I have recently joined as an HR Executive in a small company. The earlier HR did not hand over the responsibilities properly, due to which I am unable to find the exact calculation basis of the salary. However, I tried to create a format of the salary structure and shared it with my seniors.
Salary Structure and Challenges
The salary range in my company varies from 10k to 70k per month, depending on the role and designation of the employee. With my format, I attempted to minimize the basic salary as the gross income increases. However, there was another argument that if the basic salary exceeds 6500 for employees whose salary is up to 35k, then the company would have to contribute more to their PF, and they do not want to contribute higher amounts.
Kindly guide me.
Regards.
Salary Structure and Challenges
The salary range in my company varies from 10k to 70k per month, depending on the role and designation of the employee. With my format, I attempted to minimize the basic salary as the gross income increases. However, there was another argument that if the basic salary exceeds 6500 for employees whose salary is up to 35k, then the company would have to contribute more to their PF, and they do not want to contribute higher amounts.
Kindly guide me.
Regards.