Compensation & Benefits
Psych is committed to offering a supportive and transparent work environment. Below are the key components of our compensation and benefits policy.
Salary Slips
Every employee receives a detailed monthly salary slip that outlines the components of their compensation, including basic pay, allowances, deductions, taxes, and net salary. This helps ensure transparency in payment and supports employees in tasks like applying for loans or filing income tax returns. To donlaod the salary slip, please visit Salary Sip on One-Psych Portal.
Maternity Leave
Our company supports working mothers by offering paid maternity leave in accordance with government regulations and internal policies. This allows new mothers time to rest, recover, and bond with their newborn without worrying about their job security or income during this important phase.
| Criteria | Details |
|---|---|
| Duration | 26 weeks (for the first child) |
| Eligibility | Available after 1 year of continuous service |
| Leave Limit | Maximum of 2 times during employment |
| Second Child | Only 12 weeks of leave |
| Adoptive Mothers | 12 weeks if the adopted child is under 1 year old |
| Advance Notice | 65 days with medical proof |
| Post-Maternity Condition | Must serve for at least 1 year post-return or repay benefits |
Paternity Leave
We believe parenting is a shared responsibility. Hence, new fathers are eligible for paternity leave, enabling them to support their partners and spend valuable time with their child during the early days of parenthood. This fosters a healthier work-life balance and encourages a family-friendly workplace culture.
- Leave Duration: 5 working days
- Eligibility: All male employees
- Approval Requirement: Prior approval from reporting manager
- Purpose: To support the partner and spend time with the newborn
Reimbursement Policy
Employees can claim reimbursements for approved work-related expenses on behalf of the company. Claims are processed through a simple and transparent procedure, ensuring employees are not out-of-pocket for valid business expenses.
- Reimbursement available for business-related expenses such as:
- Travel
- Meals (during work travel)
- Accomodation
- Process:
- Submit valid bills/invoices
- Get approval from the reporting manager
- Reimbursement is processed via payroll or expense platform
For more details, please refer to the Employee Handbook or reach out to the HR team.