In 70 - 30 model please ask you HR to increase ur fixed salary in such a way so that after adding Fixed pay and Variable pay comes to your last CTC. The HR team made a fool of you by keeping your take home same and then calculating Variable pay on it. The process is the CTC is divided into 70 - 30 then its break up is prepared. But as it will increasing your take home salary, they decided to decrease your CTC by 47K to keep their HR budget in control. Please check the clause in your appointment letter weather you signed the dotted line or CTC or take home salary. Because if it says that you CTC is 3.9 lakhs then they have to give you that much in anyway.
Hope you are satisfied about your concern. If you having any more problem in understanding the structure please contact me in
9th November 2010 From India, New Delhi
Thank you for your introduction. I've around 9+ years of experience in financial & S/w industry. Since I've done my MBA with HR, now i want to shift to HR profession, but not getting a single call. How do i prepare my CV and really interested to shift the profession. Especially interested to work @ Pay roll and statutory compliance.
CAN YOU PL SUGGEST SOMETHING?
Srinivas Rao K
9th November 2010 From India, Hyderabad
Good to see your quick replay for above query. I am working in small IT firm as HR executive, i am interested to know the 70-30 rule for payroll. At present I don't have any idea about payroll, but i want to learn the concept.
Please can u help me out to understand the full pledged payroll calculation concept.
Thanks in advance
9th November 2010 From India, Coimbatore
Thanks for your response, i understood now the concept.Will the %age remain same in every organization or it differ according to the company standards.
How i can learn the payroll concept practically rather than theoretical. Because in our company i am not handling the payroll, but i want to learn.
So please can You help me to learn the payroll.
11th November 2010 From India, Coimbatore