10+ Milk Infotech Interview Questions and Answers

Maintaining manpower data involves regular updates and tracking of employee information.

• Collect and store employee information such as personal details, job title, salary, and performance data

• Regularly update the data to ensure accuracy

• Track employee movements such as promotions, transfers, and terminations

• Use HR software or tools to manage and analyze the data

• Ensure compliance with data privacy laws and regulations

The manpower cost as a percentage of the entire investment varies depending on the industry and company size.

• The percentage of manpower cost can range from 10% to 50% of the total investment.

• Industries with high labor-intensive operations such as manufacturing and construction tend to have a higher percentage of manpower cost.

• Smaller companies may have a higher percentage of manpower cost compared to larger companies due to economies of scale.

• The percentage of manpower cost c...read more

Performance analysis can be calculated by setting clear goals, measuring progress, and evaluating results.

• Set clear and measurable goals for employees

• Track progress regularly through performance metrics

• Evaluate results against goals and provide feedback

• Consider both quantitative and qualitative factors

• Use a performance management system to streamline the process

Employee bonus calculation depends on various factors such as performance, company profits, and individual targets.

• Determine the bonus percentage based on company policy and employee performance

• Calculate the employee's total earnings for the bonus period

• Deduct any taxes or deductions from the bonus amount

• Consider individual targets and achievements when determining the bonus amount

• Factor in company profits and financial performance when determining the bonus pool

• Communicate t...read more

Yes, there are recent amendments in labour law.

• The Code on Wages, 2019 has been introduced which subsumes four labour laws related to wages.

• The Industrial Relations Code, 2020 has been introduced which replaces three labour laws related to industrial relations.

• The Occupational Safety, Health and Working Conditions Code, 2020 has been introduced which replaces 13 labour laws related to safety, health and working conditions.

• The Social Security Code, 2020 has been introduced whi...read more

ABRY is a scheme for employers to declare past defaults and avoid penalties, while PMGKY is a scheme for employees to declare unaccounted income and pay taxes.

• ABRY stands for Amnesty Scheme for Employers who have defaulted in past years

• ABRY allows employers to declare past defaults and avoid penalties

• PMGKY stands for Pradhan Mantri Garib Kalyan Yojana

• PMGKY is a scheme for employees to declare unaccounted income and pay taxes

• PMGKY was launched to curb black money and promote d...read more

Maintaining statutory compliance is crucial for HR. Some of the things that are maintained include labor laws, tax laws, and employment regulations.

• Labor laws such as minimum wage, working hours, and overtime are maintained

• Tax laws such as TDS, PF, and ESI are maintained

• Employment regulations such as employee contracts, leave policies, and anti-discrimination policies are maintained

• Compliance with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redres...read more

Gratuity is calculated based on an employee's basic salary and years of service.

• Gratuity is calculated as 21 days of basic salary for each year of service

• If an employee has worked for less than a year, gratuity is calculated proportionally

• Basic salary used for calculation does not include allowances or bonuses

• Formula: (Basic salary/30) x 21 x years of service

• Example: An employee with a basic salary of $2000 and 5 years of service would receive $14,000 in gratuity

Sankar Foundation Hospital is a medical facility that provides healthcare services to the community.

• Sankar Foundation Hospital is a non-profit organization.

• It offers various medical services such as general medicine, pediatrics, gynecology, and surgery.

• The hospital has state-of-the-art facilities and equipment.

• It also conducts health camps and awareness programs for the community.

• The hospital is known for its affordable and quality healthcare services.