Manager- Human Resources
23rd April 2009 From India, Mumbai
Why dont you use the search option, As all these quires have already been discussed in this forum.
Just follow the following links
Setup new HR Dept
how to start hr department in new company
This attachment can help you out.
23rd April 2009 From India, Calicut
thank you for your help. but the situation here is really different. there are not many employees at the moment. the CEO wants to close all positions at the earliest, and also wants me to simultaneously single handedly handle setting up the department and process. it is very difficult to do this kind of multitasking. any suggestions?
24th April 2009 From India, Madras
Greetings for the day ahead!!!!
It is theoretically not correct to arrive at the basic salary from CTC , however you can do that for your own convenience. The CTC depends on the basic salary as all other overheads are % fractions of basic salary.
I am enclosing the overheads which are normally there in salary structure but it may vary from company to company.
Basic - 100
HRA- 50 (50% of basic salary)
LTA- 8 (8% of basic salary)
Special Allowances -12 (12%of basic salary)
PF- 12 (12% of basic salary)
Conveyance- (40% of basic salary)
There are many companies which have superannuation and Gratuity plans. In such companies
Superannuation- 15 (15% of basic salary)
Gratuatity-4.81 (4.81% of basic salary
Many companies also give medical and city allowances. Such allowances are not % fractioncs but a figure which management decides. It varies from company to company.
I am also attaching a format of appointment letter. Hope this helps you.
27th April 2009 From India, Delhi