I am part of a partnership firm that is less than 2 years old. The total number of employees working is less than 10, and I am in the process of recruiting a manager whose cost is 10.25 lakhs CTC. I am seeking advice on how to structure his salary. As of now, we have not registered with PF, as the basic requirement is a minimum of 20 employees and the company should be at least 3 years old. The current employees are at a junior level and are earning less than 10,000. Could you please guide me on how to formulate the salary offer for 10.25 lakhs per annum?
Your help and suggestions would be greatly appreciated.
Regards,
Rajan
Your help and suggestions would be greatly appreciated.
Regards,
Rajan