we give compensation based on how many years he worked.for example karthick he worked past 5 years in IT company that software company gave 10 lacks as compensation for made delay to be given salary.
Dear Abileoa,
Whatever compensation that you give your employees is not only limited to the experience but once employeed they have to boost up the level of contribution in such a competitive market across. IT is the best competitor; make sure the best of remuneration is fortified.
By compensation you mean salary ?
There is no standard criteria.
You need to check the market rate : how much others are paying and pay similar amounts
You also can check the Internet for recent updates on compensation surveys in specific industry.
We cross check salary levels with friends we have in other industries and companies to see how far we are from market rates.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute