I need your valuable suggestion in this regard. What should be the standard salary ratio with the turnover of a Plastic Article manufacturing company (Domestic, Agricultural) and the marketing of the same product for a company having a turnover of 100 CR?
From India, Islampur
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1From India, Islampur
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It depends on the industry. In manufacturing, it may range from 1.5% to 5% as standard. In IT, it may be from 8% to 25% where the only investment is salary. In the service industry, it may vary from 5% to 15%. It has its own logic and justification, which require a basic approach that includes industry, region formula, and the organization's ability to pay.
Thanks,
Gyan Prakash Mishra
From India, Bangalore
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Thanks,
Gyan Prakash Mishra
From India, Bangalore
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