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Tipping is a practiced social custom in the United States. Tipping by definition is voluntary – at the discretion of the customer. In restaurants offering traditional table service, [101] a gratuity of 15–20% of the amount of a customer’s check (before tax) is customary when good to excellent service is provided.
The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retiring employees or employees who resigns after a minimum of 5 years of service. The law applies to all companies of at least 10 employees. [1] The gratuity is 15 days' wages for every year of employee service, or partial year over six months.
Dearness Allowance (DA) is a calculation of inflation paid to government officials and public sector workers’ employees. Public sector unit employees are also government employees, but not civil servants). Some private sector employees and civil servant, are pensioners in India.
In the private sector, defined benefit plans are often funded exclusively by employer contributions. In the public sector, defined benefit plans usually require employee contributions. [3] [4] Over time, these plans may face deficits or surpluses between the money currently in the plans and the total amount of their pension obligations. [5]
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Inside Katie Holmes' ultra-private dating life, from Chris Klein to Jamie Foxx. Finance. Finance. Associated Press. Boeing lays off hundreds in Washington and California as part of cuts announced ...
Howling winds, cold temperatures and even the chance of heavy snow could be in store for many Americans across the country as they gather for their Thanksgiving feasts next week. Forecasters said ...
The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money, i.e. operate by capitalist standards. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. [1]