hello everyone..m a fresher working as hr in IT co. and i have to prepare salary structure for my company..but i don't how to work on this..i have prepared a salary structure which is still incomplete..please guide me on how can improve it..what all can i add and remove..
Name of Employee
Employee code
Gender
Days Worked
Fixed Salary
Bonus
CTC
Per Month (Rs.)
A. Salary
Basic Salary
HRA 40% of (Basic salary+ DA if terms of employment so provides+commission based on a fixed percentage of trunover)
Special Allowance
Transport Allowance
Sub Total B. Benefits :
Provident Fund 12%of basic salary
Gratuity basic *15/26*years of service(after 5 years)
Sub Total
C. Flexible Benefit Plan :
1.Yearly FBP
Medical Expenses
Mediclaim Insurance
LTA
Sub Total Total Pay package (A+B+C)
Name of Employee
Employee code
Gender
Days Worked
Fixed Salary
Bonus
CTC
Per Month (Rs.)
A. Salary
Basic Salary
HRA 40% of (Basic salary+ DA if terms of employment so provides+commission based on a fixed percentage of trunover)
Special Allowance
Transport Allowance
Sub Total B. Benefits :
Provident Fund 12%of basic salary
Gratuity basic *15/26*years of service(after 5 years)
Sub Total
C. Flexible Benefit Plan :
1.Yearly FBP
Medical Expenses
Mediclaim Insurance
LTA
Sub Total Total Pay package (A+B+C)