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Dear S V Erady,
Normally salary is paid depends on the industry, industry growth, employees i.e. seniors experience, previous job salary structures etc.
But as far as Managing Director is concerned, you should get advice from Company Secretary because there are sum sections to be attracted in this respect.

From India, Mumbai
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These are some of the primary steps that needs to be completed to fix numbers of MD and the Manager - HR.
1. Organisation's ability to pay based on the turnover
2. create job descritptions for the position
3. Evaluate the job requirements--- engineering graduate from a B-School etc
4. the experience range
5. market study of the profession and locality where the firm is located. it differs from city to city, practically make some calls to manpower consultants
6. visit similar industires... get contact info


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Hello,
Currently i am working in HR department and i want to have some knowledge related to payroll can anybody help me to know if their is any workshop going related to payroll calculation or salary structuring in mumbai or pune


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