Hi everyone, I just wanted to know, how to do break up of salary structure of a sales executive (Fixed and variable pay). kindly help
From India, Aligarh
Acknowledge(0)
Amend(0)
1From India, Aligarh
Acknowledge(0)Amend(0)
Hi there,
For a sales executive, you should first decide the percentage for fixed and variable salary. The person's fixed salary needs to be divided into the following heads:
- Basic
- HRA
- Conveyance
- Other Allowances, etc.
You need to clearly mention the terms for receiving their variable pay. For instance, if your company plans to pay the variable amount yearly, quarterly, or half-yearly.
From India, Mumbai
Acknowledge(0)Amend(0)
For a sales executive, you should first decide the percentage for fixed and variable salary. The person's fixed salary needs to be divided into the following heads:
- Basic
- HRA
- Conveyance
- Other Allowances, etc.
You need to clearly mention the terms for receiving their variable pay. For instance, if your company plans to pay the variable amount yearly, quarterly, or half-yearly.
From India, Mumbai
Acknowledge(0)Amend(0)
Thanks,
Suppose we have salary criteria for Sales Executives in our company, which is fixed between 5K to 7K. Apart from this, we provide Rs. 300 for mobile. If a sales executive is on tour, we provide him Rs. 250 per day for food and lodging. In a day, a sales executive has to visit at least 1 college and meet with the HOD of the department, including the Principal and librarian, and at least 1 book seller as well. For the visit to 1 college, we provide him Rs. 100 per college for traveling. What will be the salary breakup for it? What will be the fixed and variable pay and CTC for the company.
Thanks in advance
From India, Aligarh
Acknowledge(0)Amend(0)
Suppose we have salary criteria for Sales Executives in our company, which is fixed between 5K to 7K. Apart from this, we provide Rs. 300 for mobile. If a sales executive is on tour, we provide him Rs. 250 per day for food and lodging. In a day, a sales executive has to visit at least 1 college and meet with the HOD of the department, including the Principal and librarian, and at least 1 book seller as well. For the visit to 1 college, we provide him Rs. 100 per college for traveling. What will be the salary breakup for it? What will be the fixed and variable pay and CTC for the company.
Thanks in advance
From India, Aligarh
Acknowledge(0)Amend(0)
Dear freind.... Please Send me detail contribution of labour welfare fund. Because its deduction in current month salary. Regards.. Prabhakar
From India, Nasik
Acknowledge(0)Amend(0)
From India, Nasik
Acknowledge(0)Amend(0)
Dear Krishan,
I hope you have not forgotten the Finance Module covered during your MBA. Has the salary that is fixed not categorized as Basic and HRA? If you are giving a mobile allowance irrespective of its usage, you can classify that as fixed. As the food and lodging allowance depends on whether the sales executive is on tour or not, it will be variable. The same goes for any payment that depends on what the executive does. However, for CTC regulations, please refer to some government documents.
Have a nice day.
Simhan
From United Kingdom
Acknowledge(0)Amend(0)
I hope you have not forgotten the Finance Module covered during your MBA. Has the salary that is fixed not categorized as Basic and HRA? If you are giving a mobile allowance irrespective of its usage, you can classify that as fixed. As the food and lodging allowance depends on whether the sales executive is on tour or not, it will be variable. The same goes for any payment that depends on what the executive does. However, for CTC regulations, please refer to some government documents.
Have a nice day.
Simhan
From United Kingdom
Acknowledge(0)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.
More Fixed-To-Variab le Pay HR Trend in Corporate World.pdf
SALARY SHEET CALCULATION.xls
VARIABLE PAY.doc