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Survey on Special Support offered by Organisations during the Economic Crisis 2022

EFC Member : Rs. 900.00
Non Member : Rs. 1100.00

SKU: P0051-1-1-1 Category:

EFC Member : Rs. 900.00
Non Member : Rs. 1100.00

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Description

This publication is based on a survey conducted by the EFC among its members during the economic crisis. The publication will be a useful source of information to understand the;

  • special support offered by members to their employees and
  • Voluntary resignation schemes (VRS/VSS) rolled out during the economic crisis

INTRODUCTION

PART ONE
SPECIAL SUPPORT OFFERED BY COMPANIES DURING THE ECONOMIC CRISIS
SCOPE AND METHODOLOGY
Figure 1: Distribution of sample across industry sectors
Figure 2: Distribution of sample in terms of the number of individuals employed
DETAILS OF FINANCIAL ASSISTANCE OFFERED BY THE RESPONDING ORGANISATIONS
Figure 3: Distribution of financial assistance within the organization
Figure 4: Distribution of financial assistance among employees
Table 1: Selection criteria applied when extending financial assistance
Table 2: Salary ranges considered for financial assistance – sector-wise
Table 3: Value of monetary benefit
NON-MONETARY BENEFITS OFFERED
Figure 5: Types of non-monetary benefits offered
ASSISTANCE OFFERED TO MITIGATE THE IMPACT OF THE ADVANCE PERSONAL INCOME TAX (APIT) IMPOSED SINCE JANUARY 2023
Figure 6: Frequency of the monetary benefits offered to mitigate the financial impact
Table 4: Applicable period of the benefit
PART TWO
INFORMATION ON VOLUNTARY RESIGNATION / SEPARATION SCHEMES OFFERED BY COMPANIES IN 2022
SCOPE AND METHODOLOGY
Figure 1: Distribution of the sample across industry sectors
Figure 2: Distribution of the sample in terms of the number of individuals employed
DETAILS OF THE SEPARATION SCHEMES (VRS/VSS) OFFERED BY THE RESPONDING ORGANIZATIONS
Table 1: Number of companies who have offered VRS
Figure 3: Sector-wise distribution of respondents who have offered VRS/VSS
Figure 4: Coverage of Separation Schemes
Figure 5: Applicability of Separation Schemes based on Employee Category
Table 2: Reasons for offering VRS/VSS
FORMULA FOR PAYMENT OF COMPENSATION IN TERMS OF THE TERMINATION OF EMPLOYMENT ACT NO. 45 OF 1971
SPECIAL NOTE

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