Hi all,
I work for an IT company with a staff strength of 350 employees in India. We have planned to revise the salary for our employees. Right now, the trainees receive a stipend of 6500/- for 6 months, and after six months, they become ASEs and start with a salary ranging from 1.2-1.6 Lacs. I want to restructure the compensation package. Other positions like SE earn between 2.5-4 Lacs, and SSE earns between 3.5-5 Lacs. We aim to increase the trainees' salaries to Rs. 1.2 Lacs without significantly impacting the salaries of higher-level professionals like ASEs. We do not intend to alter their CTCs. Are there any parameters that need to be followed? I appreciate your help in this matter.
Thanks,
Mariaa
From India, Bangalore
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6I work for an IT company with a staff strength of 350 employees in India. We have planned to revise the salary for our employees. Right now, the trainees receive a stipend of 6500/- for 6 months, and after six months, they become ASEs and start with a salary ranging from 1.2-1.6 Lacs. I want to restructure the compensation package. Other positions like SE earn between 2.5-4 Lacs, and SSE earns between 3.5-5 Lacs. We aim to increase the trainees' salaries to Rs. 1.2 Lacs without significantly impacting the salaries of higher-level professionals like ASEs. We do not intend to alter their CTCs. Are there any parameters that need to be followed? I appreciate your help in this matter.
Thanks,
Mariaa
From India, Bangalore
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Hi Mariaa, Just give a glance to this salary report (Bangalore), you will gain some idea. ~Sanjay
From India, Madras
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From India, Madras
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Hi Mate.... here you are...check out the salary report for Hyderabad. ~Sanjay
From India, Madras
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From India, Madras
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Dear Friends, Would you have information on salary levels in the Health Care-Hospital Sectors? Grateful for your advice. Regards, Sanjib.
From India, Delhi
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From India, Delhi
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Hi, I hope you are working in Coimbatore IT company. I am in need of salary slabs for different positions. If you have the details, please email them to me at my email address: lavanyaselvaraj@yahoo.co.uk
Looking forward to your response.
Regards, Lavanya S
From India, Coimbatore
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Looking forward to your response.
Regards, Lavanya S
From India, Coimbatore
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hi!! can anyone help me with the salary structure of domestic BPO’s i m in urgent need
From India, Delhi
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From India, Delhi
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Dear friends,
I just want to know how the salary is calculated, how much percentage is to be divided for BASIC, HRA, DA, and other allowances. Payroll processing differs from one company to another. Please give me a brief discussion.
Thanks & Regards,
Paramagurunaath.SPS
From India, Madras
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I just want to know how the salary is calculated, how much percentage is to be divided for BASIC, HRA, DA, and other allowances. Payroll processing differs from one company to another. Please give me a brief discussion.
Thanks & Regards,
Paramagurunaath.SPS
From India, Madras
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Hi Rajat,
Should the company have to pay any Fringe Benefit Tax (FBT) for House Rent Allowance (HRA) in employees' salaries? I am attaching a Salary Break Up sheet that our company has decided to implement. Could you please guide me on what should be the percentage for the different heads and the percentage of FBT that our company has to pay? Our company is based in Kolkata.
Thanks,
Arunava.
From India, Gurgaon
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Should the company have to pay any Fringe Benefit Tax (FBT) for House Rent Allowance (HRA) in employees' salaries? I am attaching a Salary Break Up sheet that our company has decided to implement. Could you please guide me on what should be the percentage for the different heads and the percentage of FBT that our company has to pay? Our company is based in Kolkata.
Thanks,
Arunava.
From India, Gurgaon
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Dear Arunava, Your company is not liable to pay any FBT as per the payslip provided by you. Regards Jai
From India, Pune
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From India, Pune
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Hi, I am totally new to HRM, however, I have been working in the finance department for more than 5 years. I am in the process of developing a salary structure for my company (30 employees). We are a machine maker for the Semiconductor industry; the majority of the staff in my company are Engineers, technicians, and operation staff.
Can someone please guide me on how to create a fair salary structure for the company? One of the challenges is how to pay skilled Engineers more than a Manager who may not be as skillful. The skilled Engineer may have a higher pay compared to the manager. How does this all work? Can someone provide me with some websites or information to study? Your help is very much appreciated. Thanks.
My email address is mytan@innogrity.com
My name is Sophie
From Malaysia, Penang
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Can someone please guide me on how to create a fair salary structure for the company? One of the challenges is how to pay skilled Engineers more than a Manager who may not be as skillful. The skilled Engineer may have a higher pay compared to the manager. How does this all work? Can someone provide me with some websites or information to study? Your help is very much appreciated. Thanks.
My email address is mytan@innogrity.com
My name is Sophie
From Malaysia, Penang
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Dear All,
We have started a new IT company in Vadodara, Gujarat. Can someone suggest a salary structure that includes all allowances?
I would be thankful if you could email me at info@tabsbi.com.
Thanks, Sparmar
From India, Ahmadabad
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We have started a new IT company in Vadodara, Gujarat. Can someone suggest a salary structure that includes all allowances?
I would be thankful if you could email me at info@tabsbi.com.
Thanks, Sparmar
From India, Ahmadabad
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Hi Maria,
If you don't want to increase their CTC, then make their basic more than 6500 so that they will be out of the preview of PF. This way, you can increase their in-hand salary, and you can implement the same in EPF.
Regards,
Anil Kumar
From India, Lucknow
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If you don't want to increase their CTC, then make their basic more than 6500 so that they will be out of the preview of PF. This way, you can increase their in-hand salary, and you can implement the same in EPF.
Regards,
Anil Kumar
From India, Lucknow
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Hi, I am Rohit Kumar. I am working in a manufacturing company and presently pursuing an MBA in HR. I want to know what the standard salary structure is and how much the deductions are (PF, ESI, Medical, and others). Please send me the salary sheet as well.
I am awaiting your response as soon as possible.
Thanks,
Rohit Kumar
From India, Delhi
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I am awaiting your response as soon as possible.
Thanks,
Rohit Kumar
From India, Delhi
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Creating a Competitive Salary Structure.doc
Salary & Compensation Guidelines.zip