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All of the benefits listed below are administered and managed by Global Upside. As part of the onboarding process Global Upside will reach out to team members in their first week to arrange setup and enrollment. Should you have any questions, please contact:
||Questions regarding benefits elections|
Global Upside has a provident fund that the employees pay to the government. This is included in the CTC. The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 (EPF Act) applies to specific scheduled factories and establishments with 20 or more employees, as well as employees who earn INR15,000 (INR25,000 for the disabled) or less per month at entry level. It ensures retirement benefits and family pensions on death in service. EPF benefits typically extend to all employees in an organization.
Employee Contribution(% of base salary): EPF: 3.67% and EPS: 8.33%, Total Contribution: 12%
Employer Contribution(% of base salary): EPF: 12%, EPS: None Salary Ceiling: EPF: Mandatory contribution remains up to a monthly salary ceiling of INR15,000
Most companies in India do not offer life insurance as part of the benefits package. Global Upside, similarly, does not offer a life insurance plan to GitLab team members. Most workers in India will typically get their own life insurance which can be portable throughout their lifetime.
Sodexo Meal Cards are an optional employee purchased benefit. These Meal Cards work like a Debit Card, which can be used at any outlet selling food items and non-alcoholic beverages that accept card payments. If you would like purchase these a deduction from salary will be made each month. All team members are gien the option to opt-in for Sodexo cards during the pre-onboarding process managed by the CES (Candidate Experience Specialist) team.
Total Rewards will consult with Global Upside to ensure that the statute is met.