How to prepare salary structure??? - offer letter Xls Download
CiteHRCiteHR
 
HOME RISE NEW TEAM →|

jigskd Started The Discussion:

I am new HR professional joined a company. so pls. tell me how to prepare salary structure / offer letter..

apeksha_HR -  Member Since: Jul 2010
Hi jigskd,

Salary Structure normally varies from City to city and company to company. But in general terms below are few instructions to follow while preparing Salary Structure :

Basic = ( 40% of Monthly gross figure arrived from : Total CTC - Annual Perfomance bonus / incentive ( if any )-Noncash Item )
HRA = 40% of Basic + DA ( if Applicable ) for Non-Metro Cities & 50% of Basic + DA for Metro Cities.
Attire = 300 p.m
Conveyance = 800p.m
child Education Allowance = 200p.m
Medical = 1250p.m
Special Allowance = Remaining amount of Total monthly gross
Addition : Monthly non cash value
Addition : Annual pay -outs
Total Monthly gross + Non cash + Annual pay-out gives u Total CTC back.

Kindly revert if u still have any query.

Apeksha.
HR Professional.


Attached FilesProvided by community member apeksha_HR. Join us to learn and grow with your peers.
File Type: xls Salary Calculation Sheet.xls (21.5 KB, 5158 views)
mayurijetwal -  Member Since: Aug 2010
hi friend i m sending you a cv formate,it may helpful to you... plz find attachment.


Attached FilesProvided by community member mayurijetwal. Join us to learn and grow with your peers.
File Type: doc Format-HR.doc (53.0 KB, 2310 views)
aksjn -  Member Since: Aug 2007
Quote:
Originally Posted by jigskd View Post
I am new HR professional joined a company.

so pls. tell me how to prepare salary structure / offer letter..
Hi,

See for a typical salary structure we have..
basic (40 -60%)
HRA(40 % for non metro and 50 % for metro cities)
Conveyance - 800 (fixed)
Medical Reimbursement - 1250 (fixed)
LTA - one month basic
Special allowance - Gross - (basic + HRA+ conv. Medical All.+LTA)

Gross+ Employer contribution towards PF, ESI and Gratuity = CTC.

Hope this will help you.

Aks

manishanewera -  Member Since: Jul 2011
Thanks. Very Useful. I assume there is no standard allowance structure followed by organisations.




 
 
 
 





POSTING RULES OF CONDUCT
  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • Found This Useful? +Vote Up This Via Google.  

    Why Vote? User validation is extremely important for good content to prosper.
    Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.



    3M Users, 100K+ Documents & 450K+ Discussions

    Share »


    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    Community Support & Professional Insights. Login or Register.
    Email/Username    
    Password  

    About Us - Advertise - Contact Us - RSS   On Google+  
    All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
    Privacy Policy | Disclaimer | Terms Of Service
    Facebook Page | Follow Us On Twitter | Linkedin Network