minisaran
guys, any base template for industry salary benchmarking?
From India, New Delhi
M.Peer Mohamed Sardhar
733


Dear Friend,
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/download-list...y=Salary+Guide
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
Regards
Mohamed Sardhar
91 93831 93832

From India, Coimbatore
Amitmhrm
496

Hi,
The contents of the salary break up is as below, you can prepare it at the suitability of your own. HRA would be 50 or 60% of basic.
Basic
HRA
CCA - 825/- is exempted from tax
Other Allowance
Mobile Reimbursement
Medical Reimbursement of 1250/month is exempted from tax
Gross Per Month = Sum of all the above.
Gross Per Annum= 12*Gross/Month
PF Contribution= 12% of Basic/Annum
ESI Contribution = 4.75% of Gross/Annum
Medical = The mediclaim facility provided to an employee who are not covered under ESI as the maximum ceiling for ESI is 10000/Month.
Getting more than this will be covered under Mediclaim or it depends on company policy
EX-Gratia/Bonus = A fixed amount as Bonus
Annual Fixed Gross Cost= Gross/Annum+ Ex-gratia
Annual Total Cost = AFGC + PF+ESIC
Annual total cost is also called as CTC.
Apart from this Food coupons, Holiday package and Furnishing items are included in their CTC.
Hope it must help you to clear your queries up to some extent.
Regards,
Amit Seth.

From India, Ahmadabad
snrbommana
Salary bench marking is comparitive analysis of our competitors in the market.The variables that are taken for consideration are size, nature of Business, Location,Designation/s,profitability of the business etc.,.
Cost to company is a tool which we can take to shuffle around the salary payable figures . orgnaizations show training, work environment and other intangble benfits as the part of the salary.
the above metioned are just my thoughts

From India, Bangalore
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