Unlocking the Secrets of Gratuity Valuation for Maximizing Retirement Benefits
Gratuity is an important employee benefit that provides financial security during retirement or upon leaving a job after completing a certain period of service. However, understanding the value of Gratuity valuation and how it is calculated can be a complex task for both employees and employers. In this comprehensive guide, we will delve into the intricacies of Gratuity valuation , empowering both parties to make informed decisions regarding this valuable benefit. What is Gratuity? Gratuity valuation is a lump sum payment made by an employer to an employee as a token of appreciation for the services rendered during their tenure. It serves as a form of retirement benefit or financial support upon separation from the organization. The amount of gratuity is based on factors such as the employee's salary, the duration of their employment, and the applicable Gratuity valuation formula. Understanding Gratuity Valuation for Employees For employees, gratuity holds significant ...