Dear All,
I have recently joined a manufacturing company as an HR Executive. This company is almost 50 yrs old. We are still following the conventional working style and old policies.
In the present salary structure of our company, Basic is 70-75 % of total Gross Sal. Apart from basic there are only 2 components i.e. HRA and Conveyance. Most of the employees specially those falling in higher salary bracket, where basic is almost 60 to 80 K , are really complaining and requesting to change this structure and make it more employee friendly so that they can save some tax amounts.
I would be really thankful to all of you if you can give your valuable inputs on this and suggest me a good salary structure which will be best for both the employees and employer.
Thanks
Preeti :)
I have recently joined a manufacturing company as an HR Executive. This company is almost 50 yrs old. We are still following the conventional working style and old policies.
In the present salary structure of our company, Basic is 70-75 % of total Gross Sal. Apart from basic there are only 2 components i.e. HRA and Conveyance. Most of the employees specially those falling in higher salary bracket, where basic is almost 60 to 80 K , are really complaining and requesting to change this structure and make it more employee friendly so that they can save some tax amounts.
I would be really thankful to all of you if you can give your valuable inputs on this and suggest me a good salary structure which will be best for both the employees and employer.
Thanks
Preeti :)