Employee wellness programs have taken the business world by a storm. These programs are necessary, as they have shown a huge improvement in various companies' productivity.
Health is one of the most significant assets one can have.
Did you know total expenditure on health in India accounts for 4.7 % of GDP (2014)? What’s more, private expenditure on health adds to it. This is the reason why more and more employers have a vested interest in encouraging their workers to follow healthy habits, including exercise, eating healthy, and limiting smoking and alcohol.
Creating a tax friendly CTC for employees can be challenging for the HR personnel. An ideal compensation structure has a pay structure from which the employee can save money and have tax benefits under section 80d. Such CTC can also be beneficial for the employer due to the variable components.
India is one of the fastest developing countries globally and industrialization is at its full swing. While most of the companies are establishing their imprints in various domains and coming up with multitude departments, the role of HR has been the same for years now, in fact, it has become more stringent. HR is the face of the company. This department is responsible in managing the entire company and mainly its employees. The HR department is also responsible for planning employee healthcare strategy This could be through various ways and one of the most popularly known is the corporate health check-up.