Employee Benefits In India

The report provides in-depth industry analysis, information and insights into employee benefits in India, including:

·  An overview of state and compulsory benefits in India

·  Detailed information about private benefits in India

·  Insights into the various central institutions responsible for the administration of the different branches of social security

·  The regulatory framework and recent regulations relating to Indian employee benefits

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Executive summary

The Indian social security system only covers employees in the organized sector, which accounts for less than 10% of the country’s workforce. As the unorganized sector is continuously growing – and with one in five workers in the informal sector living below the poverty line – the Government of India has launched several social security measures related to healthcare, pension and direct cash transfer schemes to people who do not have access to a formal scheme.

Scope

This report provides a detailed analysis of employee benefits in India:

·  It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits

·  It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, and private benefits

·  It highlights the economic and regulatory situations relating to employee benefits in India

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Reasons to buy

·  Make strategic decisions using in-depth information related to Indian employee benefits

·  Assess the Indian employee benefits market, including state and compulsory benefits and private benefits

·  Gain insights into the key employee benefit schemes offered by private employers in India

·  Gain insights into key regulations governing Indian employee benefits, and their impact on companies

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Key highlights

·  The Indian social security system only covers employees in the organized sector, which account for less than 10% of the country’s workforce

·  As the unorganized sector is continuously growing, the Government of India has launched several social security measures to those who do not have access to a formal scheme

·  Employees’ Provident Fund (EPF), Gratuity and Employee Pension Scheme (EPS) are some of the main state and compulsory benefits in force in India

·  Private employee benefits in India are changing and companies are introducing new benefit packages to remain competitive

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