Restructuring Of Compensation For Employees - CiteHR
Prime Sponsor - - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
Dear All,
This has been a wonderful site for problem resolution in areas of HR and I appreciate the help rendered by the HR professionals.
I do have a query regarding restructuring of the compensation in the organization. We are in the process of redefining the basic pay and allowances and defining a fixed part of total CTC. Given the current structure, the basic for many of the employees will reduce. Now during calculation of gratuity the employee will have a reduced basic in the current year compared to the year before. So how will the calculation take place?
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
The gratuity calculation is made on the last drawn basic +DA so that calculation shall be made on the latest basic pay plus DA being paid to the employee.
Thanks a lot Avika for the response. I was hoping for a different method so that i could convince my employees :).. Lets see if i can figure this out. Thanks again. Regards, Pratima
Hi Pratima,
we are a HR Staffing consultant having a good team of Chartered Accountants..where we structure the payroll and compliance part in a way to reduce the income tax for employer, providing adequate facilities to employees and meeting the legal compliance so as to reduce penalties, providing consultation on various other HR solutions...
you may contact me at 011-47620000
Warm Regards
Reena Vashisht
Sr. HR Associate
Prime Sponsor - "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™