Hi Vinita,
I assume you are aware of your immediate competitors or similar companies. If you are using any job portals, consider reaching out to various candidates from your competitors for a telephonic round of interviews. Record this information in an Excel sheet. You can validate the data further by requesting their original salary slips and consolidating the information in the Excel sheet. Alternatively, you can also conduct walk-in interviews to gather data on potential candidates.
While this data may not be entirely accurate, it will definitely provide you with an idea regarding the distribution. I have utilized this approach before.
Best Regards,
Vinay Ravindran
[Link to HR Online Group](http://finance.groups.yahoo.com/group/HumanResourceOnLine)
From India, Hyderabad
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24I assume you are aware of your immediate competitors or similar companies. If you are using any job portals, consider reaching out to various candidates from your competitors for a telephonic round of interviews. Record this information in an Excel sheet. You can validate the data further by requesting their original salary slips and consolidating the information in the Excel sheet. Alternatively, you can also conduct walk-in interviews to gather data on potential candidates.
While this data may not be entirely accurate, it will definitely provide you with an idea regarding the distribution. I have utilized this approach before.
Best Regards,
Vinay Ravindran
[Link to HR Online Group](http://finance.groups.yahoo.com/group/HumanResourceOnLine)
From India, Hyderabad
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Hi, this is Suresh working with Based in Germany Manufacturing company. I have some details of the basic salary structure because it helped me a lot in fixing the salaries for my CL employees. Kindly attach and send them to me. Please help me, everybody.
Regards,
K. Suresh
From India, Madras
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Regards,
K. Suresh
From India, Madras
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Hi,
The most scientific way to handle this is to do a compensation benchmarking. There are good agencies in the market who can help you with this. However, that can be a costly proposition. To keep it economical, you can use any job portal e.g. Naukri and make your own database based on information available there. However, for this to be effective, you need to consider only recently updated profiles.
From India, Mumbai
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The most scientific way to handle this is to do a compensation benchmarking. There are good agencies in the market who can help you with this. However, that can be a costly proposition. To keep it economical, you can use any job portal e.g. Naukri and make your own database based on information available there. However, for this to be effective, you need to consider only recently updated profiles.
From India, Mumbai
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Compensation Benchmarking Survey.doc
Compensation Structure.ppt