How Group Gratuity Policy Benefits Your Institution?

September 13, 2024 ⚊ 1 Min read ⚊ Views 9 ⚊ BLOG

Discover the benefits of a Group Gratuity Policy for your institution, ensuring financial security for employees and enhancing retention. Organizations which has a minimum number of 10 employees since the past financial year becomes liable to pay gratuity.
Employers pay gratuity to workers who have completed five years of continuous service upon retirement or job departure. The Gratuity Act, 1972 mandates employers to provide a lump sum amount as gratuity.

Read details: https://securenow.in/insuropedia/how-does-the-group-gratuity-policy-benefits-your-institution/

Tags: gratuity calculation formula, group gratuity policy

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