Hi All,
I am working in a startup IT company located in Noida. We are due for the yearly increments, and now we want to increase the salary brackets as per the market standards only. So, I need help in this regard to know about the salary structures for different levels and different departments. The departments that we have are: Testing - Executive & Senior level, PHP developers - Executive to team lead (all levels), sales (all levels), Product - Senior level, etc.
Kindly reply ASAP.
From India, New%20Delhi
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I am working in a startup IT company located in Noida. We are due for the yearly increments, and now we want to increase the salary brackets as per the market standards only. So, I need help in this regard to know about the salary structures for different levels and different departments. The departments that we have are: Testing - Executive & Senior level, PHP developers - Executive to team lead (all levels), sales (all levels), Product - Senior level, etc.
Kindly reply ASAP.
From India, New%20Delhi
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Hi!
You will have to do market benchmarking to be able to upgrade your rates in the salary structure. The market median rates are the ones used to compare a company's rate with the market. Market data can generally be taken from compensation surveys prepared by international organizations in your country.
Best regards,
Ed Llarena, Jr. Managing Partner Emilla International Consulting Services Tel: 00632-832-9979
From Philippines, Parañaque
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95You will have to do market benchmarking to be able to upgrade your rates in the salary structure. The market median rates are the ones used to compare a company's rate with the market. Market data can generally be taken from compensation surveys prepared by international organizations in your country.
Best regards,
Ed Llarena, Jr. Managing Partner Emilla International Consulting Services Tel: 00632-832-9979
From Philippines, Parañaque
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Creating a Competitive Salary Structure.doc
2008 IT Salary Report - US MARKET.pdf
Salary Structure.zip
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(Fact Checked)-The user's reply is correct in emphasizing market benchmarking for adjusting salary structures. However, it would be beneficial to mention more about job evaluation and analysis for a comprehensive review. (1 Acknowledge point)