The Payment of Bonus Act‚ 1965 The Payment of Bonus Act‚ 1965 (Act No. 21 of 1965) is an important law on the topic of wages and bonus. It has 40 sections and 4 schedules. Background * Article 43 of Constitution of India under the Directive Principles of State Policy expects ’Living Wages’ for all workers * Bonus helps in two manners: * Increases employee wages so that they are closer to ’living wages’ * Employee efforts are recognized and this encourages work more - earn
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THE PAYMENT OF BONUS ACT‚ 1965 ACT NO. 21 OF 1965 [25th September‚ 1965.] 1*[An Act to provide for the payment of bonus to persons employed in certain establishments on the basis of profits or on the basis of production or productivity and for matters connected therewith.] BE it enacted by Parliament in the Sixteenth Year of the Republic of India as follows:-1. Short title extent and application. 1. Short title extent and application.- (1) This Act may be called the Payment of Bonus Act‚ 1965. (2)
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AGREEMENT OFFICER ACCESSION BONUS ADDENDUM ACKNOWLEDGMENT In connection with my appointment as an officer and agreement to serve with the Army National Guard of the United States under the Selected Reserve Incentive Program‚ I hereby acknowledge that: 1. I meet the eligibility criteria‚ as follows: a. I agree to accept an appointment as an officer in the armed forces to serve in the Selected Reserve in a critical officer skill that is designated for bonus entitlement by the Secretary
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Bonus to the employees Introduction The scenario is thus expounded as how to distribute the bonus to the employees who are present in the ample amount. The process of parceling out the bonus to the several employees had thus become a major issue. It has thus become a question because the employees receiving pronominal bonuses from the company thus feel rather crest fallen and the others receiving higher amount feel motivated to proceed out with the good work again to have more bonuses next time
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Short-Term and Long-Term Effects From Nuclear Radiation on the Human Body Lately‚ nuclear energy has been in the minds of the American populace. With the recent collapse at the Hanford site and the recent testings of rockets by North Korea that could potentially carry nuclear warheads‚ concern has been raised about what the consequences of nuclear energy could be‚ especially on earth and the human body. One of these risks is radiation. No matter how negligible the risk of nuclear weapons and meltdowns
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Short Term Finance What is Short Term Financing? Short term financing is basically refers to additional money for a business which requires for running its business for short terms which is usually a period of one year. There are some sources of short term finance which are as following:- Overdraft Overdraft bank basically means a facility that the bank provides to its customers where the customer is given permission to draw money from the banks in surplus of their balance in their heir
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Introduction Budgeting is indeed a key component in managing short and long term planning. To define a broad objective such as wealth maximization is clearly not sufficient to achieve the goal. It is very important for an entity to get into more details over how to work towards the objective. Businesses typically do this by crafting a long-term plan and short-term plan which I will be explaining in details. Budgeting Before I proceed‚ it is very important for us to understand what is budget
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including short term‚ long term as so on. Strategic goals are major targets or end results that relate to the long term survival‚ value‚ and growth of the company. Strategic objectives are defined to direct the decisions and the actions of an organization. There are different levels of strategic objectives including functional strategies‚ competitive strategies‚ and corporate strategies (Coulter‚ 2005). Short Term Goals (1 year) Functional strategic objectives are short term operational
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items would increase because of the increased level of efficiency due to modernization and expansion program. Later she realized the cause of decline of these items were that the company did not take the cash discounts in 2006 on all purchases on terms 3/10‚ net 30. Due to this‚ the cost increased‚ leading to decrease in profit margin and return rate. Covington believes that some important changes must be done and this is
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Short Term financing/ Financing Current Assets As a human being‚ we do have needs- food‚ shelter‚ clothing‚ and wants- laptop‚ cellphone‚ electronic gadgets‚ and the like. Parents work very hard in order to earn more money to give their children what they want. This is how they finance their everyday necessities and wants. This is just like in companies wherein they will do every means they can think of just to finance their everyday operations. The need for determining the proper source
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