Seeking HR Mentorship: Insights on IT Firm Policies in Delhi Needed

Hello Everyone, I have just started as an HR professional and am looking for someone to mentor me in this regard. I would appreciate it if someone could share with me the various HR policies for a small to mid-sized IT firm in and around Delhi, with the main office based outside of India. Below are a few areas of concern:

- Salary range for Senior to Junior level IT associates,
- Bonus percentages and how frequently companies give bonuses,
- Frequency of pay hikes and the percentage of the same,
- Medical Benefits - best health insurance schemes and the amount paid,
- Details to be included in the job contract of an employee.

I am looking forward to hearing from experienced and senior HR Managers/Personnel, especially those who have worked in IT-related firms. Thanks in advance.

Regards,

Thank you for mentioning the areas you wish to learn. Here's my suggestion: please consider connecting with Samvedan. He has been mentoring many, like me. I share one of his contributions in the link Day-to-day activities of HR Manager.

Regards,
(Cite Contribution)

In addition to the information referred to by Ms. NABOMITA, I am sharing my knowledge marked in bold and purple, providing you with basic inputs. I may not be able to meet your expectations 100% because I am not a part of your organization nor a consultant to study and present you with exact information based on facts and figures. You need to coordinate with your finance department and work closely with your top management. Only then will you be in a position to acquire relevant information.

With profound regards,

Thanks for the information, and special thanks to Shaik Abdul Khadir for elaborating on the points. It was really informative as it has given me an understanding of the functioning of HR policies in India.

Regards,
ladybee

Salary Range
For salary range, refer to Hay Group or Mercer or some other reputed vendor's compensation surveys.

Bonus
Which one are you referring to, statutory or incentive plans? For statutory, refer to the law. For incentives, revert to salary surveys.

Frequency of Pay Hikes
Refer to compensation surveys again; normally, an annual cycle is followed.

Benefits
You will have to ask for fresh quotes from various players. Getting someone else's quotes won't help as bargaining power, target audience, etc., vary.

Contract
If you want to do it yourself, copying and pasting won't help. An in-depth understanding of labor laws is required. For starters, check employment contracts of one of your vendors and build upon the same.