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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]