Hi friends I am working for a small sized financial services organization. It is only 2yrs old organization with 10 employees presently. I need to design a salary structure. Please help. Thanks
From India, Delhi
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From India, Delhi
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Hi Ekta,
Designing a salary structure is pretty simple and demands just a small calculation - put a certain percentage as basic salary, then dearness allowance and the remaining as house rent allowance or something relevant. For example, 10,000 can be broken down to 80:15:5.
Hope this is what you were looking for.
Anish
From Nepal, Kathmandu
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Designing a salary structure is pretty simple and demands just a small calculation - put a certain percentage as basic salary, then dearness allowance and the remaining as house rent allowance or something relevant. For example, 10,000 can be broken down to 80:15:5.
Hope this is what you were looking for.
Anish
From Nepal, Kathmandu
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Dear Ekta,
Greetings for the day!!!
Please check the below-mentioned percentages for designing a salary structure:
- Basic = 50% of the salary
- HRA = 50% of the Basic salary
- Conveyance = $800 per month
- Education = It is based on employee grade
- Performance commission = to balance off the gross
You can include Special allowance in your salary structure, and PF goes optional if your basic salary is equal to or more than $6500. In such cases, it is at the discretion of the company to deduct the PF or not, as PF contribution includes an equal part from the company side.
From India, New Delhi
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68Greetings for the day!!!
Please check the below-mentioned percentages for designing a salary structure:
- Basic = 50% of the salary
- HRA = 50% of the Basic salary
- Conveyance = $800 per month
- Education = It is based on employee grade
- Performance commission = to balance off the gross
You can include Special allowance in your salary structure, and PF goes optional if your basic salary is equal to or more than $6500. In such cases, it is at the discretion of the company to deduct the PF or not, as PF contribution includes an equal part from the company side.
From India, New Delhi
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Creating a Competitive Salary Structure.doc
Salary Structure.zip