Hi friends,
I have a small query, and I hope to get an answer. I have received an offer letter for a recent interview. In the offer, I have been given a Basic salary that is $60,000 less compared to my current salary. They have made the overall offer with a 25% hike, but I am very concerned about the Basic salary. As an employee, all the increments are based on the basic salary...
Please help.
From India, Mumbai
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I have a small query, and I hope to get an answer. I have received an offer letter for a recent interview. In the offer, I have been given a Basic salary that is $60,000 less compared to my current salary. They have made the overall offer with a 25% hike, but I am very concerned about the Basic salary. As an employee, all the increments are based on the basic salary...
Please help.
From India, Mumbai
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Hi,
There are chances that the company is offering more variable pay than fixed; that's why the basic is less. If you can share the salary structure, we will be able to offer you more help. You can share your structure at
if you have any problems sharing it here.
Thanks,
Archna
From India, Delhi
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115There are chances that the company is offering more variable pay than fixed; that's why the basic is less. If you can share the salary structure, we will be able to offer you more help. You can share your structure at
Thanks,
Archna
From India, Delhi
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dear members, Please provide informaton or attach material related to talent acqusition ? regards, babanaresh
From India, Delhi
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From India, Delhi
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Hi,
Some organizations have a fixed percentage in which basic pay is apportioned, generally 35-45% of the Gross salary. Since many statutory components like gratuity, PF, Bonus, etc., depend on basic pay, many organizations put a cap on basic pay and keep it constant to the Gross Salary or at a minimum.
Compare both CTC structures and understand the difference in benefits on retirement that you may face due to the difference in basic pay.
Parul.
From India, Mumbai
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Some organizations have a fixed percentage in which basic pay is apportioned, generally 35-45% of the Gross salary. Since many statutory components like gratuity, PF, Bonus, etc., depend on basic pay, many organizations put a cap on basic pay and keep it constant to the Gross Salary or at a minimum.
Compare both CTC structures and understand the difference in benefits on retirement that you may face due to the difference in basic pay.
Parul.
From India, Mumbai
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Hi,
I totally agree with Archana's response, but it can be an issue of job location as well. When we compare the structures of metro and non-metro cities, we can see a huge difference. Generally, in metro cities, the sum of BASIC and HRA can go up to 75% of the gross income, but in non-metro cities, it is close to 60%. To determine the exact reason or solution, you need to share the current and offered pay structure. Feel free to share the same at negi.jagdish1986@gmail.com.
Regards,
Jagdish Singh Negi
From India, Delhi
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I totally agree with Archana's response, but it can be an issue of job location as well. When we compare the structures of metro and non-metro cities, we can see a huge difference. Generally, in metro cities, the sum of BASIC and HRA can go up to 75% of the gross income, but in non-metro cities, it is close to 60%. To determine the exact reason or solution, you need to share the current and offered pay structure. Feel free to share the same at negi.jagdish1986@gmail.com.
Regards,
Jagdish Singh Negi
From India, Delhi
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Hello,
The industry standards for the basic amount range from 35% to 45% of the gross salary. If your salary structure meets this criteria, there is no need to worry. The rest would be mainly based on the fringe benefits provided.
Regards,
Sundar
From India, Bangalore
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The industry standards for the basic amount range from 35% to 45% of the gross salary. If your salary structure meets this criteria, there is no need to worry. The rest would be mainly based on the fringe benefits provided.
Regards,
Sundar
From India, Bangalore
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Hello,
I have seen the package, and I don't think it's appropriate. Please negotiate on the basics a little more, and then it would be fine. The rest of the benefits are all very nicely mentioned and calculated; it's the take-home salary you can negotiate on.
All the best,
Archna
From India, Delhi
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I have seen the package, and I don't think it's appropriate. Please negotiate on the basics a little more, and then it would be fine. The rest of the benefits are all very nicely mentioned and calculated; it's the take-home salary you can negotiate on.
All the best,
Archna
From India, Delhi
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