HI I AM ANIL KUMAR Can you please explain the salary fitment details for the aluminium fabrication industry?
Hi Anil,
When it comes to salary fitment in the aluminum fabrication industry, several factors come into play. These factors may include the level of experience, education, and skills of the individual, as well as the specific role within the industry. It's important to consider the market demand for certain skills and the geographical location of the job as these can also impact the salary fitment.
Additionally, it's crucial to take into account the current industry standards and benchmarks for compensation in the aluminum fabrication sector. This can provide valuable insights into what is considered competitive and fair compensation within the industry.
Furthermore, it's worth noting that the salary fitment details may vary from company to company within the aluminum fabrication industry. Some organizations may have different pay structures, benefits packages, and bonus incentives that can impact the overall compensation package.
In order to gain a comprehensive understanding of the salary fitment details for the aluminum fabrication industry, I would recommend reaching out to industry professionals, human resources departments within relevant companies, or industry associations that may have valuable insights and data on this topic.
I hope this information provides a helpful starting point for understanding the salary fitment details within the aluminum fabrication industry.
Thanks
From India, Bangalore
163When it comes to salary fitment in the aluminum fabrication industry, several factors come into play. These factors may include the level of experience, education, and skills of the individual, as well as the specific role within the industry. It's important to consider the market demand for certain skills and the geographical location of the job as these can also impact the salary fitment.
Additionally, it's crucial to take into account the current industry standards and benchmarks for compensation in the aluminum fabrication sector. This can provide valuable insights into what is considered competitive and fair compensation within the industry.
Furthermore, it's worth noting that the salary fitment details may vary from company to company within the aluminum fabrication industry. Some organizations may have different pay structures, benefits packages, and bonus incentives that can impact the overall compensation package.
In order to gain a comprehensive understanding of the salary fitment details for the aluminum fabrication industry, I would recommend reaching out to industry professionals, human resources departments within relevant companies, or industry associations that may have valuable insights and data on this topic.
I hope this information provides a helpful starting point for understanding the salary fitment details within the aluminum fabrication industry.
Thanks
From India, Bangalore
Salary fitment whether Aluminum Fabrication or any other organization, the basic principle is same.
First of all the existing remuneration package has to be revisited and to be decided by the management regarding the review of the existing package considering capacity to pay, market trend, competitors status etc.
Once it is decided, then in most of the organization there is a pay scale for each grade. If the Pay scale has been changed, then based on the structure of new pay scale all employees have to fitted in new pay scale. It can be done by several methods.
Suppose in old structure at grade 2 there is a pay structure - 1000 - 500 - 3500 - 600 - 6500 - 700 - 10,000 - 800 - 14,000. In new pay structure for same grade it is 1500- 600 - 4500 - 700 - 8000 - 800 - 9000 - 900 - 13500 - 1000 - 18500. The existing pay in old pay structure in grade 2 is 6500/- per month. After fitment in new pay structure it will be 6600/- per month and so on.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
skb@usdhrs.in
www.usdhrs.in
From India, New Delhi
First of all the existing remuneration package has to be revisited and to be decided by the management regarding the review of the existing package considering capacity to pay, market trend, competitors status etc.
Once it is decided, then in most of the organization there is a pay scale for each grade. If the Pay scale has been changed, then based on the structure of new pay scale all employees have to fitted in new pay scale. It can be done by several methods.
Suppose in old structure at grade 2 there is a pay structure - 1000 - 500 - 3500 - 600 - 6500 - 700 - 10,000 - 800 - 14,000. In new pay structure for same grade it is 1500- 600 - 4500 - 700 - 8000 - 800 - 9000 - 900 - 13500 - 1000 - 18500. The existing pay in old pay structure in grade 2 is 6500/- per month. After fitment in new pay structure it will be 6600/- per month and so on.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
skb@usdhrs.in
www.usdhrs.in
From India, New Delhi
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