Practice AreaEmployment Compensation & Benefits

GLC’s Employment Compensation & Benefits practice provides advice and assistance on legal matters in connection with employee recruitment, promotion and other advancement issues, increments and bonus issues, termination and equity arrangements as compensation.

Here is a high-level overview of our services in this area:

RECRUITMENT STRATEGY

Different clients adopt different strategies when it comes to recruitment. In some cases, the recruitment of full-time employees may make sense, while in other cases, clients may simply benefit from hiring independent contractors or consultants. Right from understanding our client’s context and background, our team of capable lawyers advises our clients on different recruitment strategies and also handles the relevant contractual documentation pursuant to the needs of the client. Our advisory and contract review and drafting services also include the areas of promotion and other advancement issues, increments and bonus issues, and various issues related to termination, such as notice period disputes, retaining of documents, advances or security deposits and the like.

CEO/CTO/VP RECRUITMENT

Recruiting for a C-Suite position can be a daunting task considering the critical role that these employees play on behalf of the Company, and also because said candidates can bind the company to a number of third-party obligations. C-suite recruitment is also complex because a number of times it involves the potential buy-out of notice period, buy out security deposits, and other such “parachute” issues that relate to a high-value target employee. Our team can be involved in end-to-end recruitment of C-suite candidates, right from conducting due diligence, all the way to negotiating buy-out provisions on behalf of the clients.

ESOPs, SWEAT EQUITY SCHEME & OTHER BENEFITS

We advise our clients on structuring their equity-base compensation schemes, for e.g., ESOP schemes or sweat equity schemes, keeping in view our clients’ goals and objectives, which are generally to retain their talented workforce, but at the same time protecting their shareholder interest in ensuring that any parted equity is utilized for maximizing the shareholder value. We also help work with clients on a range of statutory and non-statutory benefits that they may offer their employees, including the regulatory landscape surrounding such benefits. E.g., earned/sick leaves, social security schemes (including Employees Welfare Fund, Group Insurance Policies, Provident Fund, Pension), medical and educational facilities, death/disablement benefits, educational programs, maternity/paternity leaves, payment of gratuity, retirement benefits, unemployment, workers’ compensation etc.

 

Disclaimer & Confirmation

As per the rules of the Bar Council of India, Indian lawyers and law firms are not permitted to solicit work or advertise legal services. By viewing this website or by reviewing or using the information on this website, you, the user, agree to the following:
  • There has been no advertisement, personal communication, solicitation, invitation or inducement of any kind from GLC & Partners or any of its members to solicit any work through this website; and
  • The user wishes to gain more information about GLC & Partners, its members, and its practice areas, for his/her own information and use; and
  • The information about GLC & Partners, its members, and its services is provided to the user only on his/her specific request and any information obtained or materials downloaded from this website is completely at the user’s volition; and
  • Any transmission, receipt or use of this website would not create any lawyer-client relationship between GLC & Partners or its members and the user; and
  • The information provided under this website is solely available at your request, for informational purposes only, and should not be interpreted as solicitation or advertisement.
GLC & Partners or its members are not liable for any consequence of any action taken by the user relying on material/information provided under this website. In cases where the user has any legal issues, he/she in all cases must seek independent legal advice.