Employee Benefits in India 2021
Market Reports on India Provides the Trending Market Research Report “Employee Benefits in India 2021” under Financial Services Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports. Employee Benefits in India The Indian social security system only covers employees in the organized sector, which accounts for less than 10% of the country’s workforce. As the unorganized sector is continuously growing the Government of India has launched several social security measures related to healthcare, pension, and direct cash transfer schemes to people who do not have access to any formal scheme. As of November 2020, the Indian government is planning to bring 250 million workers from the unorganized sector under the social security system. Request a free sample copy of India Employee Benefits Market Report http://www.marketreportsonindia.com/marketreports/sample/reports/2363465 The report provides in-depth industry analysis, information, and insights of the employee benefits in India, including an overview of the state and compulsory benefits in India, detailed information about the private benefits in India, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in India. Key Highlights: - The Ministry of Labor and Employment (DHS) is responsible for the functioning of the overall social security system. - A person’s national insurance contribution is determined based on their income. - An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution. - In India, employers provide voluntary retirement benefits to their employees through voluntary defined contribution.