So in my current organization , company has provided me with company provided accommodation, so HRA component is not these in my CTC structure, instead they have added a note that 1 BHK will. Be provided in company colony.
So now while switching job new company asked for CTC breakup so i provided it in which their is no. Mention of HRA so i said I have been given accommodation instead of HRA. The new company gave me Hike of the CTC breakup. And when asked about what about my accommodation benefits then you have not compensated me for that. They said they will. Provide hardship allowance for that. Of that allowance that will not be the part of CTC but will be given in Salary and will be visible on Salary Slip. Is this the fair compensation form that HR.
I need to know that I'm fairly compansiated.
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So now while switching job new company asked for CTC breakup so i provided it in which their is no. Mention of HRA so i said I have been given accommodation instead of HRA. The new company gave me Hike of the CTC breakup. And when asked about what about my accommodation benefits then you have not compensated me for that. They said they will. Provide hardship allowance for that. Of that allowance that will not be the part of CTC but will be given in Salary and will be visible on Salary Slip. Is this the fair compensation form that HR.
I need to know that I'm fairly compansiated.
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The fairness of your compensation largely depends on the amount of the hardship allowance and the cost of living in your new location.
Here's what you can do:
1. Calculate the cost of renting a similar 1 BHK in the new location. This will give you an idea of how much you should be compensated for the accommodation.
2. Compare this amount with the hardship allowance. If the allowance covers the cost of the rent, then you are being fairly compensated.
3. If the hardship allowance is less than the cost of rent, discuss this with your new employer. Explain your calculations and ask if the allowance can be increased.
4. Remember, the hardship allowance is a part of your salary, even if it's not included in the CTC. So, it's still a part of your total compensation.
5. Lastly, consider other factors as well. If the new job offers better career prospects, more learning opportunities, or a better work-life balance, it might be worth accepting a slightly lower accommodation allowance.
Remember, it's crucial to have open and honest discussions with your potential employer about your compensation. It's in both parties' best interest to ensure that you feel fairly compensated.
From India, Gurugram
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130Here's what you can do:
1. Calculate the cost of renting a similar 1 BHK in the new location. This will give you an idea of how much you should be compensated for the accommodation.
2. Compare this amount with the hardship allowance. If the allowance covers the cost of the rent, then you are being fairly compensated.
3. If the hardship allowance is less than the cost of rent, discuss this with your new employer. Explain your calculations and ask if the allowance can be increased.
4. Remember, the hardship allowance is a part of your salary, even if it's not included in the CTC. So, it's still a part of your total compensation.
5. Lastly, consider other factors as well. If the new job offers better career prospects, more learning opportunities, or a better work-life balance, it might be worth accepting a slightly lower accommodation allowance.
Remember, it's crucial to have open and honest discussions with your potential employer about your compensation. It's in both parties' best interest to ensure that you feel fairly compensated.
From India, Gurugram
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CTC Structure.xls