Hi Dear Professional Friends,
As you are all aware, nowadays compensation benchmarking plays a vital role in setting up good salary packages that organizations need to retain employees for a longer time.
Can anyone help me out with details on the following issues:
- Compensation & Benefits practices
- Industry benchmarking on salary structures
- Market trends on compensation, ESOPs, variables, perks, etc.
- CTC breakup and tax friendliness
How to implement the above suggestions or email me any documentation/procedure at my id [ksri_nivas@yahoo.com](mailto:ksri_nivas@yahoo.com).
Thanks in advance.
Regards,
SrinivaS
From India, Visakhapatnam
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4As you are all aware, nowadays compensation benchmarking plays a vital role in setting up good salary packages that organizations need to retain employees for a longer time.
Can anyone help me out with details on the following issues:
- Compensation & Benefits practices
- Industry benchmarking on salary structures
- Market trends on compensation, ESOPs, variables, perks, etc.
- CTC breakup and tax friendliness
How to implement the above suggestions or email me any documentation/procedure at my id [ksri_nivas@yahoo.com](mailto:ksri_nivas@yahoo.com).
Thanks in advance.
Regards,
SrinivaS
From India, Visakhapatnam
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Dear Mr. Srinivasan,
The benchmarking of salary packages should be aligned with similar industries or allied business groups. In my opinion, this can help you understand the market conditions better. However, there are no scientific methods to resolve this issue. There are a few professional consultants who can assist you in this matter. You may also refer to such consultants to undertake your assignment.
Always design this keeping in view the organization's growth, expansion plans, performance, etc.
Best wishes,
S. Amarnath
From India, Bangalore
Acknowledge(0)Amend(0)
The benchmarking of salary packages should be aligned with similar industries or allied business groups. In my opinion, this can help you understand the market conditions better. However, there are no scientific methods to resolve this issue. There are a few professional consultants who can assist you in this matter. You may also refer to such consultants to undertake your assignment.
Always design this keeping in view the organization's growth, expansion plans, performance, etc.
Best wishes,
S. Amarnath
From India, Bangalore
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Compensation Benchmarking Survey.doc
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