Professional Documents
Culture Documents
Law Final
Law Final
Law Final
Mugdha S. Patre
Roll no. 40
Human Resource Management
• IT Hardware & Service industry
• Founded in 1978 as Tandon Magnetics
• Operating in India & US
• Headquarters in Mumbai
• Total Employee Base – 3000
• Some Key Customers:
IBM
Compaq
Apple
Dell
Western Digital
Tandon Group of Companies
Tandon Information Solution
• Founded in 1996
• Section 4 –
Wage period – fix
Not extend more than 1 month
• Section 7 –
Deductions in wages
• Section 13 A –
Maintenance of records
Minimum Wages Act
• Regulates the fixing of minimum wages
• Section - 12
Fixed by state govt. and revised time to time
Fixed on the basis of normal working hours and nature of
employment
• Overtime paid extra
• Section – 16
If employee handling more than 1 job – division of wages
according to the jobs division
• Section – 18
Records maintained
• Reduction in wages
Contract of Employment
Contract – Offer & Acceptance
Signed by free consent of both parties
Can differ according to nature of employment &
employee
Surety Bond
Recruiting fresh candidates
Fixed period of service
In case of failure – amount paid by employee
Accepted by both employer & employee
THANK YOU