I am designing a salary structure for a cosmetic company. Please describe why a salary structure is divided into different categories, such as Medical, House Rent, CLA, Conveyance, etc. Is it important to do so?
The place where I previously worked provided medical facilities as well, but still, some amount is mentioned as "Medical" on the salary slip.
From Pakistan, Karachi
Acknowledge(0)
Amend(0)
The place where I previously worked provided medical facilities as well, but still, some amount is mentioned as "Medical" on the salary slip.
From Pakistan, Karachi
Acknowledge(0)Amend(0)
Rafay: Salaries are structured to ensure employees can plan their expenditure (nominal) and save on tax (strong reason). If you work with a good C.A or an HR/Tax consultant, then you'll get the right components and their limits (per provisions in the IT Act). Hope this helps.
From India, Mumbai
Acknowledge(0)Amend(0)
92From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Creating a Competitive Salary Structure.doc
Salary Structure.zip