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    A Presentation By:-Amit Dhrity Shobhit Tushar Hemant: - An Indian Perspective

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    MakrandDeouskar
    This document presents an overview of voluntary retirement schemes in India from an Indian perspective. It discusses the emergence of these schemes to address issues like high labor costs and reduced competitiveness. It outlines the process which involves the employer issuing a circular about downsizing, eligibility age, benefits offered, and that the employer can accept or reject applications. Some challenges of implementation include social and psychological effects on employees, maintaining motivation of existing staff, and attracting new talent. Both advantages like reduced conflicts and flexibility, and criticisms around high severance costs, union opposition, and loss of skilled employees are also covered.

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    A Presentation By:-Amit Dhrity Shobhit Tushar Hemant: - An Indian Perspective

    Uploaded by

    MakrandDeouskar
    14 views12 pages
    This document presents an overview of voluntary retirement schemes in India from an Indian perspective. It discusses the emergence of these schemes to address issues like high labor costs and reduced competitiveness. It outlines the process which involves the employer issuing a circular about downsizing, eligibility age, benefits offered, and that the employer can accept or reject applications. Some challenges of implementation include social and psychological effects on employees, maintaining motivation of existing staff, and attracting new talent. Both advantages like reduced conflicts and flexibility, and criticisms around high severance costs, union opposition, and loss of skilled employees are also covered.

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    ppt for management

    Original Title

    Goldenhandshake 110213033400 Phpapp01 (1)

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    This document presents an overview of voluntary retirement schemes in India from an Indian perspective. It discusses the emergence of these schemes to address issues like high labor costs and reduced competitiveness. It outlines the process which involves the employer issuing a circular about downsizing, eligibility age, benefits offered, and that the employer can accept or reject applications. Some challenges of implementation include social and psychological effects on employees, maintaining motivation of existing staff, and attracting new talent. Both advantages like reduced conflicts and flexibility, and criticisms around high severance costs, union opposition, and loss of skilled employees are also covered.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    14 views12 pages

    A Presentation By:-Amit Dhrity Shobhit Tushar Hemant: - An Indian Perspective

    Uploaded by

    MakrandDeouskar
    This document presents an overview of voluntary retirement schemes in India from an Indian perspective. It discusses the emergence of these schemes to address issues like high labor costs and reduced competitiveness. It outlines the process which involves the employer issuing a circular about downsizing, eligibility age, benefits offered, and that the employer can accept or reject applications. Some challenges of implementation include social and psychological effects on employees, maintaining motivation of existing staff, and attracting new talent. Both advantages like reduced conflicts and flexibility, and criticisms around high severance costs, union opposition, and loss of skilled employees are also covered.

    Copyright:

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    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 12

    A PRESENTATION BY:-

    AMIT
    DHRITY
    SHOBHIT
    TUSHAR
    HEMANT
    - AN INDIAN PERSPECTIVE
    INTRODUCTION
    EMERGENCE
    PROCEDURE
    CHALLENGES IN IMPLEMENTATION
    POINTS IN FAVOUR
    CRITICISM

    THE GOLDEN HANDSHAKE, IN INDIA, IS
    KNOWN AS VOLUNTARY RETIREMENT
    SCHEME AND A PART OF EXIT POLICY

    DEFINITION:- THE SCHEME OFFERING
    CERTAIN BENEFITS TO PERSONS WHO
    ARE ELIGIBLE TO RETIRE VOLUNTARILY
    UNDER THE GUIDELINES ISSUED BY THE
    GOVT. AND INCOME TAX AUTHORITIES.
    HIGH LABOUR COST (SURPLUS STAFF)
    REDUCTION IN COMPETITIVE
    ABILITY
    THREAT FOR TECHNOLOGY
    UPGRADATION
    TRADE UNION OPPOSED
    RETRENCHMENT POLICY

    ISSUE OF CIRCULAR BY EMPLOYER

    THE REASON FOR DOWNSIZING

    AGE ELIGIBILITY

    THE BENEFITS DETAIL BY EMPLOYER

    TAX FREE LIMIT IS Rs.5 Lacs

    EMPLOYER HAS RIGHT TO ACCEPT OR REJECT
    THE APPLICATION OF VRS


    CORDINATION BETWEEN EMPLOYER
    AND EMPLOYEE

    EFFECT OF DOWNSIZING

    MATCHING OF DOWNSIZING PLAN
    WITH STRATEGIES



    SOCIAL AND PSYCHOLOGICAL
    EFFECTS AFTER VRS

    MAINTAINING MOTIVATION LEVEL
    OF EXISTING EMPLOYEES

    ATTRACTIVENESS IS A CHALLENGE
    CONTD.
    NO LEGAL CONSTRAINT

    ATTRACTIVE COMPENSATIONS

    REDUCES CONFLICTS AND

    FLEXIBILITY OF SCHEME

    COST REDUCTION
    FEAR AND UNCERTAINITY FOR
    EXISTING EMPLOYEES

    SEVERANCE COSTS ARE HIGH
    SOMETIMES

    PROTESTED BY TRADE UNIONS

    LOSS OF GOOD EMPLOYEES

    SUICIDE CASES OF VOLUNTARILY
    RETIRED PERSONS

    DISPARATE JOBS THERE AFTER

    FAILURE OF BUSINESS OPENED
    THERE AFTER

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