Payment of Gratitude Act of 1972
Rahul's Noteblog
Notes on Labor Welfare
Payment of Gratitude Act of 1972
What is the Payment of Gratitude Act of 1972?
This Act makes it compulsory to make gratitude payments to employees in factories, mines, oil-fields, plantations, ports, and railway companies. The Act was amended twice in 1984 and in 1987, and was passed in 1987. The Act applies to all industries in India, except in Jammu and Kashmir, and employing 10 or more people, who were employed for at least one year. Needless to say, the Act would be applicable even if the total number of employees drops below 10.
The pay rate is based upon 15 days of income based on rate of wages last drawn by the employee, at an amount less than Rs 350000. These conditions apply:
1. Gratitude is paid to an employee after resignation from a service of 5 or more years.
2. Gratitude is paid to an employee who is superannuating.
3. Gratitude is paid to an employee who is retiring or resigning.
4. Gratitude is paid to an employee upon death or disablement on job.
Additional Readings:
1. Define the term 'Labor Welfare'
2. Theories about Conceptual Frame Framework of Labor Welfare
3. Basic Principles of successful Labor Welfare Programs
4. Explain the Factories Act of 1948
5. Explain the Employee’s State Insurance Act of 1948
6. Explain the Employee’s Provident Fund and Miscellaneous Provisions Act of 1952
7. List and Functions of Organizations that monitor Labor Welfares
8. Workmen’s Compensation Act of 1923
9. Employees Pension Scheme of 1995
10. Payment of Gratitude Act of 1972
11. Social Security System
12. Maternity Benefits Act of 1961
13. Welfare Measures at the Tata Iron and Steel Company
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