veena.putrevu
1

Hi Seniors,
i need to frame a policy on salary band and the tertiles/quartiles with the minimum and maximum salary band. Please suggest the same
You can PM to me or email to
Regards
Veena

From India, Hyderabad
parab2007
Veena,
To frame the Salary band first you have to define the designation which start from Executive to MD or CEO.
I didn't get the term Tertiles/Quartiles and also let me know the exact details what designation you have in your company and what is the pay as some company offer Rs 9,000/- to fresher as where as some company offers the same to the 1 year exp candiate

From India, Mumbai
veena.putrevu
1

Hi,

The levels at our organisation are as follows:

L1 - COO

L2 - VP

L3- DIRECTORS

L4- GM

L5- DGM

L6 - SR.MANAGER

L7 - MANAGER

L8- ASST MANAGER

L9 - SR. EXECUTIVE

L10 - EXECUTIVE

The minimum and maximum salary band have been arrived at by us. For example at L7(Manager) level, the minimum band is 6 lakhs and maximum band is 9 lakhs.

TERTILES ARE THE SUB DIVISION WITHIN THE MIN AND MAX SALARY BAND(WHICH HAS TERTILE 1- HIGHEST AT MAX SALARY BAND SAY 8- 9 LAKHS,

TERTILE 2 - MEDIUM/MID POINT BETWEEN THE MIN AND MAXIMUM SALARY BAND SAY 7 LAKHS.

TERTILE 3 - LOWEST AT THE MIN SALARY BAND SAY 6 LAKHS - 7 LAKHS.



My Requirement:

I need to define these tertiles(values) at each level and the basis on which the employee would grow in the organisation . eg of tertile at L7 level:

if three employees are rated the highest(say 6)rating in the appraisal1 is the least rating and 6 is the highest rating) in the same hierarchy , how does he grow within the band.

Please let me know your contact details so that i can discuss with you on this.

Regards

Veena

From India, Hyderabad
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