Employee Benefits in India

NEW YORK, July 28, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Employee Benefits in India

http://www.reportlinker.com/p02183368/Employee-Benefits-in-India.html

Synopsis

The report provides in-depth industry analysis, information and insights into employee benefits in India, including:
• An overview of state and compulsory benefits in India
• Detailed information about private benefits in India
• Insights into the various central institutions responsible for the administration of the different branches of social security
• The regulatory framework and recent regulations relating to Indian employee benefits

Summary

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 – and with one in five workers in the informal sector living below the poverty line – 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 a formal scheme.

Scope

This report provides a detailed analysis of employee benefits in India:
• It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
• It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in India

Reasons To Buy

• Make strategic decisions using in-depth information related to Indian employee benefits
• Assess the Indian employee benefits market, including state and compulsory benefits and private benefits
• Gain insights into the key employee benefit schemes offered by private employers in India
• Gain insights into key regulations governing Indian employee benefits, and their impact on companies

Key Highlights
• The Indian social security system only covers employees in the organized sector, which account 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 to those who do not have access to a formal scheme
• Employees' Provident Fund (EPF), Gratuity and Employee Pension Scheme (EPS) are some of the main state and compulsory benefits in force in India
• Private employee benefits in India are changing and companies are introducing new benefit packages to remain competitive
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
3 Country Statistics
4 Overview of Employee Benefits in India
5 Regulations
6 State and Compulsory Benefits
6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Types of retirement plans
6.1.3 Eligibility
6.1.4 Age
6.1.5 Pensionable salary
6.1.6 Benefits
6.1.7 Payment options
6.1.8 Typical employer practice
6.1.9 Employee and employer contribution
6.1.10 Taxation
6.2 Death in Service
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment options
6.2.5 Typical employer practice
6.2.6 Employee and employer contribution
6.2.7 Taxation
6.3 Long-term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment Options
6.3.5 Typical employer practice
6.3.6 Employee and employer contribution
6.3.7 Taxation
6.4 Short-term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment options
6.4.5 Employee and employer contribution
6.4.6 Taxation
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment options
6.5.5 Typical employer practice
6.5.6 Employee and employer contribution
6.5.7 Taxation
6.6 Workmen Compensation
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Employee and employer contribution
6.6.5 Taxation
6.7 Expatriate Employment
6.8 Maternity Benefit
6.8.1 Introduction
6.8.2 Eligibility:
6.8.3 Benefits:
6.8.4 Taxation:
7 Private Benefits
7.1 Retirement Benefits
7.2 Death Benefits
7.3 Disability Benefits
7.4 Medical Benefits
7.5 Other private benefits:
8 Macroeconomic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US dollars)
8.1.2 GDP per capita at constant prices (US dollars)
8.1.3 GDP at current prices (US dollars)
8.1.4 GDP per capita at current prices (US dollars)
8.1.5 GDP split by key sectors
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$–INR
8.1.8 Labor force
8.1.9 Unemployment rate
8.1.10 Total population
8.1.11 Urban and rural populations
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables

Table 1: Definitions
Table 2: India – Country Statistics
Table 3: Indian Retirement Benefits – Chronological Order of the Change of Wage Ceiling for EPF
Table 4: Indian Retirement Benefits – Contribution Rates (% of Wages) to Benefit Schemes
Table 5: Indian Death in Service Benefits – Qualifying Service and Death Gratuity Rates
Table 6: Medical Benefits in India – ESI Scheme Summary
Table 7: Indian Employee Compensation Benefits

List of Figures

Figure 1: Major Social Security Laws in India
Figure 2: Indian GDP Constant Prices (US$ Billion), 2008–2012
Figure 3: Indian GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 4: Indian GDP at Current Prices (US$ Billion), 2008–2012
Figure 5: Indian GDP Per Capita at Current Prices (US$), 2008–2012
Figure 6: Indian GDP by Key Segments (%), 2008 and 2012
Figure 7: Indian Inflation Rate (%), 2008–2012
Figure 8: Indian Annual Average Exchange Rate US$–INR, 2008–2012
Figure 9: Indian Size of Labor Force (Million), 2008–2012
Figure 10: Indian Unemployment Rate (%), 2008–2012
Figure 11: Indian Total Population (Million), 2008–2012
Figure 12: Indian Urban and Rural Population (%), 2008–2012




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