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| Message From: jigar |
Total Posts: 25 |
Rank: Beginner |
| Post Date: 30/06/2008 01:02:17 |
Points: 125 |
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Dear HR professionals,
I have been given a task to create a salary structure of one of our new company. Can anyone give me a basic outline or steps that should be taken in order to arrive at a competitive and fair salary structure.
Best Regards Jigar
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| Message From: hrtech |
Total Posts: 22 |
Rank: Beginner |
| Post Date: 30/06/2008 01:05:16 |
Points: 110 |
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The Monthly Salary structure that we have in our Company is :
Basic - 35% of the monthly CTC
HRA - 60% of the Basic
CCA - 40% of the Basic
Transport - Rs. 800 (Fixed for all the employees)
Medical - Rs. 1250 (Starting from the Sr. Executive grade)
LTA - Rs. 1000 (Starting from the Sr. Executive grade)
PF - 12% of the basic
Special Allowance (SA) - This is the balance figure after deducting all the above components from total CTC.
ESIC - 4.75% (CTC less than Rs. 7500)
We do not include the LTA/Medical in Salary Slips as it becomes taxable.
Hope this suffices you.
hrtech |
| Message From: aarti.s |
Total Posts: 16 |
Rank: Beginner |
| Post Date: 30/06/2008 01:07:01 |
Points: 80 |
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hi jigar,
salary stru in our organisation is like this we distribute our ctc in three heads basic, grade based bouquet and Variable allowance
Basic- 45% of bouquet
Bouquet - 30% bouquet (includes HRA, LTA, Medical,Children Education and Conveyance which every staff member is given to configure under whatever head they want to claim.. keeping in mind the Tax liability)
VA - 10-15% of the CTC depending upon function and performance of the person
regards
Aarti Sharma |
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