Answer briefly the question:
Give one benefit each of voluntary retirement scheme to the employee and to the employer

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Solution

One benefit of voluntary retirement scheme to the employee is that the employee receives a lump sum of money at the time of the retirement and the benefit availed by the employer side is that it increases the overall productivity and efficiency in the organization. By increasing the effectiveness and efficiency, organizational goal can be achieved at a much faster rate.

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Q15) EPFO made UAN mandatory for all employers under Employee Provident Fund Act, 1952. Presently, which of the following schemes are in operation under the Act?

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Answer briefly the question:Give one benefit each of voluntary retirement scheme to the employee and to the employer

Answer briefly the question:
Give one benefit each of voluntary retirement scheme to the employee and to the employer