What is Labour Welfare Fund

Labour Welfare Fund: LWF Meaning in Salary, Its Benefits and Importance

April 16th, 2024 by

The Labour Welfare Fund (LWF) is an important contribution by employees and employers. The LWF Act was first mentioned under the provisions of the Industrial Disputes Act of 1947. Since then, it has been implemented in 16 states (the list is mentioned below).State governments deduct this fund to provide various welfare initiatives for employees and […]

Read More
relieving letters

A Short Guide on Relieving Letters: What Are They and How to Write One? [Format & Sample Included]

October 17th, 2023 by

When an employee leaves a company, he/she needs an official document confirming the company’s agreement to their resignation. This official document is known as a Relieving Letter. It allows HR professionals to record important dates and protect the company with backup documentation of events whenever required. However, learning more about this letter and how to […]

Read More
chro business acumen

What Are the Top 6 Benefits of Strengthening the CHRO’s Business Acumen?

October 9th, 2023 by

Business acumen is crucial for any company’s Chief Human Resources Officer (CHRO) as it enables them to align HR strategies. Strengthening a CHRO’s business acumen means making informed decisions regarding talent acquisition, development, and retention. It enhances workforce effectiveness and contributes to the company’s bottom line. Moreover, business acumen helps the CHRO identify and mitigate […]

Read More
innovative team names

Transforming Your Workplace for Success: The Power of Team Names

October 5th, 2023 by

Do you know the hidden force that binds employees together? Or the fuel that ignites a mutual fire of coordination in the workplace? It’s not about special training sessions, strict rules to follow, or any automation software. It’s simply about Innovative Team Names that you can give to your teams. Yes, you read it absolutely […]

Read More
organisational citizenship behaviour

What is Organisational Citizenship Behaviour (OCB)? 5 Traits of OCB Included!

September 26th, 2023 by

What would you call it when an employee selflessly goes the extra mile, supporting his/her colleagues without expecting anything in return? There’s a term for this remarkable trait known as Organisational Citizenship Behaviour or OCB. It’s not just a term; it’s a concept that holds the key to unlocking the power of a positive, productive, collaborative […]

Read More
salary negotiation hr

How to Negotiate Salary with HR? 7 Worth Knowing Tips?

September 22nd, 2023 by

We want to work, yes, but also earn a good salary; at least a fair salary. It doesn’t happen… much. In fact, we saw recently that, according to a survey carried out by Mint Life, 58% of Millennials do not consider salary negotiation with HR. In the same survey by Mint Life, 1 out of […]

Read More

What is CTC in Salary? Difference Between Paychecks and CTC

April 28th, 2023 by

In human resource terms, the full form of CTC in salary means the cost-to-company. Basically, it is the total cost spending on an employee in a month by an employer. The cost-to-company (CTC) includes the employee’s salary, allowances, bonuses, and any other cost of benefits. In some cases, it may also include the cost of […]

Read More

What is UAN (Universal Account Number)? A Mini Guide!

March 22nd, 2023 by

A Universal Account Number (UAN) is a unique 12-digit identifier. The Government of India assigns it to each salaried employee. We can use UAN for various purposes, including tracking funds, claims/contributions, and many more. In this blog post, we will explain what a UAN is and how to generate one for you. So whether you’re […]

Read More

What is Job Poaching? Legal or Illegal in India?

March 20th, 2023 by

When an employee possesses highly looked-up after skills and experience, it is common for companies to want to attract these employees so they can have better talent at their organization. You will be able to get more attention from organizations if you have these skills. They will be willing to pay you more and provide […]

Read More