Monthly calculation of salaries on an excel sheet - training program
CiteHRCiteHR
 
HOME RISE NEW TEAM →|
Home > Human Resource Section > Employee Compensation & Benefits

saddy_ Started The Discussion:

Hi This Is Saddy Can Any body tell me the calculation of the salary on monthly basis in the Excel Format

nabomita1979 -  Member Since: Apr 2006
Greetings,

You would the templates and sample sheets in the link below, as a point of reference. You would design the one which is relevant to your company on the basis of following areas:
  • Salary budget allocated for each hire : Few roles would have a bigger budget than others . Hence, you may have to include Car allowances and sodexho. But for lesser amount you would have to keep the basic format.
  • Benefits allocation based on the business model you may offer a detailed mediclaim plan for the employee and his/her family from the day the employee joins. You may even change it for the plan to be activated post probation to avoid administrative costs on attrition. the sum assured would depend entirely on your organization budget. Other benefits such as relocation, city allowance are based purely on business needs .
  • Legal and sectoral standards to be maintained: Please make a study on the mandatory legal standards to be maintained . You may have to follow the salary format which prevalent in your sector.

Hope this helps. Blog your queries and allow us to contribute to your learning .

Salary guide

Regards,
Nabomita

Quote:
Originally Posted by saddy_ View Post
Hi
This Is Saddy
Can Any body tell me the calculation of the salary on monthly basis in the Excel Format




 
 
 
 





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