later turned into the CEO of an enlistment organization. He was quickly struck by the similitudes between the difficulties looked in advancing customer merchandise and in publicizing the qualities of an associations representative recommendation. Both, he perceived, required a solid brand, thus the idea of boss marking was imagined. Hand truck characterized the business brand as the bundle of utilitarian, financial and mental advantages furnished by work and related to the utilizing organization. Sullivan (2004) characterizes manager marking as a focused on, long haul technique to deal with the mindfulness and view of workers, likely representatives, and related partners concerning a specific firm. Ambler and Barrow (1996) characterize boss brand regarding the advantages it passes on representatives. As it were, the business brand speaks to the variety of financial, useful and mental advantages that a representative may get due to joining an association. Similarly as item marks pass on a picture to clients, a business brand passes on an authoritative picture to potential and current workers. In such manner, the business brand presents an incentive about what individuals may get because of working for a specific boss (Backhaus and Tikoo, 2004). These definitions show that business marking implies advancing and fa bricating a character and an away from of what makes an association unique and alluring as a business. It has likenesses with item and corporate marking however the key contrast is its greater business explicit. Enlistment and boss marking Building up a business brand is a blend of receiving vision, qualities, and practices, and conveying a help that demonstrates pledge to best practice and administration greatness. It starts with the enlistment procedure that offers number of instruments that can be utilized to make view of an utilizing association, these apparatuses are: 1. Employment ad and portrayal 2. Meeting process 3. Offer letters 4. Data pack for new enrollment specialists 5. Worker handbooks 6. Enlistment and preparing. The enrollment procedure is a significant method to assemble a positive connection between the association and worker. All through the strategy, the association can make a solid and positive view about them; even it very well may be stretched out to ineffective applicants too. At the point when representatives have acknowledged the truthfulness and exactness of the business brand, they will convey it forward, effectively elevating the brand to partners and clients. In any case, business marking which is essentially untruthful won't work and is probably going to be counter-profitable. Advantages of Employer Branding Long haul sway: Successful manager brand can impactsly affect enrolling for in any event five years exposing any significant PR issues encompassing the organization. Expanded volume of unconstrained up-and-comers: The quantity of candidates will build every year. At times, applications will increment by 500%. Greater competitors: Not just the amount however the nature of up-and-comers will improve significantly, people who could never have considered in the past will begin applying. Higher offer-acknowledgment rates: As work picture turns out to be better known and all the more remarkable, firms offer acknowledgment rates will improve significantly. Expanded worker inspiration: Employee inspiration will be simpler to keep up on account of representatives expanded pride in the firm and the better administration rehearses that are required to keep up a business of-decision status. A more grounded corporate culture: Because one of the objectives of business marking is to build up a reliable message about what its like to work and what it feel to be a piece of the association, business marking can help fortify firms corporate culture. Diminished corporate negatives: Effective marking programs distinguish and counter negative remarks about the association. Expanded director fulfillment: The subsequent higher caliber of competitors and higher offer-acknowledgment rate implies that employing administrators should give less an ideal opportunity to meetings, and they will be increasingly happy with the selecting capacity. An upper hand: Because work marking endeavors incorporate broad measurements and next to each other correlations with ability contenders, firms can guarantee that their ability the board approaches are separated and persistently unrivaled. Expanded investor esteem: The powerful and improved business picture can decidedly affect an organizations stock cost. Backing for the item brand: A work brand can bolster the corporate brand and related item marks on the grounds that numerous purchasers intellectually make the connection between drawing in quality representatives and delivering a quality item. The brand quintessence ought to sum up what the brand rely on, turning into the core for item advancement, all interchanges and even HR activities for workers. Its definition ought to likewise be reliable with the corporate vision/crucial qualities. For instance, Volvo is a genuine case of a brand depiction is Volvo Style, driving delight and predominant proprietorship experience while praising human qualities and regarding the earth. Volvos qualities and affiliations mirroring this brand personality are what are viewed as regularly Scandinavian for example nature, security and wellbeing, human qualities, rich straightforwardness, imaginative building and the soul of a la mode/creative usefulness. For Volvo, this depiction not just mirrors the psycho-realistic profile of the perfect client for their vehicles, yet in addition sums up what Volvo as an organization intends to every one of its laborers its boss image. These are characteristic qualities that Volvo laborers can identify with, what they trust in and why they feel great creation a promise to their employments. One can undoubtedly picture the sorts of HR programs that would rouse a feeling of pride and re-authorize these intangibles for example nature, wellbeing, security and other important human qualities. Living the brand LIVING THE BRAND is relating to an associations brand an incentive to such a degree, that workers practices fit precisely to the picture that the business is attempting to depict to its clients (Alan Price 2007). The arrangement between representatives conduct and estimation of associations brand picture is significant. It is recommended that associations need to guarantee that there is no hole between what the association is stating in the outside world and what individuals accept inside the business. The representatives ought to be seen as Brand envoy and brand advertising would possibly be fruitful in the event that they LIVE THE BRAND. From this viewpoint: 1. Associations have urged workers to purchase in to the business vision and qualities. 2. They need to guarantee that everybody in the association obviously comprehend the reason for the basic arrangement of qualities. As indicated by Ind (2004), the subjects talked about are probably going to hold any importance with HR and advertising specialists just as those associated with inner interchanges inside associations. Representatives themselves are required to disguise highlights and parts of the associations brand to guarantee that they become brand champions, in this way assisting with speaking to associations brand to the outside clients. Such a methodology quickly raises some fascinating issues identifying with uniformity and decent variety as it anticipates that every representative should share a specific arrangement of qualities and act as per these qualities. The representative marking approach being suggested by Ind raises various difficulties for those keen on a corresponde nce and decent variety plan. An association that plans to guarantee that workers are experiencing the brand will explicitly mean to draw in and enlist representatives who as of now share the estimations of the corporate brand. Moreover, those effectively utilized inside the association will be urged to disguise the estimations of the association. Plainly, there are issues for empowering decent variety here, with one of the standards of assorted variety the board being an acknowledgment and acknowledgment that individuals are extraordinary and singular contrasts (particularly of qualities) ought to be invited. Inalienably, a living the brand center is probably going to conflict with such a rule. Ind points out that empowering worker recognizable proof and responsibility to the associations brand esteems may prevent an articulation from claiming independence. In any case, Ind proposes that interior marking joined with permitting workers to be engaged will empower opportunity with requ est. Refusal of singularity (clothing standard strategy) With regards to proficient picture, numerous businesses are understanding that Standards of dress and individual introduction are fundamental consequently having an arrangement on clothing standard can be significant. Where the representatives meet clients, they go about as the shop window for the organization and the

Family Night Agenda Handout and presentation

Family Night Agenda Handout and introduction Point for family night The subject of my family night is one that numerous families around the globe can identify with very well indeed. For my family night, the primary plan will be to talk about the issue of medication misuse given that it is among the numerous social and medical issue that influence numerous families in the society.Advertising We will compose a custom basic composing test on Family Night Agenda Handout and introduction explicitly for you for just $16.05 $11/page Learn More Almost every family unit is somehow influenced by tranquilize misuse and all things considered, it is essential to examine and make mindfulness about this issue as this could help debilitate sedate maltreatment among relatives and assist one with finding support on the off chance that she or he is now in the issue. Ice breaker action Discussions about medication misuse may include opening up, getting some information about touchy issues and this must be conceivable once everybody is loose and fe eling as an integral part of the conversation. One method of urging this is to draw in an ice breaker action which for this situation will be a pleasant movement. Our great action will include all the relatives composing four things about themselves of which three are to be valid and just a single bogus. The papers will at that point be traded with the goal that an alternate individual peruses another’s sentences to the family so the relatives can endeavor speculating which of the sentences isn't right. After all the estimates, the essayist will uncover an inappropriate sentence of the four and afterward the following arrangement of inquiries will be perused out. This will proceed until all the papers are perused out. Aside from being a great movement, it will likewise help the relatives know each other more and feel more calm around each other. Breakdown of occasions The conversations are intended to keep going for approximately an hour and we will start by characterizing wh at we as a whole comprehend by medicate misuse and why we think individuals take part in sedate maltreatment. Given the trouble that many find in conceding that they have a medication misuse issue, the family night will examine signs that can assist one with recognizing and realize that the individual in question is manhandling drugs and what steps to take towards handling this issue. The conversations will likewise cover the jobs that guardians or gatekeepers should play in debilitating this bad habit particularly among the young. These conversations will involve everybody being urged to voice their assessments and pose any squeezing inquiries. Book that covers the motivation As a method of getting a more profound comprehension on the impacts of medication maltreatment in the general public, we will outline some distributed data on the issue and suggest that everybody peruses a specific book, investigates a specific site, and discover increasingly about the exercises of a network b ased center.Advertising Looking for basic composition on wellbeing medication? How about we check whether we can support you! Get your first paper with 15% OFF Learn More For this theme, one of the books that best investigates the issue of medication maltreatment in the general public is â€Å"The etiology and anticipation of medication maltreatment among minority youth,† which is created by Gilbert J Botvin and Steven Schinke and distributed in 1997 by Haworth Press Incorporated. In synopsis, the book inspects issues identified with racial personality, the utilization of liquor and pot by youngsters and also, recommends a few different ways of handling this issue by including the entire network. Site that covers the motivation The site that agreeably covers our plan for the family night is â€Å"Panorama† and is found at https://www.tigweb.org/youth-media/scene/article.html?ContentID=4223. This site widely covers the threats identified with medicate maltreatment in th e general public, particularly by the young. Network asset that tends to the issue There are various focuses that can be useful in giving data about medication misuse and for our family plan, we will investigate the exercises of the New Hope Recovery Center, which is arranged in Chicago at of Lincoln square region.

MIT Outing Club Ice Climbing

MIT Outing Club Ice Climbing A critical factor in getting outdoors is having something to do, and for most people, they go through a rotation as the year goes round and temperatures and conditions rise and fall. For me, summer and fall mean rock climbing, and winter and spring mean skiing. But Ive become more and more interested in adding a few new winter sports to the mix, and the one Ive had my eye on the most is ice climbing. If you want the technical definition of ice climbing, I dont know it. But a laymans definition might be something like trying to get up cold vertical stuff using axes and crampons and an assortment of other tools, just like climbing makes use of your hands and feet to get up not-that-cold vertical stuff. The gist of it is you swing these ice axes up over your head, sinking them into an ice sheet deep enough for you to support yourself on, and kicking spikes on your feet into that same ice sheet to stand on. Climbing is a motion somewhat like climbing a ladder: Hang on left arm, place right foot, stand on right foot, place right arm, hang on right arm, place left foot, remove left arm, remove right foot, stand on left foot, place left arm, and repeat. (If thats not how you climb a ladder.well I dont know what to tell you. But thats what it look like to me.) The nuts part comes due to the fact that your covered in sharp objects in the freezing cold, trying to manage your temperature, and that ice is not just ice the world around. What youre looking for is plastic ice. The sort of stuff thats just the right mix so that your tools sink in without breaking the stuff, but its not so soft that they pop out. But as temperatures change, and layers of ice build up, sometimes the good stuff is buried beneath a layer of rotten ice, which is really brittle and doesnt like to be hit with the sharp point of an axe (hey, cant blame it. I dont either). So how do you tell the difference? You cant really. Its a lot of feel and intuition, so you take a swing and sometimes it sinks in, other times it sends ice chunks sailing into your face, or onto your belayer(more on that in a second). And to add to the confusion, it changes from day to day and even through the course of the day. And sometimes even solid swings in plastic ice have a tendency to pop off. Just the nature of it. You may wonder how on earth someone is supposed to do something productive with so many unknown variables (I call this engineers cripple: (n) the illusion of inability to proceed or decide without more data to resolve uncertainty). Well you just do, and it doesnt seem to bother ice climbers very much. But theres ample reason to suspect anyone whos willing and in fact seeking out the opportunity to venture out into the bitter cold to place themselves on sheer vertical surfaces for fun may in fact be insane. Luckily, there are a surprising number of insane people at MIT, and a subset of them are of the ice climbing variety, so opportunity knocked and I answered with my pack and boots. We left Saturday evening to get to the MITOC cabin (Camelot) up in NH for the night, so that we could get an early start the next morning. When we got to the cabin, it was a balmy 0F outside, and by early morning Ive been told it dropped as low as -8F. Looked like we were going to be in for quite a bit colder than the forecasted low of 18. But thankfully by the time we hiked up to the crag in Rumney, being in the sun warmed us up, and it turned out to be a nice day. I managed to put together this video of the place we were climbing, and some of my first ascents in ice. Hope you enjoy it! (take a close look at 3:47, when I knock off a sizable chunk of ice that hits my belayer square in the head. Thats why you wear a helmet!)

Example Sentences of the Verb Hold for ESL

This page provides example sentences of the verb Hold in all tenses including active and passive forms, as well as conditional and modal forms. Base Form hold / Past Simple held / Past Participle held / Gerund holding Present Simple They usually hold meetings on Mondays. Present Simple Passive Meetings are usually held on Mondays. Present Continuous The manager is holding a meeting at the moment. Present Continuous Passive The annual meeting is being held this morning. Present Perfect He has held many positions at this company. Present Perfect Passive The position has been held by three different employees this year. Present Perfect Continuous Peter has been holding that jewel in his hands for the past half an hour. Past Simple He held up the traffic to let the children pass. Past Simple Passive The children were held up as examples to all. Past Continuous We were holding a meeting when she burst into the room with the news. Past Continuous Passive A meeting was being held when she burst into the room with the news. Past Perfect They had already held the discussion when I arrived late. Past Perfect Passive The discussion had already been held when I arrived late. Past Perfect Continuous Mary had been holding her ground for more than an hour when she finally gave in to his request. Future (will) Alice will hold the auction. Future (will) passive The auction will be held by Alice. Future (going to) Alice is going to hold the auction tomorrow evening. Future (going to) Passive The auction will be held tomorrow evening. Future Continuous We will be holding a drink in our hands this time tomorrow. Future Perfect She will have held three different positions by the time she retires next month. Future Possibility She might hold a meeting to discuss the idea. Real Conditional If she holds a meeting, I will attend. Unreal Conditional If she held a meeting, I would attend. Past Unreal Conditional If she had held a meeting, I would have attended. Present Modal She must hold a meeting soon. Past Modal She cant have held a meeting without John. Quiz: Conjugate With Hold Use the verb to hold to conjugate the following sentences. Quiz answers are below. In some cases, more than one answer may be correct. A meeting _____ when she burst into the room with the news.The children _____ as examples to all yesterday.The manger _____ a meeting at the moment.They _____ already _____ the discussion when I arrived late.If she _____ a meeting, I will attend.Alice _____ the auction.If she _____ a meeting, I would have attended.They usually _____ meetings on Mondays.Meetings _____ usually _____ on Mondays.He _____ up the traffic to let the children pass yesterday afternoon. Quiz Answers was being heldwere heldis holdinghad heldholdswill holdhad heldholdare heldheld

A Systematic Theory Of Population Theory - 1611 Words

According to the Economic Thought textbook the summary of Malthus Population Theory deals with the misery and poverty among the lower classes of every nations. Thomas Robert Malthus was the first economist to propose a systematic theory of population. He states that a population when unchecked leads to population grow exponentially (i.e., doubling with each cycle) while food production grows at an arithmetic rate (i.e. by the repeated addition of a uniform increment in each uniform interval of time). Therefore, he mentions that there are two categories in which the increased population should abide by in order to support the operation on population growth. These includes: preventive that deals with moral constraints and â€Å"positive† checks. Moreover, the preventive checks to population growth are those that reduce the birth rate, which is seen as a deliberate decision by men to refrain from â€Å"pursing dictate of nature in an early attachment to one woman, i.e. to marry later in life than had been usual and only at a stage when fully capable of supporting a family. However, this implies that Malthus was interested in maintaining a large, hard-working, poorly paid population than he was in establishing really effective measures of limiting human reproduction. Another notion is positive checks is any causes that contributes to the shortening of human lifespans. It includes: poor living and working conditions which might give rise to low resistance to disease, as well as moreShow MoreRelatedIntelligent Design: A Bona Fide Theory Essay1278 Words   |  6 Pagesin an intelligent designer who created the universe and humanity. According to Discovery Institute (n.d.), â€Å"The theory of intelligent design holds that certain feature of the universe and of living things are best explained by an intelligent cause, not an undirected process such as natural selection† (para.1). Although intelligent design is quickly becoming regarded as a scientific t heory with more than 50 peer-reviewed journals published, as of now there is no tolerance for it to be taught in America’sRead MoreDifferent Methods Of Qualitative Research1313 Words   |  6 Pagesphenomenology, grounded theory, ethnography and case study. The narrative approach retells a person’s story across time; it explores what the story means and the lessons to be learnt from it. The goal of phenomenological research is to describe participants’ experiences in a specific context and understand a phenomenon. Grounded theory research looks at a process, an action or an interaction with the goal of developing a theory. 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As a result of the increasing evidence of modifying the built environment through policy interventions (Kahn et al., 2002), the Center ofRead MoreEvaluation Of A State Physical Activity Plan935 Words   |  4 Pagesdoesn’t) Problem Statement While research on physical activity promotion has historically been on the impact of individual-level behavioral interventions, there has been substantial progress in identifying the role of policymaking in creating population-wide improvements (Brownson et al., 2007; Frank Kavage, 2009; Humpel, Owen, Leslie, 2002). As a result of the increasing evidence of modifying the built environment through policy interventions (Kahn et al., 2002), the Center of Disease ControlRead MoreCorrelation Between Traits Found On The Autistic Spectrum And Mathematical Ability1531 Words   |  7 Pagesstudies over the years have given support to the theory that ASD and AS are hereditary disorders (Baron-Cohen et al., 2001). In the UK Autism has an estimated prevalence rate of 1.1% and is thought to be under diagnosed in females (The NHS Information Centre, 2012). The Autism Spectrum Quotient (AQ) is a self report questionnaire developed as an easier, less time consuming way to measure traits associated with ASD and AS in anyone within a population (Baron-Cohen et al., 2001b). The AQ considersRead MoreThe Theory Of Health Literacy788 Words   |  4 Pagesperspective, researchers assessed the concepts of â€Å"health communication, health disparities, health literacy, literacy, microrange theory, military health system, patient education, theoretical framework, universal access† (p. 308). To study the phenomenon of health literacy, they â€Å"present a conceptual framework adapted for use in studying health literacy in population groups with universal access to care† (p. 309). The â€Å"Health Literacy Framework (HLF)† †¦ â€Å"is an interactive model that places literacyRead MoreExternal Reality Of Facts Is Based On Previous Knowledge Essay1391 Words   |  6 Pagesacceptance of the reliability of knowledge gained by experience to provide empirical evidence (evidence which is verifiable by observation) to support or refute its theories. 3.3 Literature Review According to Montgomery Robinson et al (1991) and Clamp (1984), ‘Nursing research is providing a link between practice, education and theory, thereby making it essential for all nurses to become knowledgeable consumers or for the minority research doers. Research problem is a situation in need of a solutionRead MorePsychoanalytical Theory and Cognitive Behavior Theory1567 Words   |  7 PagesREVIEW Journal Review: An assessment of contemporary studies to Psychoanalytical theory and Cognitive Behavior theory. 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What is Academic Integrity Free Essays

Academic integrity goes well beyond the limits of any classroom online or off. I believe all students should act with personal respect, integrity, and dignity. That means doing the right thing, even when no one is over your shoulder. We will write a custom essay sample on What is Academic Integrity? or any similar topic only for you Order Now You must your own work, write your own papers and properly citing your resources. When people know that you believe in doing the right thing, are honest, fair, and trustworthy. It shows your behavior is consistent and lets people know to trust your word. For me, I believe It provides and adds more value to your degree knowing you did it fair and honestly. In the workplace, a lot of employers are looking to hire not just graduates but people whom they believe have integrity and have earned their degree honestly. There’s is no honesty in cheating at all. They are looking for someone they believe will be a positive influence and know will carry out their company’s mission. Plagiarism is when you hire someone else to write your paper when you purchase papers, or ask someone else to do your homework or do your test for you. It can also refer to copying the ideas, exact wording, or data without giving credit to the author. You need to trust yourself and your work without taking credit for things you didn’t write. Three examples of infractions that violate the Student Code of Academic Integrity are Fabrication, Misrepresentation, and Self-Plagiarism. Violating any of these three infractions can result in Failing grades for the work and course. A warning letter, and suspension. At the University of Phoenix, we are given resources to avoid plagiarism like the plagiarism checker, allowing enough time for research, and instructions on different ways to use quotation marks for anything your copy. Finally, having academic integrity is important because it personally offers you peace of mind knowing that you believe in doing the right thing, and are always trying to act consistently within those beliefs. It also reduces a lot of unnecessary stress in your life, making you happier, healthier, critical thinking is advanced and you learn more. The assignments you are given in school are meant to help you learn, and the grades you receive for your work show you how well you learned. Therefore, it is important that you complete your work without cheating or being dishonest. As a student, it is best to trust yourself and to approach all your work honestly and integrity. A lot of times we let pressure lead us down the wrong path and don’t appreciate or value what we get from the overall experience. How to cite What is Academic Integrity?, Papers

Employees Provident Funds Act, 1952 free essay sample

Any establishment registered under Cooperative Societies Act or State law relating to cooperative societies, employing less than 50 persons and working without paid of power To any establishment belonging to or under Control of Central Government or a State Government and whose employees are entitled to benefit of contributory provident fund or old age pension. To any establishment set up under any Central or State Act and whose employees are entitled to benefit of contributory provident fund or old age pension. Administration of the fund [section 5(1A)]. Both employer and employee have to pay contribution at prescribed rates. These amounts are credited to a fund. The fund vests in and is administered by Central Board. Employees Covered Under the scheme As per section 2(f), â€Å"employee† means any person who is employed for wages in any kind of work, manual or otherwise, in or in connection with the work of an establishment, and who gets his wages directly or indirectly from the employer. We will write a custom essay sample on Employees Provident Funds Act, 1952 or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Thus, Persons employed through contractor in connection with work of establishment are covered Apprentices employed under Apprentices Act or under standing orders of establishment are disqualified, i. . they are not employees. [The model standing orders merely state that an ‘apprentice’ is a learner who is paid an allowance during the period of his training]. Non-eligible Employees Under PF Employee whose ‘pay’ is more than Rs. 6,500 per month are not eligible. Apprentices as per certified standing orders or under Apprentices Act Casual employees. However, employees employed through contractors have also to be covered under PF. Employee to Become member of Fund Immediately on Joining Every employee employed in or in connection with work of a factory or establishment to which the Act applies is entitled and required to become member of Provident Fund, unless he is an disqualified employee. Contribution by Employer Employee As per section 2(c) â€Å"contribution† means a contribution payable in respect of a member under a Scheme or the contribution payable in respect of an employee to whom the Insurance Scheme applies. As per section 6, contribution shall be paid by employer @ 12% of basic wages plus DA dearness allowance plus retaining allowance. This amount is defined as ‘pay’. Employees Provident Fund Scheme This is the main scheme under the Act. Both employer and employee have to pay contribution to Provident Fund. The employer has to deduct contribution of employee from the salary of employee and has to pay both employees’ contribution as well as employer’s contribution by a challan in prescribed form. The amount has to be paid in approved bank. EMPLOYEE CAN PAY HIGHER CONTRIBUTION Employee has to contribute 12% of his pay as contribution. The employee can voluntarily pay higher contribution above the statutory rate. However, employer does not have to match the voluntary contribution, over and above the statutory rate. Contribution Payable under PF scheme The Principal Employer is liable to pay contribution of his own employees as well as employees employed through contractor. Principal Employer can recover from contractor the amount paid by him on behalf of contractor. The contribution is 12% of ‘pay’ i. e. basic wages, plus dearness allowance, cash value of food concession and retaining allowance. Contribution of both employer and employee is same i. e. 12% each. Employer has to pay his contribution to EPF. He cannot deduct his contribution from wages of the employee. However, he has to deduct employee’s share from his salary and pay the same in EPF scheme. This deduction can be only from the wages pertaining to period for which contribution is paid. However, if there is accidental omission, the amount can be recovered later. Amount deducted from salary of employees is held in trust by the employer or contractor. The balance will be retained in the EPF scheme. Thus, on retirement, the employee will get his full share plus the balance of Employer’s share retained to his credit in EPF account. Lower Contribution in certain cases The employers and employee’s contribution is 12% each. This is applicable to many of industries and establishments. However, this contribution is not applicable to – â€Å"any establishment employing less than 20 persons† any establishment registered with Board for Industrial and Financial Reconstruction (BIFR) as a sick company the lower rate of contribution continues till its net worth is positive * any other establishment which has accumulated loss equal to or more than its assets and has also suffered cash loss in last two years. Jute industry , Beedi industry ,Brick industry other than the spinning sector. In these cases, the contribution is 10%. Transfer of accounts (1) Where an employee employed in an establishment to which this Act applies leaves his employment and obtains re-employment in another establishment to which this Act does not apply the amount of accumulations to the credit of such employee in the Fund or as the case may be in the provident fund of the establishment left by him shall be transferred within such time as may be specified by the Central Government. Investment The amount received by way of provident fund contribution is invested by the board of trustees in accordance with the investment pattern approved by the government of India. The members of the provident fund get interest on the money in their provident fund accounts. The rate of interest for each financial year is recommended by the board of trustees and is subject to final decision by the government of India. 2) Where an employee employed in an establishment to which this Act does not apply leaves his establishment and obtains re-employment in another establishment to which this Act applies the amount of accumulations to the credit of such employee in the provident fund of the establishment left by him may if the employee so desires and the rules in relation to such provident fund permit be transferred to the credit of his account in the Fund The Employees Pension Scheme, 1995 Applicability EPS, 1995 applies with effect from 16. 11. 995 to all establishments to which EPF, 1952 and 1971 were applicable. Eligibility Employer’s and employees’ contribution Protection of provident fund Pensionable salary Pensionable service Formula for calculation of pension Monthly members’ pension = Pensionable salary * pensionable service 70 Employees’ family pension scheme For the purpose of providing family pension and life insurance benefits to the employees of any establishment or class of establishment to which the act applies. the scheme is applicable to all subscribers of employers’ provident fund. Contribution The employees contribution of 8. 33% will be diverted to the fund of pension scheme. Employers contribution is 12%. In such cases, 8. 33% is diverted to pension scheme and balance 1. 67/3. 67% as the case may be, will be in credit of employee’s name in provident fund account. family pension fund from and out of provident fund contributions payable by the employer and employee in each month, a part of the contribution representing one and one and 1/6 the percent from and out of employees contribution is remitted by the employer to the family pension fund. Benefits under the scheme: Members will get pension on superannuation or retirement from service and upon disablement during employment. Family pension will be available to widow/widower for life or till he/she remarries. In addition, children will be entitled to pension, up to 25 years of their age. Employees’ Deposit Linked Insurance Scheme The Central Government may by notification in the Official Gazette frame a Scheme to be called the Employees’ Deposit-linked Insurance Scheme for the purpose of providing life insurance benefits to the employees of any establishment or class of establishments to which this Act applies. Deposit-linked Insurance Fund into which shall be paid by the employer from time to time in respect of every such employee in relation to whom he is the employer such amount not being more than one per cent of the aggregate of the basic wages dearness allowance and retaining allowance (if any) for the time being payable in relation to such employee. The employer has to pay contribution equal to 0. 50% of the total wages of employee, in addition to administrative charges of 0. 1% of total wages. The employee need not contribute any amount too the scheme. The salary limit for coverage of employees in same as that of provident fund.