Legally Required Benefits In Context Of Pakistan.pptx

NAME: ASIM JAVED ROLL NO: 40

LEGALLY REQUIRED BENEFITS IN CONTEXT OF PAKISTAN  INDUSTRIAL AND COMMERCIAL EMPLOYMENT (STANDING ORDERS) ORDINANCE 1968  EMPLOYEE SOCIAL SECURITY ORDINANCE  THE EMPLOYEE OLD AGE BENEFITS ACT 1976  THE PAYMENT OF WAGES ACT 1936  THE WORKMEN’S COMPENSATION ACT 1923  FACTORIES ACT 1934

SOME REQUIREMENT BY LAW  Terms and conditions of service to be given in writing. e.g. contract period, probation period, salary structure etc.  Publication of working time, holidays and pay days. working time: notice giving the period and hours of work for all classes of workman each shift should be displayed on notice board.

Cont.. Holidays and pay days: Notice of holidays and pay days to be notified through notice board

Holidays And Leaves with Pay 14 days annual holiday ( consecutive) after one year of continuous service. carry forward 14 days leave Encashment of un-availed leaves is possible at quitting job. Festival holidays declared by Government. e.g. Eid holidays 10 casual leaves 16 sick leaves Other holidays in accordance with law, contract, custom and usage.

WORKING HOURS

Should not exceed 48 hours in a week (In seasonal factory 50-56 hours) Daily working hours must not exceed 9 hours (10) One hour interval for rest must be there One weekly off must there

PAYMENT OF WAGES

Payment of wages on a working day before the expiry of the 7th day after the last day of wage period. Unclaimed Wages pay day. After the termination of employment of the person, the wages earned shall be paid before the expiry of the second working day on which his employment is terminated. No wage period can exceed 1 month

BENEFITS REQUIRED  Group incentive scheme Incentive in form of Additional wages, leaves or combination of both

 Group Insurance Natural death, Disability and Injury

 Payment of 10-c Bonus e.g. Giving 1 month salary at year end if organization is making profit

 Half wage (1/2) to the worker for 14 days if worker is laid off.

Cont..  For permanent workman, one month notice is required before termination of employment. (other than misconduct)  Probation workers or contractual workers do not require any notice.  Gratuity is not required when provident fund is there. Gratuity= (One month salary)×(No. of years of service)

DEDUCTION WHICH MAY BE MADE FROM WAGES  Fines  Absence from duty  Deduction for damage to or loss  Deduction for house accommodation  Deduction for such amenities and services supplied by the employer e.g. pick and drop

 Recovery of advances  Income tax payable deduction of tax from salary

Cont..  Required by the order of court  Deduction for subscription to and for repayment of advances from any provident fund.  Payment to cooperative societies

BENEFITS

 Sickness benefits 365 days in case of TB or Cancer. 121 days in case of any other disease.  Maternity leaves allowed to women for a period of 12 weeks with full pay

 Death grant In case of death of secured person entitled for injury, sickness or medical care benefit. Ideal Benefits

Cont..

 Medical care during sickness and maternity. (depends upon medical insurance amount and days etc.)  Medical Care of dependents  Injury Benefits  Disability Pension If an employee sustains an employment injury and suffers an earning capacity loss of at least 67%. In this case, he is entitled to disability pension

Cont.. 

Disablement Gratuity

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Survivors Pension

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Old Age Benefits An employer is required to submit his and employee’s contribution to a bank designated by EOBI before 15th of every month. An employer has to pay contribution equal to 5% of the minimum wage while an employee has to pay that contribution at the rate of 1% of minimum wage.