Latest news on voluntary-retirement-scheme read breaking stories and opinion articles on voluntary retirement scheme at firstpost. The ministry of railways has issued orders introducing voluntary retirement scheme (vrs) for loco pilots (drivers) and trackmen (gangmen) in the age group. 2, faq on guidelines related to voluntary retirement scheme (vrs)/ voluntary separation scheme (vss) for employees of cpses, download (187 mb) pdf. I have been directed to request you to kindly arrange for wide circulation of the coal india special female voluntary retirement scheme 2014 (revised) and.
(i) this scheme may be called the punjab state public sector undertakings voluntary retirement scheme (vrs) 2002 (ii) this scheme shall apply to all the . The government had announced a voluntary retirement scheme (vrs) vide enterprises, which are financially sound and can sustain a scheme of vrs on. Given the unstable condition of the company i decided to opt for the voluntary retirement scheme (vrs) however, he was fearful that the money he would get . Coal india ltd is working on a proposal to offer voluntary retirement scheme ( vrs) to its employees a committee has already been formed to.
Voluntary retirement scheme: definition: voluntary retirement scheme (vrs) is a method adopted by companies to reduce surplus staff it applies employees. Might prove to be more acceptable the basic rationale for adopting the voluntary retirement scheme (vrs) is that it is a better choice than retrenchment. Ahead of the merger with parent state bank of india (sbi), associate banks have started rolling out voluntary retirement schemes (vrs) for their.
1, no25012/1/2015-estt(a-iv), 19/05/2015, request for voluntary retirement from persons suffering from disability -supreme court order in bhagwan dass and. Get all latest & breaking news on voluntary retirement scheme watch videos, top stories and articles on voluntary retirement scheme at moneycontrolcom. Voluntary retirement scheme, benefits, adavantage to employer & employee, drawbacks, technicalities, case study sail, sbi, nokia,.
Acceptable the basic principal of voluntary retirement scheme is that it is better choice then retrenchment vrs offers an attractive package of/ benefits, so that it . “though the retirement age is 60, many are opting for the scheme “very early” now there are several other vrs requests pending with the. Voluntary retirement - also known as a voluntary retirement scheme - can be complicated, though there are tons of pros and cons that come. The voluntary retirement scheme(vrs) is the most humane technique to provide overall reduction in the existing strength of the employees it is a technique. 7th cpc voluntary retirement scheme : recommendation on voluntary retirement in 6th pay commission presently, all employees on completion of 30 years.
Tata motors will offer voluntary retirement scheme to trim costs as part of restructuring although the number of employees is still being worked. At the time of his voluntary retirement [or voluntary separation] shall be exempt under clause (10c) of section 10 only if the scheme of voluntary retirement framed. Seminar on voluntary retirement scheme it was spoken by khyati pandya a student of mba semester - iv with hr specialization at marwadi. Hi, i need information about voluntary retirement scheme and also how much compensation given under it 15th july 2015 from india, nasik.
Voluntary retirement scheme (vrs) is one of the least studied phenomena in both business and academia despite its increasing popularity, field-based. What is vrs the voluntary retirement scheme (vrs) is the latest mantra of many a corporate and public sector units vrs is a scheme. Many of them have taken recourse to voluntary retirement schemes (vrs) to reduce the employee strength this paper examines different types of vrs offered.