Hi all,
I don't know how to read a pay scale. For example: If a pay scale is given as: Rs. 10,000 - 470/6 - 12,820 - 500/3 - 14,320 - 560/7 - 18,240... what does it mean? It would be really great if you could help me in this regard.
Thanks and regards,
George
From India, Mumbai
Acknowledge(0)
Amend(0)
1I don't know how to read a pay scale. For example: If a pay scale is given as: Rs. 10,000 - 470/6 - 12,820 - 500/3 - 14,320 - 560/7 - 18,240... what does it mean? It would be really great if you could help me in this regard.
Thanks and regards,
George
From India, Mumbai
Acknowledge(0)Amend(0)
Gentleman,
It's a simple function. The initial offer is a Basic or Consolidated Salary at $10,000. Annual Increments at $470 X 6 years = $2,820. Annual Increments at $500 X 3 years = $1,500. Annual Increments at $560 X 7 years = $3,920. The TOTAL is $8,240 + $10,000 = $18,240 Efficiency Bar.
If something else is mentioned instead of Annual Increments, such as monthly increments, weekly increments, or based on achievements or targets, it will be interpreted accordingly according to the terms and conditions of the appointment letters. This explanation is based on market interpretation, and in practice, this type of pay scale is referred to as a "time scale" with increments. However, there are many other compensation modules available apart from this.
Badlu
From Saudi Arabia
Acknowledge(0)Amend(0)
It's a simple function. The initial offer is a Basic or Consolidated Salary at $10,000. Annual Increments at $470 X 6 years = $2,820. Annual Increments at $500 X 3 years = $1,500. Annual Increments at $560 X 7 years = $3,920. The TOTAL is $8,240 + $10,000 = $18,240 Efficiency Bar.
If something else is mentioned instead of Annual Increments, such as monthly increments, weekly increments, or based on achievements or targets, it will be interpreted accordingly according to the terms and conditions of the appointment letters. This explanation is based on market interpretation, and in practice, this type of pay scale is referred to as a "time scale" with increments. However, there are many other compensation modules available apart from this.
Badlu
From Saudi Arabia
Acknowledge(0)Amend(0)
Dear bablu could you please explane me about this pay scale 20,000-500-21,500-700-23,600-900-26,300-1,000-29,300-1,200-32,900-1400-37,100 Regards, Monica
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
Generally, such types of pay scales are adopted by government authorities. This pay scale indicates only the basic pay, not the gross. To obtain the gross pay, one has to add DA, ADA, other allowances, etc. From your above figures, the starting basic pay of an employee is Rs. 20,000 with a yearly increment of Rs. 500 until it reaches Rs. 21,500 (i.e., for the initial 3 years), and then increases by Rs. 700 until it reaches Rs. 23,600, and so on.
The same scale also indicates that an existing employee who has already completed 9 years in service will get a basic pay of Rs. 26,300 and an increment of Rs. 1,000 until reaching the next slab.
Hope this is clear.
Regards.
From India, Hyderabad
Acknowledge(1)Amend(0)
The same scale also indicates that an existing employee who has already completed 9 years in service will get a basic pay of Rs. 26,300 and an increment of Rs. 1,000 until reaching the next slab.
Hope this is clear.
Regards.
From India, Hyderabad
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Pay scale.doc
Designing pay Structure, Levels, and Mix.ppt
Pay structure.xls