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Provident Fund
- 12% of basic salary
- Company also contributes 12% of basic salary to the Provident Fund
Gratuity
- Payable after 5 years of service
- Maximum benefit is 350,000 Rs
Medical (Domiciliary)
- Annual maximum reimbursement is 25,000Rs
LTA (Leave Travel Allowance)
- Eligibility and amount are based on grade level
Relocation Assistance
- Financial reimbursement for relocation as per company policy
- Administrative support for search of house, schools, etc.
- Company paid stay in guest house for initial period at the time of hire
Telephone Allowance/Company Telephone at Residence
- Eligibility and amount are based on grade level
Transportation Benefits
- Eligibility and amount are based on grade level
Insurance Policies Provided by CoWare
- Medical Insurance maximum benefit 300,000 Rs per employee + 3 Dependents
- Group Accident Insurance with maximum benefit based on grade level
Leaves
- Casual leaves eligible for 6 days per year (lapse at the end of the calendar year)
- Medical leaves eligible for 15 days per year (lapse at the end of the calendar year)
- Earned leaves eligible for 15 days per year (can accumulate up to 45 days)
- Maternity leave eligible for female employees only allowed 12 weeks for the first two issues
Miscellaneous
- Company Lease accommodation
- Company subsidized lunch facility
- Holiday 10 days per year
- Length of service award
- 1 floating holiday for 3 years of service
- 2 floating holidays for 5 years of service
- 3 floating holidays for 10 years of service
- 4 floating holidays for 15 years of service
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