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Da the employees would get a fixed increament as per the previous "Pay Commission's" recommendation.

In this case, to adjust the net salary against the Inflation Rate of the area, the Government gives "Dearness Allawance" [%age of Basic salary] which practically is an increament in their basic salary as everything else is then calculated based on "Basic+DA". i.e. if 20% House Rent on basic is given as allowance, it will then be converted to 20% of "Basic + DA" DA is calculated as a percentage of Basic Salary of the person... It is given on the bases of the Inflation rate which is calculated from CPI (Consumer Price Index) of that geographical area.. Epf The retirement fund scheme in India which provides benefits to salaried people is known as Employees Provident Fund (EPF) or Provident Fund (PF). Under this scheme the employer and employee both contributes equally. ESI : Basic + HRA + DA + Other Allowances + LTA + Conveyance and everything that makes your gross salary not exceeding Rs.10,000/- per month. PF : Basic + DA only Employees contribution will be 12% of his emoluments.12% of emoluments (basic wages, dearness allowance, cash value of food concession and retaining allowances if any,) in the case of 175 establishments. Rate of contribution shall be 10% in the case of the following: Brick, beedi, jute, guar gum factories, coir industry other than spinning sector. A matching contribution is to be collected from the emoluments of the employees. Out of 12% (or 10% as the case may be) of the employers share of contribution, 8.33% is to be remitted towards pension fund. Employer is also required to pay a contribution of 0.5% of the emoluments towards Gratuity Gratuity is paid to employee out of Gratitude by employer if an employee complete 5 years of continuous service with the organisation.Gratuity will be calculated as Basic + DA *15*No of years of service / 26 if an employee complete more than 6 months in an year can be taken as complete year. Employer can stop the Gratuity when the employee has spoiled any company property or if he is liable for the company. But employee should compulsorily complete 5 years of service.

Health Benefits

Private Medical Insurance: Group benefit which provides access to the Private Healthcare Sector through Momentum Health. TIBCO funds the monthly premium up to a maximum of ZAR 1585. Eye Sight Test Reimbursement: Annual reimbursement of sight tests in accordance with Health & Safety (Display Screen Equipment) Regulations. Business Travel Insurance: Access to emergency medical treatment to employees travelling at TIBCO's request. It also offers additional insurance cover associated with business travel.

Financial Benefits

Pension and Risk Benefits Plan: TIBCO contributes a sum equivalent to 7.5% of an eligible employee's basic monthly salary into a designated pension plan, subject to an employee contribution of at least 3%. The employer contribution includes a contribution towards life insurance and long-term disability cover. Employee Referral Program: Financial incentive for the recommendation and subsequent hiring of a new recruit. Salary Advance: New employees of TIBCO may request a salary advance of up to 50% of their monthly base salary during the first month of employment (to be repaid over a period of three months).

Leave Benefits

Annual Leave: 20 days (rising to 23 with service) paid leave per annum pro-rata. Public Holidays: TIBCO recognises the officially published regional public holidays in South Africa. Sick Leave: Up to two months' discretionary sick pay in a twelve month period. Parental Leave: Statutory Pay and Leave arrangements

Other TIBCO Benefits


Professional Subscriptions: Reimbursement of subscription charges to job-related professional affiliations. Education Assistance: Financial assistance towards tuition fees and associated costs upon the successful completion of a job-related course and/ or achievement of a professional qualification. (Subject to management approval). Core Values Award: A reward and recognition program whereby employees may be nominated for an award of $1,000 and a core values certificate. Patent Incentive Program: Cash bonus compensation upon the issuance of a patent. Passport & Visa Renewal Fees: Reimbursement of passport and / or visa renewal fees.

Additional Role-Specific Benefits (Confirmed individually in writing)


Company Bonus Plan: Discretionary performance-related cash bonus awarded annually. Mobile Telephone: Company-provided cellular phone available to mobile staff.

Employee Stock Option Plan: Certain new employees of TIBCO receive stock option grants, which vest over a four-year period.

Leave Time

Employed women in India are entitled to a total of 12 weeks leave to be taken during the time immediately preceding a pregnancy and immediately after. This means that a woman must go on maternity leave six weeks before the birth of the child and for six weeks after to nurse. A longer maternity leave of six months has been proposed to officials to help tackle the high malnourishment rate of children (up to 47 percent) and the high infant mortality rate (59 in every 1,000).

Read more: Maternity Leave Laws in India | eHow.com http://www.ehow.com/list_6750168_maternityleave-laws-india.html#ixzz2FQUfJnrw

Constitutional law
Main article: South African constitutional law

Labour Court of South Africa Labour Appeal Court of South Africa South African Constitution Court

Collective labour law

Labour Relations Act 1995 No 66, collective bargaining, trade unions, strikes and lockouts, unfair dismissal and unfair labour practices

Individual labour law


Basic Conditions of Employment Act 1997, working hours, leave and remuneration Employment Equity Act 1998, discrimination and affirmative action Unemployment Insurance Act 2001

Statutory benefits;
The Constitution (Bill of Rights) Labour Relations Act (LRA) Basic Conditions of Employment Act (BCEA) Employment Equity Act (EEA) Occupational Health and Safety Act (OHSA) Compensation for Occupational Injuries and Diseases Act (COIDA) Unemployment Insurance Fund (UIF)

South African Qualifications Authority Act (SAQA Act) Skills Development Act (SDA) Skills Development Levies Act (SDLA)

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