Hello,
I would like begin by giving a brief introduction about myself, I am Reena Banavali pursuing my MBA from SIES college of Management studies and am presently doing my summer internship and I intend specializing in HR.
Now as a part of my academic project, I am asked to survey companies in Banking,Insurance and Logistics industries and obtain from selected participant companies' details of executive compensation structure and then compare survey data to determine relative positions of different companies in terms of total remuneration as well as individual components/subgroups.
We have begun by targeting selected companies but are facing a problem with regards to obtaining information.
I was keen to know if I could get a deeper insight into the salary structures in the above mentioned industries...an industry average of the same would help. We also need to prepare a grade equvalence grid for which we need the structural hirearchies.
Hope to recieve a positive response from those who have first hand information with regards to the same.
From India, Mumbai
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I would like begin by giving a brief introduction about myself, I am Reena Banavali pursuing my MBA from SIES college of Management studies and am presently doing my summer internship and I intend specializing in HR.
Now as a part of my academic project, I am asked to survey companies in Banking,Insurance and Logistics industries and obtain from selected participant companies' details of executive compensation structure and then compare survey data to determine relative positions of different companies in terms of total remuneration as well as individual components/subgroups.
We have begun by targeting selected companies but are facing a problem with regards to obtaining information.
I was keen to know if I could get a deeper insight into the salary structures in the above mentioned industries...an industry average of the same would help. We also need to prepare a grade equvalence grid for which we need the structural hirearchies.
Hope to recieve a positive response from those who have first hand information with regards to the same.
From India, Mumbai
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most of the company have there own compensation philosphy , any policy that can be base on location ,supply and deemand.
From India, Delhi
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From India, Delhi
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Hello Reena,
Currently, we are also conducting research on compensation structures followed in different industries and at various levels such as government organizations, semi-government organizations, and the private sector. This research involves gathering a significant amount of data to compile a comprehensive report.
Within the same industry, different structures are observed. For instance, in public limited companies, organizations still adhere to the traditional method of employee compensation, where a fixed structure is determined, directed, and regulated by the central/state government of India, along with commissions. This compensation system is not necessarily tied to individual performance or aimed at motivating personnel within the organization. However, we have recently noticed some government organizations transitioning towards structures that consider both employee and organizational performance. This shift has led to the removal of many traditional allowances and facilities that are no longer relevant in the modern world.
In the private sector, various industries follow different compensation structures and policies. For example, in the IT industry, a combination of fixed, variable, and flexible compensations are typically implemented, varying between organizations. Policies at companies like Accenture differ from those at Infosys or Wipro.
Therefore, compiling a report or conducting a study on compensation practices across different industries is complex due to the lack of a common compensation structure within the industry you have chosen.
If you are interested, we could collaborate on this research with agreed-upon guidelines.
You can contact us at tamincorporation@gmail.com.
From India, Bangalore
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Currently, we are also conducting research on compensation structures followed in different industries and at various levels such as government organizations, semi-government organizations, and the private sector. This research involves gathering a significant amount of data to compile a comprehensive report.
Within the same industry, different structures are observed. For instance, in public limited companies, organizations still adhere to the traditional method of employee compensation, where a fixed structure is determined, directed, and regulated by the central/state government of India, along with commissions. This compensation system is not necessarily tied to individual performance or aimed at motivating personnel within the organization. However, we have recently noticed some government organizations transitioning towards structures that consider both employee and organizational performance. This shift has led to the removal of many traditional allowances and facilities that are no longer relevant in the modern world.
In the private sector, various industries follow different compensation structures and policies. For example, in the IT industry, a combination of fixed, variable, and flexible compensations are typically implemented, varying between organizations. Policies at companies like Accenture differ from those at Infosys or Wipro.
Therefore, compiling a report or conducting a study on compensation practices across different industries is complex due to the lack of a common compensation structure within the industry you have chosen.
If you are interested, we could collaborate on this research with agreed-upon guidelines.
You can contact us at tamincorporation@gmail.com.
From India, Bangalore
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Creating a Competitive Salary Structure.doc
Compensation Structure.ppt