Gratuity & PF Support Solutions
We provide end-to-end Gratuity and Provident Fund (PF) support to ensure your business remains compliant with regulatory requirements.
Gratuity and PF (Provident Fund) Support Services have been designed to help companies successfully handle employee benefit programs. Gratuity is a statutory reward employees get as a sign of appreciation for their long-term service, whereas Provident Fund is a legally mandated retirement savings system. Managing these benefits can be complicated, with several legal and regulatory responsibilities. Our Gratuity and PF Support Services are essential for businesses aiming to streamline employee benefit management. WOKHR Solutions specializes in managing these tasks, ensuring accurate calculations, timely disbursements, and full compliance with all applicable regulations.
Our gratuity and PF support services are important to companies which want to simplify employee benefit management. By outsourcing these tasks to WOKHR Solutions, companies can reduce administrative burdens and minimize the risk of non-compliance. This allows business leaders or managers to focus on core activities and growth strategies, while we take care of the intricate details of employee benefit management, ensuring your team remains satisfied and your operations stay ethical.
Key Feature
Expert Gratuity, PF Compliance
With expert guidance, we help you navigate complex gratuity and provident fund issues, reducing administrative burdens and ensuring efficient management.
- Compliance Management
- Accurate Calculations
- PF Transfer and Settlement
- Employee Support
List of Sectors Where We Serve
FAQ
Optimize your HR functions with our expert Gratuity & PF Support Solutions. Our services ensure seamless management of employee benefits, compliance with statutory requirements, and efficient handling of gratuity and provident fund matters. With our expertise, your business can focus on growth while we take care of the complexities. Check out our FAQ for answers to your Gratuity & PF questions.
Gratuity is a financial benefit paid to employees as a token of appreciation for their service. Employees become eligible after completing five years of continuous service with the same employer.
Gratuity is typically calculated as 15 days of the last drawn basic salary for each completed year of service. The formula used is: Gratuity = (Basic Salary × Years of Service × 15) / 26.
Provident Fund (PF) is a retirement savings scheme where both the employer and employee contribute a percentage of the employee’s salary. The accumulated fund is paid out to the employee upon retirement or resignation.
Delays in gratuity or PF payments can lead to legal penalties and interest charges. It's essential to ensure timely disbursement to avoid legal complications.
Yes, WOKHR Solutions offers tailored Gratuity & PF Support Services suitable for businesses of any size, ensuring compliance and efficiency across the board.