Hi all, Please provide me the salary structure or grade structure for an engineering company deals with subsea, offshore oil gas and marine industry.
From India, Delhi
From India, Delhi
can you help me out with the salary range and the different designation that you are following .. I may be in a position to help you out
From India, Mumbai
18From India, Mumbai
Dear Manju;
To decide the salary structure you need to take into account basically two factors. First is what is the % cost affordable for the company on labour and secondly how many jobs do you have so that you can equitably distribute that amount among various jobs according to their contributions.
You can start on listing the jobs and their grouping into maximum 3 to 5 groups. The salary difference between these groups can be lowest group salary is x then one higher group salary should be 110% x or 115% x.
Then you consider the quantum of salary that company can afford. You can now easily distribute that amount in to salary grades.
There are many more minute details. But the above is the basic and most important of all.
Vibhakar Ramtirthkar
HR Consultant
9371001906
From India, Pune
To decide the salary structure you need to take into account basically two factors. First is what is the % cost affordable for the company on labour and secondly how many jobs do you have so that you can equitably distribute that amount among various jobs according to their contributions.
You can start on listing the jobs and their grouping into maximum 3 to 5 groups. The salary difference between these groups can be lowest group salary is x then one higher group salary should be 110% x or 115% x.
Then you consider the quantum of salary that company can afford. You can now easily distribute that amount in to salary grades.
There are many more minute details. But the above is the basic and most important of all.
Vibhakar Ramtirthkar
HR Consultant
9371001906
From India, Pune
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Creating a Competitive Salary Structure.doc
Salary Structure.zip