What is Fundo de Garantia por Tempo de Serviço (FGTS)

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Chapter 10

Internet of Behaviors Implementation in Organizational Contexts

Severance Pay Fund, is a benefit provided to workers in Brazil. It is a social and economic fund managed by Caixa Econômica Federal – CEF ( https://www.caixa.gov.br AU85: The URL https://www.caixa.gov.br has been redirected to https://www.caixa.gov.br/Paginas/home-caixa.aspx. Please verify the URL. ), aimed at protecting labor rights and promoting financial stability for workers. The FGTS is a monthly deposit equivalent to 8% of the employee's salary, made by the employer into an individual account held by the worker at CEF. The deposited amount is not deducted from the worker's salary and is the employer's obligation. The FGTS is a right guaranteed by Brazilian labor legislation, aiming to protect workers' interests and provide financial security during times of need. The funds deposited in the FGTS are adjusted for inflation and may also earn interest over time, according to the government's established policies.

Published in Chapter:

Human Behavior in Telework: A Modality of Work Centered on the Human Being That Promotes Opportunities and Social Integration

Janaína Almeida Bastos (Pontifícia Universidade Católica de São Paulo, Brazil) and João Pinheiro de Barros Neto (Pontifícia Universidade Católica de São Paulo, Brazil)

Source Title: Internet of Behaviors Implementation in Organizational Contexts

DOI: 10.4018/978-1-6684-9039-6.ch010

Abstract

In 2020, Brazilians were faced with the COVID-19 health crisis that caused a rupture in market and business standards, technologies, and models, directly affecting the way people relate to each other, work, and live, reshaping the social, cultural, and economic contexts. Among these changes, remote work has never been so evident in the daily life of companies and their employees. In this context, the question that guides this work is: What is the impact of working from home on people management in companies from the human resources point of view? This study is an exploratory survey carried out by means of an online questionnaire, responded to by 121 participants. The results indicate that telework can be a more humane way of working and a solution to numerous problems of modern society.

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