Hi people,

I conducted a recent course on Basics of Compensation for Goa University and have attached the PowerPoint presentation for your reference. I sincerely hope that it benefits somebody. Your comments are also invited for improvement.

Regards,
Monarch

From India, Bangalore
Attached Files (Download Requires Membership)
File Type: ppt compensation_course_sharing_401.ppt (297.5 KB, 11998 views)


Hi Monarch,

No doubt, it is a good contribution. Thanks a lot. Since you have conducted the same at GOA University, perhaps you have more details on MS-Word format which are linked with this PPT format. If you could please share that, it will be more helpful for everybody. Waiting for that... Thanks in advance.

Asad

From Bangladesh, Dhaka

Hi Asad,

I have gone through various reading materials and books to create this presentation. You will find all the necessary information in compensation books. I made it directly on PowerPoint without using any Word document. However, if you have any specific questions about this, I would be more than happy to help.

Thank you!

From India, Bangalore

Hi,

I am working in the payroll department and would like more information about different aspects of compensation and benefits. It would be much more useful if you could email me the PowerPoint presentation at my email address - .

Thanks a million.

Regards,
Ritu Ghai



Hi,

I am doing compensation and benefits study in one of the companies and I have a small query. Instead of providing a special allowance, can an employee choose their own benefits (such as entertainment, gym, etc.) and pay for the fringe benefits themselves? This could be a win-win situation for both parties:

Employer - easier to retain talent with no additional tax burden
Employee - a special allowance would incur more tax burden than paying Fringe Benefits Tax (FBT) on other benefits

Thank you.

From India, Madras

Hi Friends, Here is Salary Break up Calculator. Please see the Attachment. Enter Annual Cost in top left hand side marked (YELLOW) only. Keep Smiling...... mahesh k prasad
From India, Mumbai
Attached Files (Download Requires Membership)
File Type: zip New Comart Salary Break up-Calculator.zip (4.7 KB, 3252 views)


We deliver HR software and payroll outsourcing services and find that many payroll professionals are not clear on whether they should be using 30 days, 26 days, or the actual calendar days as the basis of pay calculation each month. We believe that the actual number of days should be used each month for pay calculation rather than using 30 days or 26 days. Please find attached a note detailing why using 30 days as the basis can lead to problems in pay calculation.

I welcome comments on the note. If you wish to know about software or payroll services, please get in touch with me at .

Regards, T E Gautham

From India, Madras
Attached Files (Download Requires Membership)
File Type: doc The30dayproblem.doc (89.5 KB, 950 views)


Pls check your caliculations by 26 and by 30. Differnce is not that much correct. check it once again
From India, Warangal

Dear Tegautham,

What I gathered from your email is that you are considering days as the basis for salary calculation, which should not be the case. It should be the actual salary, regardless of the number of days.

For example, if an individual's salary is Rs. 30,000 per month, it should remain the same whether there are 28 days, 30 days, or 31 days in a month.

Regards,
Ravindra

From India, Mumbai

Agreed. Of course, it should be the same amount irrespective of the number of days a month has.

The problem I am trying to illustrate is for the pay calculation in the first month (or the last month) of a person's stint in a company.

From India, Madras

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