Hi Dear Professional Friends,
As you all are aware that now a days compensation bench marking is playing a vital roll in setting up good salary packages that needs organizstion to retain employee with longer time with the organizations.
Can any one help me out in details on the following issues :
Compensation & Benefits practices
Industry benchmarking on salary structures
Market trends on compensation, ESOP, variables, perks, etc.
CTC breakup and tax friendliness
How to do the above and to implement. or mail me if any documentation / procedure on them to my id
Thanks in advance
regards
SrinivaS
From India, Visakhapatnam
4As you all are aware that now a days compensation bench marking is playing a vital roll in setting up good salary packages that needs organizstion to retain employee with longer time with the organizations.
Can any one help me out in details on the following issues :
Compensation & Benefits practices
Industry benchmarking on salary structures
Market trends on compensation, ESOP, variables, perks, etc.
CTC breakup and tax friendliness
How to do the above and to implement. or mail me if any documentation / procedure on them to my id
Thanks in advance
regards
SrinivaS
From India, Visakhapatnam
Dear Mr.Srinivasan,
The bench marking of salary package is to be matched with similar kind of industry or allied business groups.
In my opinion, this may help you to understand the pulse of market conditions etc. However, there is no scientific methods to resolve the issue. There are few professional consultants can help you on this. Also, this can be referred to any such consultants for underaking your assignment.
Always, this has to be designed keeping in view of organisation's growth, expansion plans, performance etc.
With best wishes
S.Amarnath
From India, Bangalore
The bench marking of salary package is to be matched with similar kind of industry or allied business groups.
In my opinion, this may help you to understand the pulse of market conditions etc. However, there is no scientific methods to resolve the issue. There are few professional consultants can help you on this. Also, this can be referred to any such consultants for underaking your assignment.
Always, this has to be designed keeping in view of organisation's growth, expansion plans, performance etc.
With best wishes
S.Amarnath
From India, Bangalore
hi dudes,
It is not that you benchmark the salary package for all the same. When company earns profits it is that they are hike your salary to 20-40% and when the company earns a loss are they reducing the salary of yours.
All that companies i am bringing to attention. The salary of all the individuals should match as per current indian Economic rate of index.
No company is thinking of what is Current Economic rate of index and cost of living and other expenses which the employees are recurring.
I want all you guys and company to open the eyes and look up now.
If you have any problem of current salary you can look up in www.Salaryexpert.com
It has a section called salary calculator for all the countries and it is free to claculate. It has details of various designation, country and then you calculate.
if you people have any doubt please email me at
and i will send you current salary guide 2006.
From India, Madras
It is not that you benchmark the salary package for all the same. When company earns profits it is that they are hike your salary to 20-40% and when the company earns a loss are they reducing the salary of yours.
All that companies i am bringing to attention. The salary of all the individuals should match as per current indian Economic rate of index.
No company is thinking of what is Current Economic rate of index and cost of living and other expenses which the employees are recurring.
I want all you guys and company to open the eyes and look up now.
If you have any problem of current salary you can look up in www.Salaryexpert.com
It has a section called salary calculator for all the countries and it is free to claculate. It has details of various designation, country and then you calculate.
if you people have any doubt please email me at
From India, Madras
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PMS COmpensation and Benefits.doc
Certified Compensation & Benefits Manager.pdf