B.C. Prabhakar, Chairman of BCP Associates and Pooja Prabhakar, CEO and Managing Partner of BCP Associates were invited by NHRD Bangalore Chapter to speak on the implementation of the new Labour Codes and their impact on the industry. In a concise and very well received presentation, Pooja focused on the Financial, Operational, Functional and Employee centric impacts
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Month: February 2021
Applicability of The EPF Act to Establishments rendering Expert Services : The Supreme Court Clears Conundrum
The provisions of the EPF Act have been made applicable to establishments which render expert services, such as supplying of personnel, advice on domestic or departmental enquiries, special services in rectifying pilferage, thefts and payroll, irregularities to factories and establishments on certain terms and conditions, as may be agreed upon between the establishment and the establishment rendering expert services, vide Notification dated 17.05.1971, in case such establishments employ
Most companies have been devising wage structure of their employees, basis their pay-out culture, employee category and at most, catering to tax implications on the employees. The usual norm has been to devise a Cost-to-Company structure, encompassing basic wages, variable pay-out, employee benefits and retirals. However, the same has not been free from loopholes, as regard compliance with various legislations concerning wages is concerned.