Dear Frends,
My company has recently diversified in Hotel Industry. I take care of complete compensation and benefits profile for my current divison of co. And now has to design Compensation structures for my Hotel division also. Frends who are already working with Hotel Industry request you to please share what salary heads are you using for designing CTC.
Kindly advise
Regards,
Shilpi
From India, New Delhi
5My company has recently diversified in Hotel Industry. I take care of complete compensation and benefits profile for my current divison of co. And now has to design Compensation structures for my Hotel division also. Frends who are already working with Hotel Industry request you to please share what salary heads are you using for designing CTC.
Kindly advise
Regards,
Shilpi
From India, New Delhi
Surprised! No reply, no one is from hotel industry or all are very busy of that division to reply.Still looking for positive response. Regards, Shilpi
From India, New Delhi
From India, New Delhi
Dear Shilpi,
I am not from hotel industry but can help you to design the salary structure. After you get the approval of the gross amount of the incumbent you are required to make the break-ups. The general approach is as follows. (PER MONTH)
Basic - 50% of the Gross
HRA - 30%
Conveyance reimbursement - 11.67%
Medical - 8.67%
In addition
LTA - is generally 10 to 14%
Gratuity - 4.85 %
PF 12%
Other like communication REIMBURESEMENT, medical insurance all can be added depends on the levels and designation.
Concepts like Target Variable Pay, which is around 10 % OF the gross can also be structured.
By this you can frame
Gross
CTC
TTR ( Total target remuneration.
Hope this will be of some use to you.
BISHU
From India, Patna
I am not from hotel industry but can help you to design the salary structure. After you get the approval of the gross amount of the incumbent you are required to make the break-ups. The general approach is as follows. (PER MONTH)
Basic - 50% of the Gross
HRA - 30%
Conveyance reimbursement - 11.67%
Medical - 8.67%
In addition
LTA - is generally 10 to 14%
Gratuity - 4.85 %
PF 12%
Other like communication REIMBURESEMENT, medical insurance all can be added depends on the levels and designation.
Concepts like Target Variable Pay, which is around 10 % OF the gross can also be structured.
By this you can frame
Gross
CTC
TTR ( Total target remuneration.
Hope this will be of some use to you.
BISHU
From India, Patna
Thanks Bishu,
But reason why I mentioned that I want some reply from hotel industry as I want to know what trend they follow is it same or they have some different heads.
Thanks for your reply
Regards,
Shilpi
From India, New Delhi
But reason why I mentioned that I want some reply from hotel industry as I want to know what trend they follow is it same or they have some different heads.
Thanks for your reply
Regards,
Shilpi
From India, New Delhi
Hello Shilpi,
This is Ankur from Eilisys Technologies Pvt Ltd Delhi. We are India's No 1 statiscally in payroll , we implemented our payroll package in a hotel industry in Delhi. If you want further details, pls visit our web site www.eilisys.com
Hope we can resolve your queries.
From India, Delhi
This is Ankur from Eilisys Technologies Pvt Ltd Delhi. We are India's No 1 statiscally in payroll , we implemented our payroll package in a hotel industry in Delhi. If you want further details, pls visit our web site www.eilisys.com
Hope we can resolve your queries.
From India, Delhi
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Compensation Structure.ppt
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