hi everyone, Pls, can anybody help me out to guide me full knowledge of salary making. tarting from basic thing. Ankur
From India, Delhi
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From India, Delhi
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I am a student of NDIM in the 3rd semester, pursuing MBA in HR. Our college is not attracting good companies for placements. Only consultancies are visiting, and they are not well-known, offering low salary packages. I have uploaded my CV on naukri.com and other job portals, but I am only receiving calls from consultancies. I dislike the idea of joining a consultancy and working in recruitment there. What should I do?
Also, could you provide me with a comprehensive understanding of salary structures?
From India, Delhi
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Also, could you provide me with a comprehensive understanding of salary structures?
From India, Delhi
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Dear Ankur,
The issue of salary is not a complex one. You have to consider basic salary, HRA, Conveyance, and other allowances, which together form the gross salary. Some companies may provide additional benefits like medical allowances, which need to be included in the salary bifurcation. Understanding the breakdown of the salary is crucial as it is based on the CTC agreed upon with the employee.
Once you have identified the salary components, you need to deduct PF, ESI (if applicable), professional tax, and any outstanding loans or advances. This deduction will lead to the net salary of the employee. PF is calculated based on the basic salary earned, while for ESI, the basic salary, HRA, and other allowances are taken into consideration. The PF deduction rate is 12%, and ESI deduction rate is 1.75%.
If you need further clarification, feel free to email me at mprabhakarrao@rediffmail.com.
Best wishes,
Prabhakar Rao M.
From India, Delhi
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5The issue of salary is not a complex one. You have to consider basic salary, HRA, Conveyance, and other allowances, which together form the gross salary. Some companies may provide additional benefits like medical allowances, which need to be included in the salary bifurcation. Understanding the breakdown of the salary is crucial as it is based on the CTC agreed upon with the employee.
Once you have identified the salary components, you need to deduct PF, ESI (if applicable), professional tax, and any outstanding loans or advances. This deduction will lead to the net salary of the employee. PF is calculated based on the basic salary earned, while for ESI, the basic salary, HRA, and other allowances are taken into consideration. The PF deduction rate is 12%, and ESI deduction rate is 1.75%.
If you need further clarification, feel free to email me at mprabhakarrao@rediffmail.com.
Best wishes,
Prabhakar Rao M.
From India, Delhi
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Hi Divya,
Post your question in another section. For example, if you want to talk with a senior, then go to the "Talk to Senior" section. If you want to know about vacancies, go to that section. Do not post your question where something is already being discussed; no one will reply to you here. It's better to post your question in the right section.
Thanks,
Sushma
From China, Beijing
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Post your question in another section. For example, if you want to talk with a senior, then go to the "Talk to Senior" section. If you want to know about vacancies, go to that section. Do not post your question where something is already being discussed; no one will reply to you here. It's better to post your question in the right section.
Thanks,
Sushma
From China, Beijing
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hello , its rahul here can anyone tell me , how to make a proper salary of an employee, suppose anyone is getting 10,000 what will be the salary structure
From India, Gurgaon
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From India, Gurgaon
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Creating a Competitive Salary Structure.doc
Compensation Structure.ppt