Paid leave keeps employees happy, but it also comes with a cost. How much? Actuarial valuation unlocks the answer. Leave schemes are an important part of the overall employee compensation package. It includes annual leave, sick leave, and other types
Continue ReadingEvery employee saves their paid leave days to encash them when they retire or resign from a company. It’s a common practice. According to Indian labour laws, each employee can take a specific number of paid holidays annually. These paid
Continue ReadingLeave encashment refers to the practice of an employer compensating an employee for the unused leaves or vacation days upon retirement, resignation, or termination. It is an important aspect of employee benefits and requires careful valuation to ensure accurate financial
Continue ReadingLeave encashment is a common practice in many companies where employees are paid for unused leave days. While this practice can be a great way to reward employees and improve morale, it can also be a significant expense for companies
Continue ReadingLeave Encashment Valuation Every salaried person, as per labor law, is entitled to a minimum number of paid leave every year, however, it is not necessary that an individual employee utilize leave balance at the time of retirement or resignation
Continue ReadingThe Actuarial Valuation of Gratuity is a method of valuing the value of an employee’s pension liability. It is used to determine how much money employers will have to pay out in pensions. The Actuary determines how much an employer
Continue ReadingWhat is IND AS 19? The Goal of the Indian Accounting Standard Ind AS 19 is to establish accounting and disclosure requirements for employee Benefits. Accounting according to Ind AS 19 criteria comprises both recognition and measurement. Furthermore, the accounting
Continue ReadingWhat is a Warranty? A Warranty is a form of guarantee given by a manufacturer or other similar entity on the condition of their product. It also refers to the conditions and circumstances under which repairs or exchanges will be
Continue ReadingFunding a Gratuity Scheme Gratuity is a portion of such a worker’s remuneration that is paid by his or her company in exchange for such tasks or services that the worker has provided to the organization. Funding a Gratuity Scheme.
Continue ReadingESOP Valuation – It’s a short position, which ensures that companies in an employee share scheme (ESOP) have no obligations as well as the ability to buy the equity assets at a specified price on a pre-determined date. This is
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