Dear Friends,
I would like to share that my company doesn't have any fixed ratio of components of the salary structure. The presently used components are Basic, HRA, Other Allowance, and Conveyance. The percentages of the components are quite arbitrarily chosen. If I want to streamline the structure of the salary while keeping the number of components unchanged, how can I do it? I mean, what should be the percentages of the above-mentioned components based on the gross salary?
Kindly help me as this is urgently needed.
Regards,
Subhabrata Dasgupta
From India, Calcutta
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I would like to share that my company doesn't have any fixed ratio of components of the salary structure. The presently used components are Basic, HRA, Other Allowance, and Conveyance. The percentages of the components are quite arbitrarily chosen. If I want to streamline the structure of the salary while keeping the number of components unchanged, how can I do it? I mean, what should be the percentages of the above-mentioned components based on the gross salary?
Kindly help me as this is urgently needed.
Regards,
Subhabrata Dasgupta
From India, Calcutta
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I am working as an HR professional in the Power Sector in Hyderabad. My management has instructed me to prepare the salary structure with only two components, namely Basic+DA (50%) and Other Allowances. Is this correct? What percentage of the Basic & DA makes up the 50%? DA will be calculated based on the Basic salary.
Furthermore, can the Special Allowance exceed the Basic Salary?
I would appreciate it if you could clarify these two points. I look forward to your prompt replies.
Regards,
Murali
[Email Removed For Privacy Reasons]
From India, Hyderabad
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Furthermore, can the Special Allowance exceed the Basic Salary?
I would appreciate it if you could clarify these two points. I look forward to your prompt replies.
Regards,
Murali
[Email Removed For Privacy Reasons]
From India, Hyderabad
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VARIABLE PAY.doc
Salary Structure.zip