Important and Useful updates for 2014

I would be periodically publishing some important and useful updates for 2014, which are beneficial for all; especially HR professional can use this information to update their people.

Incase, if there are any updates, which you want to include in here, you can share the same at sahilsurvase@gmail.com.

23^rd Jan’14

- Finance Ministry approves Rs 1,000 minimum monthly pension plan.

The Finance Ministry has approved a proposal for providing a minimum monthly pension of Rs 1,000 to workers in the organised sector, a move which would benefit 27 lakh pensioners immediately.

The government will provide additional subsidy of Rs 1,217 crore to ensure the minimum monthly pension of Rs 1,000 starting 2014-15. Pensioners are, therefore, expected to get benefit with effect from April 1 this year.

The ministry has also approved a proposal for raising the basic wage ceiling under the Employees Provident Fund Scheme to Rs 15,000 from existing Rs 6,500 per month.

13th Jan'14

- Retirement fund body EPFO

Emotional Intelligence (EI) Vs Intelligence (IQ)

What is Intelligence?

It is the ability to understand and learn things quickly.

Since our childhood, we keep listening to this word intelligence. We all want to be an intelligent person.

Do you really think intelligence is good enough to get you success in your life?

Art of Decision Making

What is Decision Making?

Decision making can be regarded as the cognitive process resulting in the selection of a course of action among several alternative scenarios. Every decision making process produces a final choice. The output can be an action or an opinion of choice.

Decision making is an Art. We take numerous decisions on day to day basis in our personal and professional life using one the decision making styles mentioned above. Right from what time to get up in the morning to what time to sleep is the result of decisions which we take.

In corporate world, we all keep hearing that, person should have an ability to make quick and appropriate decisions to become effective contributor in his role and for organization.

Effective Recruitment Practices

Effective Recruitment Practices

This is not an exhaustive article on Recruitment Practices. In this article I am trying to highlight my experience and certain observations to make Recruitment process and Role of BUHR more effective.

According to me, Recruitment/Talent Acquisition is the vital function in the organization. The more mature this process is you will get right talent for your business, leading to its success.

Today in many organizations Talent Acquisition is a separate function and specialized people takes care of this activity in the organization.

This was the need of the hour in Mid-size to Large organizations as HR Generalist was finding it to difficult to take care of all activities. It is very important to devotee quality time and to have mature process to get right talent, then just running behind numbers and closures of the position.

STATUTORY COMPLIANCE - CHECK LIST

This Compliance – Check List is an indicative list and not substitute for legal opinion and that the concerned should contact Legal before acting or forbearing to act based on this information.

This checklist is more applicable to organizations having operational in the state of Maharashtra.

COMPLIANCE - CHECK LIST
ACTS	Compliance Requirement
MINIMUM WAGES ACT 1948	Abstract of the Act in English and local language-display
	Minimum amount of wages to be paid  to its employees
	Muster Roll-cum-Wage Register to be maintained  in Form II
	Inspection Book to be maintained
	Abstract of the Act in English and local language-display
	Minimum amount of wages to be paid  to its employees
	Muster Roll-cum-Wage Register to be maintained  in Form II
	Inspection Book to be maintained
	1.Abstract of the Act in English and local language-display  2.Minimum amount of wages to be paid to its employees,    3.Muster Roll-cum-wage register to be maintained in Form II,  4. Inspection Book to be maintained Note:  As per the Minimum Wages Act every State must prescribe separate rules which shall be followed by the establishments in that State, thus as per Maharashtra Minimum Wages Rules 1963 the above compliances are correct.  You will have to verify the compliances for the other States as per their respective rules. ***There is no annual return in form III prescribed under Maharashtra Rules.