Hello Everyone,
My name is Yogeshwari, and I work in HR. We are currently in the process of determining salaries based on the grades of our employees as we are a start-up company in the retail industry. I would appreciate your assistance with creating the grading structure and setting appropriate salary levels.
Thank you in advance.
From India, Chennai
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My name is Yogeshwari, and I work in HR. We are currently in the process of determining salaries based on the grades of our employees as we are a start-up company in the retail industry. I would appreciate your assistance with creating the grading structure and setting appropriate salary levels.
Thank you in advance.
From India, Chennai
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If the organization has already decided on different grades within the organization, then for fixing remuneration, you may follow the following process:
1.0 Check the remuneration structure of a similar organization in the locality.
2.0 Decide on a policy regarding remuneration – 50th percentile, 60th percentile, 75th percentile of the market, or below/above.
3.0 Before making any final decisions, please understand the organization's capacity to pay.
4.0 When considering the remuneration package, take into account the total compensation at the CTC level, including cash, non-cash, and all perks.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions
From India, New Delhi
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3661.0 Check the remuneration structure of a similar organization in the locality.
2.0 Decide on a policy regarding remuneration – 50th percentile, 60th percentile, 75th percentile of the market, or below/above.
3.0 Before making any final decisions, please understand the organization's capacity to pay.
4.0 When considering the remuneration package, take into account the total compensation at the CTC level, including cash, non-cash, and all perks.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions
From India, New Delhi
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