Definicja employee welfare fund
A contribution by employees for employee welfare activities.
There are three ways to contribute:Fixed amount Fixed rate Depending on the employee's position in company
The employee welfare committee is formed in accordance with the law to be responsible for the custody and deployment of the welfare fund.
Companies which have set up employee welfare fund prepare a statement of receipts and disbursement of the welfare fund at the end of each year. This statement is made public and submitted to the authority-in-charge for reference.
Słownik i definicje SAPa na E.