Employee Benefits

April 2013

Compensation & Benefits team

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What we want to Drive?
By encouraging a
healthy leave
utilization
Work-Life
Balance

Employee
By providing
Benefits
better Insurance By introducing
cover to all paternity and
employees Enhanced Family adoption leave for
Care Bonding employees

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What’s in store for you?

What’s New?

What’s Changed?

What’s Same?

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 Insurance & Other Benefits
What’s Changed? What’s Same?

Group Term Life Sodexo Meal Coupon

• Entitlement revised to • Employee will be
1.25*Annual CTC
Change entitled to monthly
• Minimum amount to be
• Term Life INR 20,00,000 meal coupons
coverage was a
fixed amount
• Accidental
coverage was 60x
monthly basic

Group Accidental Group Medical

• Employee will be entitled
to 60x monthly Fixed
Income (CTC less
variable)
• E1 to E5 will be entitled to
INR 3,00,000
• E6 to EA will be entitled to
INR 6,00,000

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Leave Benefits
What’s New? What’s Changed? What’s Same?

Paternity Leave (PL) Earned Leave (EL)

Casual Leave (CL)
• 2 calendar weeks • 30 Calendar days (same
as last year) • 12 Calendar days
• To be availed at a • Can be availed for
NEW stretch • Accumulation capped at
120 days maximum 3 consecutive
days

Sick Leave (SL) Maternity Leave (ML)

Adoption Leave (AL)
• 10 Calendar days (same • 90 calendar days
• 90 calendar days
as last year) to be taken • Can be clubbed with EL
• For adopting mothers & SL
once the child begins to in the current year
live with her • Can be clubbed with EL &
ML

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 Thank You

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