Actuarial assumptions represent one of the essential components, though they are quite ignored, of the financial management system in the corporate sector. These assumptions are the foundation for reckoning with employee benefits, which are of a long-term nature, like gratuity, pensions, leave encashment, and other post-employment benefits. The assumptions interpret the uncertain future events as […]
Actuarial valuation is essential for understanding workforce-related costs, one of the largest and most complex financial commitments for organizations. Beyond salaries and short-term benefits, businesses must account for long-term employee obligations, including gratuity, pensions, leave encashments, and post-employment benefits. These obligations extend far into the future and are influenced by variables such as employee tenure, […]
Understanding Actuarial Valuation of Gratuity If you have a team that’s been around for some time, you already know that gratuity isn’t simply a nice-to-have — it’s also a legal requirement. But when it comes to financially preparing for it, most companies tend to wait until the event happens. And that’s where actuarial valuation comes […]