Remuneration

 

Salary: Salary is given as per AICTE norms. However, higher salary is offered to the deserving candidates.

Provident Fund: IILM staff is eligible for provident fund which is operative with the Commissioner of Provident Fund, Govt of India, as per the Provident Fund policy of Govt of India.

Holidays: Faculty members and staff need time to attend to personal, family and societal obligations. We offer paid holidays viz., 9 days summer break and 4 days winter break to the employees.

Leave: Faculty members and staff are entitled to 15 days of earned leave, 12 days of composite Leave in each academic year.

Loans: Loans to faculty & staff members are provided (subject to approval) for house building -- major   repairs/new purchase; daughter’s or dependent sister’s marriage; serious illness -- hospitalization for self, spouse, parents and unmarried children; natural calamities and on similar compassionate grounds; purchase of own vehicles (two-wheeler/four-wheeler) and for higher education of children.

Study Leave: A study leave for a maximum period of two years is available (subject to approval) to employees who have completed one year of continuous service. During the period of study leave the faculty/staff member’s position will be maintained when he returns after the leave period.

 Maternity Leave (ML): ML may be granted to female faculty and staff members as per Maternity Benefit Act and Rules framed there under as applicable.