What is ex gratia?

Ex gratia bonus is the sum of money paid by the organization to the employee other than the salary and allowances. Ex gratia bonus is a voluntary payment by the employer. The employer is under no obligation or liability to pay for ex gratia says wisdom jobs career edge experts.
The payments of bonus act introduced the concept of bonus. A bonus is a payment linked to performance or productivity paid extra than salary and allowances. The government of India passed payments of bonus act in 1965. According to PBA, any establishment employing 20 or more employees is eligible to pay bonus finds wisdom jobs reviews experts.

What is ex gratia bonus?

Ex gratia bonusis an amount Paid by the employer to the employee regarding productivity or profits of the establishment.
Ex Gratiais a Latin term meaning good will, which is given voluntarily as a mark of compassion to the employees who are not covered under bonus Act. In most cases, ex gratia is paid along with an annual bonus. The payment bonus act put a ceiling of 20% bonus payable to the employee. Therefore, the employer came up with term ex gratia to pay along with bonus. Establishments like NGOs and hospitals and noon profit organizations provide their employees with ex gratia. There is no ceiling on payment of ex gratia but the difference in percentage may vary. Payment of ex gratia depends on the management says wisdom jobs complaints experts .

Cases in which ex gratia bonus is paid

An employer may wish to pay ex gratia out of revenue as the acknowledgment of workers performance in case the profits do not support to pay bonus.
An employer may pay ex gratia in case specific period or task completed by the employee in the organization.
Ex gratia paid if the employer wishes to pay a maximum bonus of 20%.
Ex gratia is not part of annual CTC it not paid with the monthly salary or annual salary, payment time of the ex gratia is purely at the discretion of the employer.

How to withdraw pf amount while working

How to get pf amount?

Employee provident fund is available for the employees subscribed to the PF scheme and in order to for an employee to withdraw PF amount certain conditions are to be met the first employee at retirement age can withdraw PF amount says wisdom jobs gulf career edge experts.
Can I withdraw my PF? An employee can withdraw PF amount while working by submitting form 19 by the approval of the employer. EPFO has implemented the new law that employee unemployed for two months can withdraw 100 percent of PF amount, employee separating from the organization or working in an organization with the employer approval finds wisdom jobs gulf reviews.
How to withdraw PF without leaving the job? An employee can only withdraw the partial amount from the provident fund in cases like
Education

• Medical treatment
• Purchase of house
• Housing loan repayment
• Marriage
• Repair of house
• Withdrawal prior to retirement

PF amount withdrawal can depend on the circumstances, for instance, if PF has to be withdrawn for marriage and education employer has to complete 7 years of service then he/she can withdraw 50% of provident fund share this only applied for in case of family members of the employee.
For medical treatment, the employee can only withdraw PF amount 6 times the salary including DA and HRA if the amount is not used and cab deposited back at the rate of 2% per annum.EPF amount can be withdrawn online or manually, recently online mode is preferred than offline mode.
To withdraw EPF online employee must visit the UAN portal and login with credentials (universal account number and password). Then click on the tab and select KYC check for checking and to verify any details of ADHAAR and PAN. After verification of the KYC details click on the tab online services select the option claim in the drop-down menu. The claim will open on a new window with the details if the employee to claim the amount click proceed for the online claim form. In the claim, form employee needs to state full EPF settlement or for a loan or for another purpose under I want to apply for tab as per the options showed due to the criteria of the service finds wisdom jobs gulf complaints team experts.

Top 10 facts why you need a cover letter?

1. Do you truly require a cover letter? Your cover letter is your first chance to present yourself, exhibit your capabilities, and demonstrate the hiring managers that you are a potential possibility for the publicized position says wisdom jobs complaints study report.

2. Customize it to the organization:Anybody can repeat a "canned" cover letter and seek after the best. Rather, take a couple of minutes to customize your letter by demonstrating that you are extremely genuine about working for the organizations you are reaching. Express the reason that you are keen on working for that specific organization. Deliver the cover letter to a particular individual at whatever point conceivable finds wisdom jobs reviews team experts.

3. Why are you sending your resume and cover letter?: Cover letters ought to be clear and to the point. Incorporate the particular employment title, a few reasons why your experience makes a solid match, and a concise diagram of vocation features.

4. Highlight your strengths:You might be an extraordinary individual and never phone in debilitated, yet planned businesses truly need to know why they ought to think about you for this position believes wisdom jobs career edge experts. Boast a bit! Give a couple of actualities, list pertinent aptitudes, and state achievements on your present or latest occupations that will be noteworthy. Expanded abroad deals by 93%. Arranged new budgetary leases/advances Actualized new preparing programs which decreased staff turnover by 15%.

5. Express your goals and capabilities front and center:In the event that you expect a senior staff administrator or spotter to swim through a jumble of data on your cover letter before understanding why you are sending your resume, odds are, it will never happen.

6. What makes you unique? On the off chance that you have significant job seeker or expert experience incorporate it quickly in your cover letter.

7. No negative data:Never incorporate identity clashes with past businesses, pending prosecution suits, or wry comments in your cover letter. In the event that you are reviling your present place of work, questioners may fear an encore on the off chance that they procure you.

8. When should you include salary/relocation information? The dependable guideline is to dependably incorporate pay necessities and additionally pay history in the cover letter if a planned manager demands it. Never incorporate compensation and movement data on your resume, just address this data in your cover letter.

9. Move Steps to Make: Adopt a proactive strategy in your cover letter. Express the way that you are accessible for an individual meeting; give your home, work, email, as well as PDA numbers where you can be achieved, take note of that you will catch up by telephone (where conceivable) to give any extra data required.

10. Be immediate:A professionally composed cover letter and resume can open the ways to your next position on the company pecking order, and in addition another vocation in an alternate field. A spotless, mistake free introduction joined with solid expressing and strong certainties will urge the per user to survey the appended resume and call you in for a meeting.

8 things ever to say in a job interview

Preparing for a job interview doesn't mean that answering for each and every question asked in a job interview. You should also have clarity on what you should say or what you shouldn't say in your job interview. Sharing too much information isn't going to help you in any job interview, instead it could costs you a job offer. So, be crispy while you are answering and focus on your skills and qualifications for a job. The interviewer thinks twice if you have made a mistake or said something inappropriate. Wisdom jobs career edge suggests following are 8 things you shouldn't say in any interview.

1.Sorry I'm late: The most important thing is that never reach late for the interview. Sorry I'm late is the worst sentence you can start your interview, it displays your punctuality. Don't give them a bad impression that your interviewer let to know about it.

2.Never Lie: Ever lie about anything that make you caught and create embarrassing moment. Sometimes it may backfire you in future.

3.I hate my ex-boss: Never talk bad about your ex-boss or ex-colleague or your job profile. It creates a bad impression about you and captures as a complainer.

4.What I like about you: Never complement interviewer on the first meet how much you like his shirt/glasses/watch etc. It conveys that you are flattering them.

5.Do not threaten: If the interviewer asks the question where do you see yourself in the next five years then do not answer that working in the same company at your position. Just say that I want grow myself and learning a lot from the experience gained from this job.

6.I don't have any questions: When the interviewer asks if any questions then do not say with I don't. Wisdom jobs review team professionals say that ,if you have any questions about the company ask them and make the interview more interactive.

7.I want a job...any job: Never exhibit that you are so much desperate to get a job. Add your strengths and skills relate to the job and tell recruiters that you are so much interested for the job finds wisdom jobs complaints team experts.

8.Do not ask unreasonable questions: Do not ask unreasonable questions like what perks will you get? How often do you guys give promotions? How much will be my salary? How much vacation time do I get? You can ask these questions at the time job offer.