Hi All,
Greetings of the day!
I have to design the salary structure of Employees and have to add following variables;
1) Loyalty Bonus
2) Festival Bonus e.g. Diwali Bonus
3) Performance Bonus
I want to know specifically how much percent contributes of the Basic salary to the Loyalty Bonus, Festival Bonus, Performance Bonus.
Kindly assist me in designing the salary structure with mentioned above variables.
From India, Delhi
Greetings of the day!
I have to design the salary structure of Employees and have to add following variables;
1) Loyalty Bonus
2) Festival Bonus e.g. Diwali Bonus
3) Performance Bonus
I want to know specifically how much percent contributes of the Basic salary to the Loyalty Bonus, Festival Bonus, Performance Bonus.
Kindly assist me in designing the salary structure with mentioned above variables.
From India, Delhi
Hi,
There is no rules and percentage to assign that components but before to design which components you have mentioned all are fully taxable components.
As per bonus act- Minimum 8% and Maximum 20% can provide.
From India, Mumbai
427There is no rules and percentage to assign that components but before to design which components you have mentioned all are fully taxable components.
As per bonus act- Minimum 8% and Maximum 20% can provide.
From India, Mumbai
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Creating a Competitive Salary Structure.doc
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