Employees are the most valuable assets of any company. Especially for small businesses that are thriving to grow, it is crucial to create a healthy and safe work environment for their employees. A safe workplace can boost employees’ productivity. However, it is a challenging task and a huge responsibility for SMEs. Despite all the safety […]
Articles Tagged: Workmen’s Compensation Insurance
ESI or WC Which is best applicable to my Organisation?
ESI or WC – Applicability When it comes to ensuring the well-being and protection of employees, two important policies come into play: Employees’ State Insurance (ESI) and Workmen’s Compensation Insurance (WC). In the event of work-related injuries or illnesses, these policies provide financial support and medical benefits to employees and their families. Understanding the applicability and […]
Insure Your Workforce And Reduce Attrition
As per the survey conducted by Deloitte India 2022 related to the Workforce and Increment Trends. India has faced an increase in the average workforce attrition rate from 15.8 percent in 2020 to 19.8 percent in 2021. Various factors fueled it, including lower salaries, reduced fringe benefits, increased workload, insufficient workforce insurance, and reduced interpersonal […]
Workmen Compensation Insurance For International Workers
One of the major responsibilities of any company is to provide a safe and healthy environment for its employees. If an employee suffers a bodily injury or death during their employment, the company is legally liable to pay compensation under the Employee Compensation Act 1923. That’s where the Workmen Compensation Insurance policy comes into the […]