However, it is an important piece of document that every organization should create. India does not legally require organizations to make employment contracts for local employees. You can visit PumPumPum for more details. The Leasing is cheaper than any other monthly EMI of a Car. PumPumPum is the best option for Startups and SME’s.

Employees can also convert their existing car into a lease and enjoy the benefit of this scheme. All these reimbursements will be deducted for the respective employee CTC.Īfter the completion of the lease period (which is 6 months to 24 months), the employee gets a choice of upgrading to another car as per the internal policy. Eligible employees for lease rental would be entitled to reimbursements for the expenses done on fuel or driver’s pay. At PumPumPum, you can Lease high-quality pre-owned cars near you in a comprehensive package.Įmployees opting for the car lease policy would pay a monthly lease rental that is calculated based on the market residual value of the car, the applicable interest rate and tenure of the lease. This policy helps the employees access their desired car without the hassle of down payment, bank liability, vehicle registration, insurance, service or maintenance. The list is no particular order of importance.Ī car lease policy is a flexible, affordable and convenient solution for car ownership. Below, we’ve included a list of 12 important HR policies that your company must have in India. Therefore, the company policies should be created with the utmost understanding and experience. It is the sole responsibility of the HR personnel to keep a company compliant to the local laws of a country. Please contact the Office of Human Resources at 954.921.3216 if you have any questions or requests regarding copies of any of the documents listed below.20 Most Important HR Policies in India 2021 We are currently in the process of updating this page. It is not intended to create a property right to employment nor is it a guarantee of individual employment for a stated period of time. The Human Resources Policies and Procedure Manual is designed to assist certain covered employees with understanding the City’s personnel management and benefits program.

Hr policies and procedures manual