Hi,
Mine is a registered product based startup in Gurgaon and we are hiring the technical team which includes web developers, android, iOS developers with experience ranging from 2-10 years. We are working on the compensation structure.
I would like to know the mandatory components of compensation that are to be followed by all registered companies.
From India, Gurgaon
Mine is a registered product based startup in Gurgaon and we are hiring the technical team which includes web developers, android, iOS developers with experience ranging from 2-10 years. We are working on the compensation structure.
I would like to know the mandatory components of compensation that are to be followed by all registered companies.
From India, Gurgaon
Hi Chopra,
Components are differ based on salary like if you paying less salary Basic and St.Bonus are sufficient(if you are paying annual bonus,then St.bonus is not required to be the monthly salary components).
For higher salary, break up as mentioned below.
Basic
Hra
Con
Work allow
Spl allowa
St.Bonus(Its applicable if the basis is less than 10000)
Med.Reim(if gross is more than 15001)
From India, Chennai
6Components are differ based on salary like if you paying less salary Basic and St.Bonus are sufficient(if you are paying annual bonus,then St.bonus is not required to be the monthly salary components).
For higher salary, break up as mentioned below.
Basic
Hra
Con
Work allow
Spl allowa
St.Bonus(Its applicable if the basis is less than 10000)
Med.Reim(if gross is more than 15001)
From India, Chennai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Published_draft _rules_on Employees_ compensation 3.6.2020.pdf
Compensation Benchmarking Survey.doc