Hi..all.........
Guys.........good news........cheers.........
Union Finance minister Mr Pranab Mukherjee, Chidambaram has approved a Bill which comes into effect
on 01.04.2012and it states that all Privately Held companies need to give
a minimum salary increment of 15% to all employees every year.
This comes as a relief to petitioners appealing against the growing work
hours in the Privately Held organizations and which do not have a proper
system to check overtime.
The bill also mentions that all employees be provided 20 days of casual
leave every year.
Please see the attached document for the list of companies which will be
brought under the umbrella of the Bill in the first round of
implementation.
And if the name of your company features in the list, kindly circulate this
mail among your colleague.