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contactreena
Dear All.

Greetings!!!!!!!!

I work for a leading mineral water company in the HR department ,

It has been a good exp so far however I feel there is a strong need for the dept to systematize its salary structure .Can you pls help how to initiate the salarey slabbing process .I also would want to know the exact process flow chart for this exercise.

Usually they say this activity is outsourced but i feel consultants usually end up doing things after our inputs so in that case y cant we do it the ground work and give our seniors to decide on thsi eventually whatever the salary trend be in india companies pay only what they cabn afford.

As of now we make the ctc as per the grade for eg basic between 1200-4000 is grade A-1

2500-5000 is grade A-2 and so on but this grade diffrentiates only the basic and nothing else. i want departmental salary slabbing and above all designation salary slabbing

pls help me in this activity

regards,

reena

P.S. Pls mark a cc of your replies to

From India, Mumbai
Amitmhrm
496

Hi Reena,

Hi Reena,

Sorry to reply late, Anyways i am giving you some ideas to prepare the same.

CTC includes each and every cost in terms of money and materials, some of the components are-

GrossSalary

Bonus

PF Contribution from employer side

ESI or Medicalcontribution from Employer side

Cell Phone Allowance

Hard furnishinggoods

Food coupons

The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be50 or 60% of basic.

Basic

HRA

TA

Other Allowance

MobileReimbursement / Month

Gross Per Month = Sum of all the above.

GrossPer Annum= 12*Gross/Month

PF Contribution= 12% of Basic/Annum

ESIContribution = 4.75% of Gross/Annum

Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximumceiling for ESI is 10000/Month.

Getting more than this will be covered under Mediclaim or it depends on company policy

Annual Fixed GrossCost= Gross/Annum+PF+ESI+Med

EX-Gratia/Bonus = A fixed amount asBonus

Annual Total Cost = AFGC + EX Gratia/Bonus

Annual total cost is also called as CTC.

Hope now it will be very much clear to you,

if you have any query feel free to ask.

Regards,

Amit Seth.

From India, Ahmadabad
contactreena
Hello Mmembers,
Approx 100 views and no answer.I am sure I have co members who are much more exp and senior and who do not mind sharing their knowledge with me.
Also want to clearify I do not need CTC break up I wish to know how does an org determine diff salaries for different designations across departments.
Regards,
Reena

From India, Mumbai
Amitmhrm
496

Dear Reena,
Sorry to reply late..
Okie so you want to know the process of salary slabbing..
It is been done after the survey of market. Means what are the prevailing rates for such kind of profile in the market, and moreover while preparing we look at company strength too, whether its capable to pay or not.
And mostly it prepared after keeping in mind the Educaion, Experience and skills required for that particular profile.
Regards,
Amit Seth.

From India, Ahmadabad
shailendra_deshpande
39

Dear Reena, Sorry for late, but can you just send the same to me on following ID?? Once I reach my office then I will send you at the earliest.. Regards, Shailendra
From India, Pune
gazal ahmed
Amit Hi,
I gone through the solution u have given for salary slabs. i read both of your solution 1. CTC 2. Salary slabs. I am very happy that this site has so helpful and brilliant personalities. Amit i want to know, how much should be the minimum yearly bonus has to be given to the employee? as well as how much should be the yearly increment ( according to labour law). Pls mail me at
Gazal Ahmed

From India, Bangalore
revathi.k@pnestec.com
2

hi!!
Reena
I totally agree with amit.
Your company might be having the roles and responsibility for the particular position in concern department.
You should go first depatment wise and then designationwise and then categorize them as per desired experience and educatiional background .
And final decide the salary range for the categories.
Regards,
Revathi

From India
maniksing
4

Hi, Minimum Bonus Will Pay 8.33% as per Payement of Bonus Act 1952 and increment as per company HR policy according to Labour Law. Warm Regards, Maniksing
From India, Bangalore
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