how to formulate pay structure for employee.what variable needs to be considered.
From India, Mumbai
1From India, Mumbai
Hi Kunal, Pay structure is basic+da+HRA+(TA if marketing person or for them who travel) - Advances+ PF+Tax Warm regards Shraddha
From India, Mumbai
From India, Mumbai
HI kunal,
Pay Salary formulation is a internal part of the company it is decide by the internal managent that how to formulate salary structure. Basically in pay salary formulation we include Basic + DA + HRA + Conveyance + allowances.
Basic format pay salary = 40% Basic +24% HRA + 8% conveyance + 8% other allowances = total 100% Gross Salary.
From India, Gurgaon
Pay Salary formulation is a internal part of the company it is decide by the internal managent that how to formulate salary structure. Basically in pay salary formulation we include Basic + DA + HRA + Conveyance + allowances.
Basic format pay salary = 40% Basic +24% HRA + 8% conveyance + 8% other allowances = total 100% Gross Salary.
From India, Gurgaon
The pay should have 1st : 50% Fixed for attendance and discipline like daily reporting, daily planning etc., 2nd : +/- 50% linked with the organisation Goal.
From India, Mumbai
From India, Mumbai
Hi everyone is there any specific percentage mentioned (in any Indian Law)that X% of gross salary must in the form of Basic + DA and y% in the form of other allowances? Plz help
From India, Kolkata
From India, Kolkata
In our industry pay structure is negotiated by a Central committee, consisting of Management's representatives and employee's/recognised Union's representatives in every five years.It is implemented as per terms & conditions of the Memorandum of Settlement.
From India, Bokaro
From India, Bokaro
Co. where there is well established unions, salary structure is decided with bilateral process. Baisc,DA,CCA,HRA, Special allowances and other allowances depending on nature of duties, are components of pay structure.
Other cases, pay structure is determined by management. Some are offering CTC which is composed of employer's PF/ESIC with gross salary.
From India, Mumbai
Other cases, pay structure is determined by management. Some are offering CTC which is composed of employer's PF/ESIC with gross salary.
From India, Mumbai
As per my Knoledge Salary Components are Basic+HRA+Convence+Medical Alowence +Other Alowence
1) BASIC we caculate 40 to 60 % from Gross salary,
2) Convences may be Rs : 800, (Eifht hundrd is tax Exmpted)
3) Medical Allowence : may be 10% of the Basic
4) The remaining amount we show as a Other allowence
I hope this is help you
Thanks
R.Sivaprasadu
Contact :9985782900
From India, Hyderabad
1) BASIC we caculate 40 to 60 % from Gross salary,
2) Convences may be Rs : 800, (Eifht hundrd is tax Exmpted)
3) Medical Allowence : may be 10% of the Basic
4) The remaining amount we show as a Other allowence
I hope this is help you
Thanks
R.Sivaprasadu
Contact :9985782900
From India, Hyderabad
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Creating a Competitive Salary Structure.doc
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