Hi all,
I work for an IT company with a staff strength of 350 employees in India. We have planned to revise the salary for our employees. Right now, the trainees receive a stipend of 6500/- for 6 months, and after six months, they become ASEs and start with a salary ranging from 1.2-1.6 Lacs. I want to restructure the compensation package. Other positions like SE earn between 2.5-4 Lacs, and SSE earns between 3.5-5 Lacs. We aim to increase the trainees' salaries to Rs. 1.2 Lacs without significantly impacting the salaries of higher-level professionals like ASEs. We do not intend to alter their CTCs. Are there any parameters that need to be followed? I appreciate your help in this matter.
Thanks,
Mariaa
I work for an IT company with a staff strength of 350 employees in India. We have planned to revise the salary for our employees. Right now, the trainees receive a stipend of 6500/- for 6 months, and after six months, they become ASEs and start with a salary ranging from 1.2-1.6 Lacs. I want to restructure the compensation package. Other positions like SE earn between 2.5-4 Lacs, and SSE earns between 3.5-5 Lacs. We aim to increase the trainees' salaries to Rs. 1.2 Lacs without significantly impacting the salaries of higher-level professionals like ASEs. We do not intend to alter their CTCs. Are there any parameters that need to be followed? I appreciate your help in this matter.
Thanks,
Mariaa