Benefits Essay Example | Topics and Well Written Essays - 500 words

Benefits - Essay Example Article 14 also addresses the benefits for the disable employees either accidently or permanently. Advantages can be given to the employees who were former to companies died within the time of one year of their resignation and accidental deaths without the negligence are paid even after more than one year resignation from the companies by the employers. This article effects the people who are in job and who are providing jobs. The idea of retirement is a very foremost idea and a mean to retain their efficient employees. This inspiration also develops the loyalty among the employees towards the organizations and sense to remain adheres to employers so that find work-life balance. My view for this discussion is because when the workers feel that employer or the organization’s management is concerned about their lives on the job and here after i-e after job, they would not be more reluctant to contribute little past of their wages and salaries to the funds created. The retirement benefits include the employees with 20 minimum and 30 maximum years of service credits. For example elaborating the concept of escalation, the employee working in an organization has service credit less than 25 years but more than 20 years qualify the benefits of partial escalation. And the worker with full or more than 25 years of service tenure is a qualified for the advantages of full escalation. Escalation basically is a process in which increment and decline is done in the amount each year in the month of April on the basis of â€Å"cost of living† index. Academia can get to know the benefits prevailing regarding the retirement of employees. The basic objective attached to this perspective is to get contribution by the employees and to eliminate reluctance for the contribution made for the funds from the employees’ salaries. Business world can inculcate this initiative in their employee management programs so that they could increase the performance of the