we give compensation based on how many years he worked.for example karthick he worked past 5 years in IT company that software company gave 10 lacks as compensation for made delay to be given salary.
From India, Coimbatore
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1From India, Coimbatore
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Whatever compensation you give your employees is not only limited to their experience, but once employed, they need to enhance their level of contribution in such a competitive market, especially in the IT industry. To be the best competitor, ensure that the remuneration you offer is top-notch.
Thank you.
From India, Visakhapatnam
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Thank you.
From India, Visakhapatnam
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By compensation, do you mean salary? There is no standard criterion. You need to check the market rate: how much others are paying and pay similar amounts. You can also check the internet for recent updates on compensation surveys in a specific industry. We cross-check salary levels with friends we have in other industries and companies to see how far we are from market rates.
From India, Mumbai
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From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Salary & Compensation Guidelines.zip
Employee Salary file - India 2016 AB.xls
Employee's Compensation Act-2009.pdf