Dear Friends,
Hello!!
I am based in Baroda. I have to work on revamping the salary structure of our employees based on the current market trends. I am not aware of the present scenario in the market as far as the lower and upper limit of salary is concerned. I have tried to talk to a few consultants but to no avail. I am new to the field of HR, so I do not know many HR professionals in other companies.
Is there some HR professional based in Baroda who can kindly help me to know the lower and the upper limit of salary structure for various hierarchies in various departments? Are there some government institutions or forums that set such limits? Will some other organization be able to help? Please let me know the same at the earliest.
Regards, Vinita
Been desperately trying to get the salary structure
From India, Bharuch
Acknowledge(0)
Amend(0)
17Hello!!
I am based in Baroda. I have to work on revamping the salary structure of our employees based on the current market trends. I am not aware of the present scenario in the market as far as the lower and upper limit of salary is concerned. I have tried to talk to a few consultants but to no avail. I am new to the field of HR, so I do not know many HR professionals in other companies.
Is there some HR professional based in Baroda who can kindly help me to know the lower and the upper limit of salary structure for various hierarchies in various departments? Are there some government institutions or forums that set such limits? Will some other organization be able to help? Please let me know the same at the earliest.
Regards, Vinita
Been desperately trying to get the salary structure
From India, Bharuch
Acknowledge(0)Amend(0)
Hi Vinita,
You can check the job portals for similar kinds of jobs and see their salaries, on which you can conclude the salary bracket based on the level at which your company pays, e.g., high payers or not.
Regards,
Kavana
From India, Ghaziabad
Acknowledge(0)Amend(0)
You can check the job portals for similar kinds of jobs and see their salaries, on which you can conclude the salary bracket based on the level at which your company pays, e.g., high payers or not.
Regards,
Kavana
From India, Ghaziabad
Acknowledge(0)Amend(0)
Hi, the basic components of the Salary Structure are:
- Basic
- Dearness Allowance
- City Compensatory Allowance
- House Rent Allowance
- PF Contribution & Pension
- Petrol Allowances
- Cellphone allowance
- Entertainment Allowance
- Medical allowance
When considering the above, you also need to calculate the income tax applicability. The salary can be determined based on designations, and when assigning a person to a specific designation, the salary can be fixed at that level.
With regards,
Yoganth Murthy
From India, Bangalore
Acknowledge(0)Amend(0)
- Basic
- Dearness Allowance
- City Compensatory Allowance
- House Rent Allowance
- PF Contribution & Pension
- Petrol Allowances
- Cellphone allowance
- Entertainment Allowance
- Medical allowance
When considering the above, you also need to calculate the income tax applicability. The salary can be determined based on designations, and when assigning a person to a specific designation, the salary can be fixed at that level.
With regards,
Yoganth Murthy
From India, Bangalore
Acknowledge(0)Amend(0)
Also you can refer some surveys conducted by different companies and institutions. please let me know which industry are you working for if I have something I will help you with it. Regards, Inshia
Acknowledge(0)Amend(0)
Acknowledge(0)Amend(0)
Dear Inshia, Hello! I am working for a company manufacturing contact lenses based in Baroda. Can you please let me know which institutions will give me such database. Regards, Vinita.
From India, Bharuch
Acknowledge(0)Amend(0)
From India, Bharuch
Acknowledge(0)Amend(0)
Dear All,
Hi! I am Renu, working with a USA-based manufacturing company with its headquarters in Jaipur. We are also facing the same dilemma regarding the salary structure. How to compare ourselves with other companies? I also feel that we are in trouble more so because there are very few manufacturing industries in Jaipur, and obviously, the salary range is also as per the location.
I also have to look into the aspects of what would be the salary range in the Delhi region if we put up another plant there. Can someone help with suggestions/details of agencies who conduct this sort of survey/website where I can get help?
Meanwhile, I have found something that might be useful as a reference. I have checked that it is downloadable and can be used as a reference. It's from kellyservices.co.in.
Please keep posting,
Renu
Acknowledge(0)Amend(0)
Hi! I am Renu, working with a USA-based manufacturing company with its headquarters in Jaipur. We are also facing the same dilemma regarding the salary structure. How to compare ourselves with other companies? I also feel that we are in trouble more so because there are very few manufacturing industries in Jaipur, and obviously, the salary range is also as per the location.
I also have to look into the aspects of what would be the salary range in the Delhi region if we put up another plant there. Can someone help with suggestions/details of agencies who conduct this sort of survey/website where I can get help?
Meanwhile, I have found something that might be useful as a reference. I have checked that it is downloadable and can be used as a reference. It's from kellyservices.co.in.
Please keep posting,
Renu
Acknowledge(0)Amend(0)
Hi Vinita,
I suggest you go and check out the current rates on real estate, petrol, and consumer price indices. This will enable you to evaluate fixed salaries and the relevant hikes to be given at the time of performance.
Regards,
Maithilee.
From India, Mumbai
Acknowledge(0)Amend(0)
I suggest you go and check out the current rates on real estate, petrol, and consumer price indices. This will enable you to evaluate fixed salaries and the relevant hikes to be given at the time of performance.
Regards,
Maithilee.
From India, Mumbai
Acknowledge(0)Amend(0)
Hi,
Probably you can visit www.paycheck.in. The site is managed by IIM, Ahmedabad and has a salary range covering all the designations in the manufacturing sector. I hope this will be of some help to you.
Regards,
Khushi
From India, Ahmadabad
Acknowledge(0)Amend(0)
Probably you can visit www.paycheck.in. The site is managed by IIM, Ahmedabad and has a salary range covering all the designations in the manufacturing sector. I hope this will be of some help to you.
Regards,
Khushi
From India, Ahmadabad
Acknowledge(0)Amend(0)
Hi, Check on the September 15 2006 edition of Dataquest Magazine for Salary Survey 2006. Regards, Naveen
From India, Madras
Acknowledge(0)Amend(0)
From India, Madras
Acknowledge(0)Amend(0)
Hi Rains13,
This is really helpful for everybody in the HR department because it helped me a lot in fixing the salaries for my employees. Thanks for providing such great information. Thanks a lot once again. Keep posting and have a nice day :)
LalithaJ
From India, Hyderabad
Acknowledge(0)Amend(0)
This is really helpful for everybody in the HR department because it helped me a lot in fixing the salaries for my employees. Thanks for providing such great information. Thanks a lot once again. Keep posting and have a nice day :)
LalithaJ
From India, Hyderabad
Acknowledge(0)Amend(0)
Hi Vinita,
I assume you are aware of your immediate competitors or similar companies. If you are using any job portals, consider reaching out to various candidates from your competitors for a telephonic round of interviews. Record this information in an Excel sheet. You can validate the data further by requesting their original salary slips and consolidating the information in the Excel sheet. Alternatively, you can also conduct walk-in interviews to gather data on potential candidates.
While this data may not be entirely accurate, it will definitely provide you with an idea regarding the distribution. I have utilized this approach before.
Best Regards,
Vinay Ravindran
[Link to HR Online Group](http://finance.groups.yahoo.com/group/HumanResourceOnLine)
From India, Hyderabad
Acknowledge(0)Amend(0)
I assume you are aware of your immediate competitors or similar companies. If you are using any job portals, consider reaching out to various candidates from your competitors for a telephonic round of interviews. Record this information in an Excel sheet. You can validate the data further by requesting their original salary slips and consolidating the information in the Excel sheet. Alternatively, you can also conduct walk-in interviews to gather data on potential candidates.
While this data may not be entirely accurate, it will definitely provide you with an idea regarding the distribution. I have utilized this approach before.
Best Regards,
Vinay Ravindran
[Link to HR Online Group](http://finance.groups.yahoo.com/group/HumanResourceOnLine)
From India, Hyderabad
Acknowledge(0)Amend(0)
Hi, this is Suresh working with Based in Germany Manufacturing company. I have some details of the basic salary structure because it helped me a lot in fixing the salaries for my CL employees. Kindly attach and send them to me. Please help me, everybody.
Regards,
K. Suresh
From India, Madras
Acknowledge(0)Amend(0)
Regards,
K. Suresh
From India, Madras
Acknowledge(0)Amend(0)
Hi,
The most scientific way to handle this is to do a compensation benchmarking. There are good agencies in the market who can help you with this. However, that can be a costly proposition. To keep it economical, you can use any job portal e.g. Naukri and make your own database based on information available there. However, for this to be effective, you need to consider only recently updated profiles.
From India, Mumbai
Acknowledge(0)Amend(0)
The most scientific way to handle this is to do a compensation benchmarking. There are good agencies in the market who can help you with this. However, that can be a costly proposition. To keep it economical, you can use any job portal e.g. Naukri and make your own database based on information available there. However, for this to be effective, you need to consider only recently updated profiles.
From India, Mumbai
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Compensation Benchmarking Survey.doc
Compensation Structure.ppt