Hi,
Can anyone help me out to set the salary breakup at different level in organisation.
I am working with an IT company, currently 60+ employee are working and now i have to design salary breakup for all different levels.
Previously we are not following any standard breakup of salary.
And we are having one policy that we are deducting 10% of basic salary of employee on monthly basis and this amount would be release after six month on the same proportionate value.
This is applicable for all employees, can any one suggest me breakup of salary on different slab. I would like to divide the salary into five parts:
1. Gross 7 - 10K
2. Gross of 11-20K
3. Gross of 21-35K
4. Gross of 36-50K
5.Gross of 51K and above
Looking for quick responce
Regards,
Seema
From India, Delhi
3Can anyone help me out to set the salary breakup at different level in organisation.
I am working with an IT company, currently 60+ employee are working and now i have to design salary breakup for all different levels.
Previously we are not following any standard breakup of salary.
And we are having one policy that we are deducting 10% of basic salary of employee on monthly basis and this amount would be release after six month on the same proportionate value.
This is applicable for all employees, can any one suggest me breakup of salary on different slab. I would like to divide the salary into five parts:
1. Gross 7 - 10K
2. Gross of 11-20K
3. Gross of 21-35K
4. Gross of 36-50K
5.Gross of 51K and above
Looking for quick responce
Regards,
Seema
From India, Delhi
18 views :( :( :( seniors please guide me to design the salary breakup. Regards, Seema :cry:
From India, Delhi
From India, Delhi
Dear HR peofessionals, I am feeling bad that after 39 views i have no response from any one. no one can help me.....
From India, Delhi
From India, Delhi
Dear Seema,
Iam just sharing with you the salary structure followed in IT Companies. This may be taken as the Yard stick, am not sharing with you the amounts as this involves confidentiality issues. The percentage on the components may be shared. Please see if this is useful.
This is generic structure. You may fine tune.
You may back work and fix levelwise according to your comany norms.
You may also add perquisites like food coupons in Annual components based on your Organisation's decision.
Please getback to me if you have any queries.
Best Regards,
Madhu.S
From India, Madras
Iam just sharing with you the salary structure followed in IT Companies. This may be taken as the Yard stick, am not sharing with you the amounts as this involves confidentiality issues. The percentage on the components may be shared. Please see if this is useful.
This is generic structure. You may fine tune.
You may back work and fix levelwise according to your comany norms.
You may also add perquisites like food coupons in Annual components based on your Organisation's decision.
Please getback to me if you have any queries.
Best Regards,
Madhu.S
From India, Madras
Yes Madhu,
Thanks. Actually i want to know abt the general components of salary in different organisations and wht are their break ups in percentage on the basis of gross/ctc or basic salary.
Like PF is 12% of basic, HRA is 40-50% of basic..........etc.
Plz let me know whether u get me or not
Thanks
Nidhi
From India, New Delhi
Thanks. Actually i want to know abt the general components of salary in different organisations and wht are their break ups in percentage on the basis of gross/ctc or basic salary.
Like PF is 12% of basic, HRA is 40-50% of basic..........etc.
Plz let me know whether u get me or not
Thanks
Nidhi
From India, New Delhi
Hi nidhi...
Iam able to understatnd what your query is..But the spreadsheet basically addresses your question...There are certain generic components which all companies give - Basic, HRA, Conveyance , CCA etc...the Other component called Special Allowance or Flexi pay, however a company terms it is basically used to fit individuals in Grades..and used more as a tool for negotiation. The Allowances shall remain constant. The steps in the sheet are basically meaning the grades and Individuals progress from one step to another..The percentage of CTC which constitutes Basic , HRA is not how most companies work, however there might be exceptions which our friends might throw light upon. The Thumb rule and the more widely practiced method is arriving at the Basic and the slabs of basic for a particular grade and the the same exercise has to be done for all the grades. The percentage of HRA and Conveyance on basic may be decided based on the norms of the Company.
Hope I was clear in my explanation, should you have any further queries please revert back. :)
Best Regards,
Madhu
From India, Madras
Iam able to understatnd what your query is..But the spreadsheet basically addresses your question...There are certain generic components which all companies give - Basic, HRA, Conveyance , CCA etc...the Other component called Special Allowance or Flexi pay, however a company terms it is basically used to fit individuals in Grades..and used more as a tool for negotiation. The Allowances shall remain constant. The steps in the sheet are basically meaning the grades and Individuals progress from one step to another..The percentage of CTC which constitutes Basic , HRA is not how most companies work, however there might be exceptions which our friends might throw light upon. The Thumb rule and the more widely practiced method is arriving at the Basic and the slabs of basic for a particular grade and the the same exercise has to be done for all the grades. The percentage of HRA and Conveyance on basic may be decided based on the norms of the Company.
Hope I was clear in my explanation, should you have any further queries please revert back. :)
Best Regards,
Madhu
From India, Madras
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