Hi Friends, I m new user to this site working in software company as a HR. Plz help me to plan the salary & grade structure. Regards, Swati :)
From India, Mumbai
1From India, Mumbai
Hi Swati
Welcome aboard!!
Plz check earlier post, just click on the foll
<link no longer exists - removed>
and
<link no longer exists - removed>
Shud have any difficulty m reachable on b/m cont dtls
Also plz check b/m link about our mumbai off-line meet..
<link no longer exists - removed>
warm regarsd
nikhil rane
+91 98922 42767
From India, Mumbai
Welcome aboard!!
Plz check earlier post, just click on the foll
<link no longer exists - removed>
and
<link no longer exists - removed>
Shud have any difficulty m reachable on b/m cont dtls
Also plz check b/m link about our mumbai off-line meet..
<link no longer exists - removed>
warm regarsd
nikhil rane
+91 98922 42767
From India, Mumbai
Hi Swati..
The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be 50 or 60% of basic.
Basic
HRA
TA
Other Allowance
Mobile Reimbursement / Month
Gross Per Month = Sum of all the above.
Gross Per Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Hope now it will be very much clear to you,
if you have any query feel free to ask.
Regards,
Amit Seth.
From India, Ahmadabad
The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be 50 or 60% of basic.
Basic
HRA
TA
Other Allowance
Mobile Reimbursement / Month
Gross Per Month = Sum of all the above.
Gross Per Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Hope now it will be very much clear to you,
if you have any query feel free to ask.
Regards,
Amit Seth.
From India, Ahmadabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Creating a Competitive Salary Structure.doc
Salary Structure.zip