Hi !
I wanted to know what kind of salaries are offered to the senior management in case of retail company. It would be great if someone could also tell me the break-up of the salaries.
I am listing down the designations for which i need the salary & other kind of benefits offered by the retail companies ( like pantaloon, shoppers stop, spencers, ABG-More, reliance retail )
Designations -
1. CEO/President
2. VP Operations
3. VP SCM
4. VP Buying & Sourcing
5. VP Marketing
6. VP IT
7. VP HR
8. Category Managers
9. Managers ( Marketing, SCM, Operations etc )
10. Executives
11. Buyers
12. Visual Merchandiser
13. Merchandiser
Thanks,
Komal
From India, Mumbai
2I wanted to know what kind of salaries are offered to the senior management in case of retail company. It would be great if someone could also tell me the break-up of the salaries.
I am listing down the designations for which i need the salary & other kind of benefits offered by the retail companies ( like pantaloon, shoppers stop, spencers, ABG-More, reliance retail )
Designations -
1. CEO/President
2. VP Operations
3. VP SCM
4. VP Buying & Sourcing
5. VP Marketing
6. VP IT
7. VP HR
8. Category Managers
9. Managers ( Marketing, SCM, Operations etc )
10. Executives
11. Buyers
12. Visual Merchandiser
13. Merchandiser
Thanks,
Komal
From India, Mumbai
Hi Komal,
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
CCA - 825/- is exempted from tax
Other Allowance
Mobile Reimbursement
Medical Reimbursement of 1250/month is exempted from tax
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.
Apart from this Food coupons, Holiday package and Furnishing items are included in their CTC.
Hope it must have helped you to clear your queries up to some extent.
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
CCA - 825/- is exempted from tax
Other Allowance
Mobile Reimbursement
Medical Reimbursement of 1250/month is exempted from tax
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.
Apart from this Food coupons, Holiday package and Furnishing items are included in their CTC.
Hope it must have helped you to clear your queries up to some extent.
Regards,
Amit Seth.
From India, Ahmadabad
Hi Amit,
Thanks for your inputs. I wanted the break of say a senior person earning 1.5 crs. For the junior level it becomes easy to find out the break up salary. We are in the process of finalizing the compensation of a retail company ( a new start-up) and do not have an idea as to what is the industry benchmark across the levels.
Thanks,
Komal
From India, Mumbai
Thanks for your inputs. I wanted the break of say a senior person earning 1.5 crs. For the junior level it becomes easy to find out the break up salary. We are in the process of finalizing the compensation of a retail company ( a new start-up) and do not have an idea as to what is the industry benchmark across the levels.
Thanks,
Komal
From India, Mumbai
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