CM Assignment - 1

In an untoward happening in a factory, two employees got severely injured and later on one succumbing to
injuries while the other employee’s lost four fingers of his right hand in operation. Applying Employees
Compensation Act 2010 and with the help of following supporting information calculate both employees’
compensation (death & disablement).
a. Age of the deceased employee was 20 years and gross salary was Rs.10000/- p.m.
b. Age of the injured employee was 25 years and gross salary was Rs.9000/- p.m.
c. Due to the injury the disability causing loss of earning capacity was ascertained as 50%.
d. Relevant Factors details are as under;
Completed Age
in yrs. 16 17 18 19 20 21 22 23
Relevant 228.54 227.49 226.38 225.22 224 222.71 221.37 219.95

Factors
For Employee 1 For Employee 2

Deceased Employee= 1120000 Rs Permanent partial disablement =
n one succumbing to
lying Employees
e both employees’
%.
24 25
218.47 216.91
nt partial disablement = 585657 Rs

Mr. Ravi resigned from XYZ ltd. (a PSU) after serving for 6 years and 8 months wherein at the time of full and final
settlement, HR dept. calculated that his service tenure had a gap of one months of LWP (Leave without Pay). Calculate
Mr. Ravi’s gratuity entitlements from his following salary information who resigned from the post of Sr. Manager - PR.
a. Basic Salary = 50,000/- p.m.
b. DA Salary = 1,32,000/- p.m.
c. HRA = 18,000/- p.m.
One day basic salary= 7000

No of gratuity days= 105
Gratuity= (Basic+DA salary / 26) * No. of years of completed service * 15
735000 Rs
of full and final
hout Pay). Calculate
f Sr. Manager - PR.
Calculate PF, ESIC & Bonus of the following employees whose salaries are mentioned in the below table:
Sl. No. Basic+DA Sal. PF* ESIC Bonus Total
1 30000 1800 0 0 1800
2 21000 1800 682.5 1749.3 4231.8
3 20000 1800 650 1666 4116
4 18000 1800 585 1499.4 3884.4
5 15000 1800 487.5 1249.5 3537
6 14000 1680 455 1166.2 3301.2
7 18000 1800 585 1499.4 3884.4
8 25000 1800 0 0 1800
9 24000 1800 780 0 2580
10 17000 1800 552.5 1416.1 3768.6
* As per Employer Cap
below table:
The market comparison salaries for a Retail Manager are given below. The midpoint of the salaries is half the amoun
lowest salary and the highest.
Comparison Salary 1 Rs.80,500

Comparison Salary 5 Rs.1,20,300
From the above salary data, calculate Compa Ratio for the post of Retail Manager who is drawing a salary of Rs.1,10,000. Furth
advantage and disadvantage of the calculated COMPA Ratio to Dept. HR Head. What action should be taken in order to maint
the employee who is an HR Manager working with the organization for the last 3 years?
(Max- Min/ 2) 19900

MPR= 100400
COMPA Ratio= 109.56175298805
Employees salary is 36.64% above MPR which will help retaining the employee. The
employee is getting more than MPR which can be seen as a good sign for the
employee since the company is paying more than the average pay and is a lateral
Interpretation movement. HR Head can offer the employee with extra benefits (monetary or non
monetary) if the organization wants to retain the employee.
Calculating compa ratio would give a clear idea to the HR whether the employee is
Advantage
paid sufficient amount or not according to its capabilities.
If the compa ratio is more then it shows that the organization is not able manage
Disadvantage
its resources well and eventually would end up affecting bottom line.
salaries is half the amount between the
salary of Rs.1,10,000. Further, suggest the

be taken in order to maintain and retain
All India Consumer Price Index (General) for Industrial Workers (Base 1982 = 100) for Year 2005 from Jan-Dec. are
give below. The last DA increase was 7%. Calculate new DA rate for the year 2006 w.e.f. January and
commensurate increase % in the new DA.
Jan 526
Feb 527 LTMA= 548
Mar 528
DA= [LTMA (IDA) - CPI of Base Year) / CPI of Base Year * 100
Apr 529
May 530 448
Jun 532
Jul 535 Increase in DA 448-7 441
Aug 540
Sep 542
Oct 546
Nov 548
Dec 550
005 from Jan-Dec. are
uary and

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In an untoward happening in a factory, two employees got severely injured and later on one succumbing to

Relevant 228.54 227.49 226.38 225.22 224 222.71 221.37 219.95

For Employee 1 For Employee 2

nt partial disablement = 585657 Rs

One day basic salary= 7000

Comparison Salary 1 Rs.80,500

(Max- Min/ 2) 19900

COMPA Ratio= 109.56175298805

salary of Rs.1,10,000. Further, suggest the

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