1. Voluntary Retirement Scheme
By-
Nishal Ferrao (A16)
Sushidh Abhishek (A33)

2. VOLUNTARY RETIREMENT SCHEME
 A scheme to voluntarily retire
before retirement date
 A golden route to cut the
excess flab.

3. THE GOLDEN HANDSHAKE & ELIGIBILITY
 Minimum 45 years of age
 Served the company for at least 10 years
 Early separation- not counted as VRS legally
 Early separation- no benefit of tax exemption

4. BENEFITS
Provident
Fund
Subsidies Gratuity
Housing Cost of
Loans Transfer
Medical Salary for
Insurance Notice Period
Encashed
Leave

5. CONCLUSION
 The process of downsizing is for the posts of the organization
which have become redundant and not the person and the
organization still values the person.
 Since this process involves emotions and feelings, every care
must be taken by the management that the process must be
carried out in such a manner that it keeps the dignity of the
employees but at the same time achieves the objective in a
tactful manner.