Hi Seniors,
i need to frame a policy on salary band and the tertiles/quartiles with the minimum and maximum salary band. Please suggest the same
You can PM to me or email to
Regards
Veena
From India, Hyderabad
1i need to frame a policy on salary band and the tertiles/quartiles with the minimum and maximum salary band. Please suggest the same
You can PM to me or email to
Regards
Veena
From India, Hyderabad
Veena,
To frame the Salary band first you have to define the designation which start from Executive to MD or CEO.
I didn't get the term Tertiles/Quartiles and also let me know the exact details what designation you have in your company and what is the pay as some company offer Rs 9,000/- to fresher as where as some company offers the same to the 1 year exp candiate
From India, Mumbai
To frame the Salary band first you have to define the designation which start from Executive to MD or CEO.
I didn't get the term Tertiles/Quartiles and also let me know the exact details what designation you have in your company and what is the pay as some company offer Rs 9,000/- to fresher as where as some company offers the same to the 1 year exp candiate
From India, Mumbai
Hi,
The levels at our organisation are as follows:
L1 - COO
L2 - VP
L3- DIRECTORS
L4- GM
L5- DGM
L6 - SR.MANAGER
L7 - MANAGER
L8- ASST MANAGER
L9 - SR. EXECUTIVE
L10 - EXECUTIVE
The minimum and maximum salary band have been arrived at by us. For example at L7(Manager) level, the minimum band is 6 lakhs and maximum band is 9 lakhs.
TERTILES ARE THE SUB DIVISION WITHIN THE MIN AND MAX SALARY BAND(WHICH HAS TERTILE 1- HIGHEST AT MAX SALARY BAND SAY 8- 9 LAKHS,
TERTILE 2 - MEDIUM/MID POINT BETWEEN THE MIN AND MAXIMUM SALARY BAND SAY 7 LAKHS.
TERTILE 3 - LOWEST AT THE MIN SALARY BAND SAY 6 LAKHS - 7 LAKHS.
My Requirement:
I need to define these tertiles(values) at each level and the basis on which the employee would grow in the organisation . eg of tertile at L7 level:
if three employees are rated the highest(say 6)rating in the appraisal1 is the least rating and 6 is the highest rating) in the same hierarchy , how does he grow within the band.
Please let me know your contact details so that i can discuss with you on this.
Regards
Veena
From India, Hyderabad
The levels at our organisation are as follows:
L1 - COO
L2 - VP
L3- DIRECTORS
L4- GM
L5- DGM
L6 - SR.MANAGER
L7 - MANAGER
L8- ASST MANAGER
L9 - SR. EXECUTIVE
L10 - EXECUTIVE
The minimum and maximum salary band have been arrived at by us. For example at L7(Manager) level, the minimum band is 6 lakhs and maximum band is 9 lakhs.
TERTILES ARE THE SUB DIVISION WITHIN THE MIN AND MAX SALARY BAND(WHICH HAS TERTILE 1- HIGHEST AT MAX SALARY BAND SAY 8- 9 LAKHS,
TERTILE 2 - MEDIUM/MID POINT BETWEEN THE MIN AND MAXIMUM SALARY BAND SAY 7 LAKHS.
TERTILE 3 - LOWEST AT THE MIN SALARY BAND SAY 6 LAKHS - 7 LAKHS.
My Requirement:
I need to define these tertiles(values) at each level and the basis on which the employee would grow in the organisation . eg of tertile at L7 level:
if three employees are rated the highest(say 6)rating in the appraisal1 is the least rating and 6 is the highest rating) in the same hierarchy , how does he grow within the band.
Please let me know your contact details so that i can discuss with you on this.
Regards
Veena
From India, Hyderabad
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Salary-Note.doc
SALARY SHEET CALCULATION.xls