All Gamut Of Human Resources, Electrical
Manpower Planning, End To End Recruitment,
Manager Hr & Admin
Director Of Private Ltd. Companies
Recruitment, People Management
Asst. Manager Hr
No doubt it is a good contribution. Thanks a lot.
Since you have conducted the same in GOA university, perhaps you have more details on MS-Word format which have the linkage with this PPT format. If you pls post that, it will be more helpful for everybody. Waiting for that....Thanks is advance.
6th September 2007 From Bangladesh, Dhaka
i had gone through different reading materials and books for making this. you would find all these in compensation books.
Had amde it straight on powerpoint. did not use any word doc for the same, but if you want to know about anything specific within this, would be too glad to help :)
6th September 2007 From India, Bangalore
I am doing compen ben study in one of the companies...just have a small query...Instead of putting as special allowance, can an employee select his own benefits( entertainment, gym etc) nd pay the fringe benefits himself...This would be win-win for both
employer-easy to retain talent nd no additional tax burden
employee- specail allowance will have more tax burden than paying FBT on other benefits
2nd May 2008 From India, Madras
We believe that the actual number of days should be used each month for pay calculation rather than using 30 days or 26 days. Please find attached a note detailing why using 30 days as the basis can lead to problems in pay calculation.
I welcome comments on the note. If you wish to know about software or payroll services, please get in touch with me at .
T E Gautham
8th May 2008 From India, Madras
what i viewed from your mail is that you are considering days a the basis for salary calculation which should rather not be a case
it should be actual salary, what ever the no. of days may be
example if individuals salary is Rs. 30000/month it has to be same for 28 days, 30 days or 31 days a month.
8th May 2008 From India, Mumbai
Can you tell me an ideal breakup for Rs.9,00,000/annum? This is in a tiny company, so no PF. They have asked me to come up with a suitable breakup based on my tax needs. I am a single parent with one child. So I need to maximise my tax savings. I live in a metro..
Would appreciat any assistance you can provide me. Thanks
8th May 2008 From India, Madras
I just tried to make a structure for you:
Total income: Rs.75000 /mth
Basic salary: Rs.47420 /mth
HRA: Rs.14230 /mth
Conveyance Allowance: Rs.800 /mth
Special Allowance: Rs.5000 /mth
Sodexho pass: Rs.2000 /mth
LTA: Rs.24000 /year
Books & periodicals: Rs.6000 /yr
Mediclaim reimbursements: Rs.15000 /yr
Phone reimbursement: Rs.1800 /yr
Total: Rs.75000 /mth
Here in you will have to show investment of Rs.100, 000 and produce bills for entire amount of LTA, B&P, Medical and phone reimbursements. Also, you can buy mediclaim insurance policies for you and your kid (each with an yearly premium of Rs.15000). Also, need to show house rent receipts for Rs.16000 /mth.
After taking into consideration the fixed and reimbursement components and all your investments, the net tax that will be around Rs.4317 per month.
15th May 2008
The correct method of calculation of wages as prescribed by Tamilnadu Government is as follows:
Basic Wages - P/(N-S+H) x No. of days present.
P = Monthly pay
;N = No. of days in a month
S = No. of Sundays
H = No. of holidays
Monthly pay Rs.3500/-
No. of days in the month: 31
No. of Sundays in the month: 5
No. of holidays (Mandatory) in the month: 1
No. of days present: 24 (absent 1 day) (if it is casual leave then it is 25)
=3500/31 - (5+1) x 24
= 3500/25 x 24
If the no. of days present is 25:
= 3500/25 x 25
I trust that this meet your need.
16th May 2008 From United States, Roslindale
thankyou for the breakup. I am a hr in a small company in mumbai. I am currently following a salary break up here,due to which employees are ending up paying huge pf as a result, they get less money in hand. below is the structure that we are currently following;
gross - (ctc-employer's pf)
basic pay - 50% of gross
hra - 25% of gross
medical - 10% of gross
conveyance - 9% of gross.
now, due to basic pay being 50% of gross, it attracts more pf. I need you to help me re structure the salary so that employees get less pf deduction and more money in hand. let me know if we have to add other components like fbp, special allowance, lta etc to achieve this.
awaiting your response.
17th May 2008 From India, Hyderabad
Is there any system in Payroll Structuring where an employee can be allowed to customize his/her own pay with keeping the same CTC. or can a company have a flexible salary structure to accomodate different sets of employees?
Requesting all memebers to help me with their valuable suggestions.
17th May 2008 From India, Mumbai
- Food Vouchers - Employees can decide on the amount depending on the usage.
- Medical: Employees would need to submit the bill of their medical expense
- Prof Pursuit
17th May 2008 From India, Ahmadabad
Excellent material on compensation mngt.
I had a question , if i may ask ...
If a Job Analysis exercise is completed how does one go about doing Job evaluation and then linking it with the salary ranges / slabs ?
I am not refering to the techniques that you have metioned in the PPT but my question is on a opeartional / execution front.
10th June 2008
I want some tips abt this domain knowaledge, if someone is related to this
pls reply and forward to my e mail ID.
I would be thankful to all of you.
3rd October 2008 From India, Kanpur
You are worth a great "thanks"
Also suggest if you could put in some practical examples
for example difference between a job and position etc
It would really make this theory more absorbable.
22nd October 2008 From United States, Somers