I am new HR professional joined a company. so pls. tell me how to prepare salary structure / offer letter..
From India, Pune
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2From India, Pune
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Hi Apeksha,
Salary structure normally varies from city to city and company to company. But in general terms, below are a few instructions to follow while preparing the salary structure:
Basic = (40% of monthly gross figure arrived from: Total CTC - Annual Performance bonus/incentive (if any) - Noncash Items)
HRA = 40% of Basic + DA (if applicable) for Non-Metro Cities & 50% of Basic + DA for Metro Cities.
Attire = 300 p.m
Conveyance = 800 p.m
Child Education Allowance = 200 p.m
Medical = 1250 p.m
Special Allowance = Remaining amount of total monthly gross
Addition: Monthly non-cash value
Addition: Annual payouts
Total monthly gross + Non-cash + Annual payout gives you Total CTC back.
Kindly revert if you still have any queries.
Apeksha
HR Professional
From India, Pune
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Salary structure normally varies from city to city and company to company. But in general terms, below are a few instructions to follow while preparing the salary structure:
Basic = (40% of monthly gross figure arrived from: Total CTC - Annual Performance bonus/incentive (if any) - Noncash Items)
HRA = 40% of Basic + DA (if applicable) for Non-Metro Cities & 50% of Basic + DA for Metro Cities.
Attire = 300 p.m
Conveyance = 800 p.m
Child Education Allowance = 200 p.m
Medical = 1250 p.m
Special Allowance = Remaining amount of total monthly gross
Addition: Monthly non-cash value
Addition: Annual payouts
Total monthly gross + Non-cash + Annual payout gives you Total CTC back.
Kindly revert if you still have any queries.
Apeksha
HR Professional
From India, Pune
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hi friend i m sending you a cv formate,it may helpful to you... plz find attachment.
From India, Mumbai
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From India, Mumbai
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Hi,
For a typical salary structure, we have:
- Basic (40-60%)
- HRA (40% for non-metro and 50% for metro cities)
- Conveyance - $800 (fixed)
- Medical Reimbursement - $1250 (fixed)
- LTA - one month basic
- Special allowance - Gross - (basic + HRA + conv. Medical All. + LTA)
- Gross + Employer contribution towards PF, ESI, and Gratuity = CTC.
Hope this will help you.
Aks
From India, Hyderabad
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For a typical salary structure, we have:
- Basic (40-60%)
- HRA (40% for non-metro and 50% for metro cities)
- Conveyance - $800 (fixed)
- Medical Reimbursement - $1250 (fixed)
- LTA - one month basic
- Special allowance - Gross - (basic + HRA + conv. Medical All. + LTA)
- Gross + Employer contribution towards PF, ESI, and Gratuity = CTC.
Hope this will help you.
Aks
From India, Hyderabad
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HR-OFFER.APPTT. LETTER FORMAT.docx