http://www.bonikbarta.com/2016-03-12/news/details/69135.html
Banglalink voluntary retirement known as voluntary separation scheme(VSS) given 4 months basic salary and for every year four months basic salary upto 30 months.
Earlier Brac also started such program where they offered four months basic salary and 1.5 to 2 times gratuity per year.
Voluntary Separation Scheme (VSS) or a Mutual Separation Scheme (MSS)
http://e-hrminc.blogspot.com/2011/08/what-is-voluntary-separation-scheme-vss.html
In some countries, organization may need to get approval from the government (e.g., Ministry of Human Resources; Labour Dept; etc.). One of the criteria the government considers in approving VSS is that the organization is losing money for a certain period of time or has implemented other alternative cost cutting measure before resulting to retrenchment / VSS.
Rule #1: Realize that you must always be looking.
You’re always one new boss away from being on the street. You are always one re-organization away from getting your hat handed to you. You are just one job elimination away from being pink
Understand that loyalty is for your family.
Monthly minimum wage rate world wide
http://thehearttruths.com/2014/11/05/this-is-what-is-wrong-in-singapore-now-are-you-willing-to-see-it/
Voluntary Retirement Scheme/Voluntary Separation Scheme for the employees of Public Enterprises. (DPE O.M. No. 2(32)/97-DPE(WC)GL-XXXV dated 8th December, 2000)
http://dpe.nic.in/about_dpe/dpe_guidelines/voluntary_retirement_scheme/glch084
Luton Council UK voluntary separation scheme
http://democracy.luton.gov.uk/
lay off just get 50 percent
http://www.yourarticlelibrary.com/hrm/top-5-forms-of-employee-separation/35326/
Layoff implies denial of employment to the employees for reasons beyond the control of employe
According to the Section 25© of the Industrial Disputes Act, 1947, a laid off worker is entitled to compensation equal to 50 per cent of the basic wages and dearness allowance that would have been payable to him had he not been laid off.
However, the worker needs to satisfy the following conditions to be entitled to the compensation:
(i) Should not be casual worker
(ii) His name should appear in the muster roll of the establishment.
(iii) Have completed not less than one year of continuous service.
Retrenchment means permanent termination of an employee’s services for economic reasons.
The Industrial Disputes Act, 1947 makes it obligatory for organisations employing 100 or more employees to give three months’ notice to the employee to be retrenched and also seek prior approval of the Government.
n other organisations, employee must be served one month’s prior notice in writing indicating the reasons for retrenchment. He/she should be paid compensation equal to 15 days’ wages for every completed year of service. As and when there is need for employing people in future, the retrenched employee must be given preference.
Banglalink voluntary retirement known as voluntary separation scheme(VSS) given 4 months basic salary and for every year four months basic salary upto 30 months.
Earlier Brac also started such program where they offered four months basic salary and 1.5 to 2 times gratuity per year.
Voluntary Separation Scheme (VSS) or a Mutual Separation Scheme (MSS)
http://e-hrminc.blogspot.com/2011/08/what-is-voluntary-separation-scheme-vss.html
In some countries, organization may need to get approval from the government (e.g., Ministry of Human Resources; Labour Dept; etc.). One of the criteria the government considers in approving VSS is that the organization is losing money for a certain period of time or has implemented other alternative cost cutting measure before resulting to retrenchment / VSS.
Rule #1: Realize that you must always be looking.
You’re always one new boss away from being on the street. You are always one re-organization away from getting your hat handed to you. You are just one job elimination away from being pink
Understand that loyalty is for your family.
Monthly minimum wage rate world wide
http://thehearttruths.com/2014/11/05/this-is-what-is-wrong-in-singapore-now-are-you-willing-to-see-it/
Voluntary Retirement Scheme/Voluntary Separation Scheme for the employees of Public Enterprises. (DPE O.M. No. 2(32)/97-DPE(WC)GL-XXXV dated 8th December, 2000)
http://dpe.nic.in/about_dpe/dpe_guidelines/voluntary_retirement_scheme/glch084
Luton Council UK voluntary separation scheme
http://democracy.luton.gov.uk/
lay off just get 50 percent
http://www.yourarticlelibrary.com/hrm/top-5-forms-of-employee-separation/35326/
Layoff implies denial of employment to the employees for reasons beyond the control of employe
According to the Section 25© of the Industrial Disputes Act, 1947, a laid off worker is entitled to compensation equal to 50 per cent of the basic wages and dearness allowance that would have been payable to him had he not been laid off.
However, the worker needs to satisfy the following conditions to be entitled to the compensation:
(i) Should not be casual worker
(ii) His name should appear in the muster roll of the establishment.
(iii) Have completed not less than one year of continuous service.
Retrenchment means permanent termination of an employee’s services for economic reasons.
The Industrial Disputes Act, 1947 makes it obligatory for organisations employing 100 or more employees to give three months’ notice to the employee to be retrenched and also seek prior approval of the Government.
n other organisations, employee must be served one month’s prior notice in writing indicating the reasons for retrenchment. He/she should be paid compensation equal to 15 days’ wages for every completed year of service. As and when there is need for employing people in future, the retrenched employee must be given preference.
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