HR Compliance Insights India

The Workmen's Compensation Act, 1923, has been amended by Act 45 of 2009, whereby the name has been changed from Workmen's Compensation Act, 1923 to Employee's Compensation Act, 1923. The salient feature of the amendment is the Omission of Schedule II of the Act, where the class of workman covered is omitted, and hence the Act becomes applicable for all employees irrespective of the nature of work done and the no. of employees engaged by an Industry / establishment. The Major Changes are as under: S No Provision prior to amendment Provision after amendment 1 Name of the Act – Workmen’s Compensation Act, 1923 Name of the Act – Employee’s Compensation Act, 1923 2 Definition – ‘Workman’ omitted Definition – ‘Employee’ inserted. But no change in the content of definition 3 Death compensation – Maximum Rs.80,000/- Death compensation – Maximum Rs.1,20,000/- 4 Permanent total disablement compensation – Maximum Rs.90,000/- Permanent total disablement compensation – Maximum Rs.1,40...

SWOT Analysis   SWOT analysis is a tool for auditing an organization and its environment. It is the first stage of planning and helps marketers to focus on key issues. SWOT stands for strengths, weaknesses, opportunities, and threats. Strengths and weaknesses are internal factors. Opportunities and threats are external factors. SWOT analysis is a simple framework for generating strategic alternatives from a situation analysis. It is applicable to either the corporate level or the business unit level and frequently appears in marketing plans. Situation Analysis           / \            Internal Analysis       External Analysis / \                  / \ Strengths   Weaknesses       Opportuniti...