Why Should I Provide PF / ESIC to my Employees

GR's Recent 100 Kms Trek Photograph @ Singalila National Park Region - Himalayas


Over a period of years PF(Provident Fund) and ESIC (Employee State Insurance Corportion) have become great tools for motivation of employees. These provisions give a great support for employees in managing any health emergencies for their entire family in case of ESIC... While PF would help them secure a long-term saving and attachment with organisation also helps employees to quickly avail loans on the amount deposited in their account. Needless to say that's the best interest paid saving option for any common man today. They are even eligible for the pension like any other govt. jobs earlier....

Here are the two examples to help you understand the benefits...

Eg 1: We have seen in many cases where the employer did not provide the Benefit to the employees ( With 4-5K salary) who otherwise could have availed major operations for their families costing beyond 1 lac etc.,

Eg 2 : We have seen an employee of our own managed to get medicines worth 23K everymonth using ESIC benefit for her father.

There is lot of automation going on with PF and ESIC which is easy for operation and supporting employees....

Should you not be using these as benefits for your employees!!!!