how is basic fixed for different grades, minimum and maximum in the hotel industry?
From India, Chennai
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From India, Chennai
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Hi,
First criteria is to check the Minimum Wages Act. Once you know that you are not violating the Act, do a comprehensive survey of the industry. Many online tools are available; a simple search on Google will help you a lot. You can also try payscale.com.
It also depends on the size of the hotel, the star rating of the hotel, and various departments therein.
In case you need more clarification on how to go about it, write to me at niraj.imb@gmail.com.
Happy learning!
Regards,
Niraj Sharma
From India, Bangalore
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14First criteria is to check the Minimum Wages Act. Once you know that you are not violating the Act, do a comprehensive survey of the industry. Many online tools are available; a simple search on Google will help you a lot. You can also try payscale.com.
It also depends on the size of the hotel, the star rating of the hotel, and various departments therein.
In case you need more clarification on how to go about it, write to me at niraj.imb@gmail.com.
Happy learning!
Regards,
Niraj Sharma
From India, Bangalore
Acknowledge(1)Amend(0)
Dear Priya,
You need to pay the minimum basic specified as per the minimum wages applicable for your state. If you don't have DA as part of your salary structure, then you need to add DA + Basic as per the minimum wages specification. Secondly, as per standards, the basic is shown as 40% of the total CTC if you are paying over and above minimum wages.
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You need to pay the minimum basic specified as per the minimum wages applicable for your state. If you don't have DA as part of your salary structure, then you need to add DA + Basic as per the minimum wages specification. Secondly, as per standards, the basic is shown as 40% of the total CTC if you are paying over and above minimum wages.
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