Hi All please help me understand how to determine pay across levels what factors are to kept in mind for pay determination? waiting revert
From India, Faridabad
Acknowledge(0)
Amend(0)
From India, Faridabad
Acknowledge(0)Amend(0)
Hi Azurehr,
This is a very vast topic. Here are a few suggestions:
1. Have a professional benchmarking company like Mercer or Hewitt conduct a study and provide you with a report on salary parity in organizations similar to yours. Then, decide on the various salary ranges according to bandwidths.
2. Consider factors such as the technology/domain, qualifications, nature of the business, industry competitors, availability of skilled resources, etc.
3. It's essential to consider the HR budget for employee compensation. These factors determine the compensation received by certain professionals, e.g., software engineers.
What exactly are you looking for? Are you interested in factors affecting salaries or components of a salary, such as Basic/DA/PF, etc.?
If you search for salary breakups, you will find that this topic has been widely discussed and can be very helpful.
Regards,
Preeti
From India, Pune
Acknowledge(0)Amend(0)
10This is a very vast topic. Here are a few suggestions:
1. Have a professional benchmarking company like Mercer or Hewitt conduct a study and provide you with a report on salary parity in organizations similar to yours. Then, decide on the various salary ranges according to bandwidths.
2. Consider factors such as the technology/domain, qualifications, nature of the business, industry competitors, availability of skilled resources, etc.
3. It's essential to consider the HR budget for employee compensation. These factors determine the compensation received by certain professionals, e.g., software engineers.
What exactly are you looking for? Are you interested in factors affecting salaries or components of a salary, such as Basic/DA/PF, etc.?
If you search for salary breakups, you will find that this topic has been widely discussed and can be very helpful.
Regards,
Preeti
From India, Pune
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Professionalism for software engineers V.1.pdf
Salary Break Up - Performance Pay.xls