Hi everybody, can anybody help me with information relating to reimbursements for employees at various levels and compensating employees for extra hours worked? I want this for an IT company with 30 employees across different departments such as development, support, admin, HR, sales, and marketing.
Details Needed on Reimbursements and Compensation
Please provide details on the actual amounts in Rupees for reimbursements and compensation, as well as guidance on how to calculate them. I am eagerly waiting for your valuable inputs.
Regards
From India, Delhi
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Details Needed on Reimbursements and Compensation
Please provide details on the actual amounts in Rupees for reimbursements and compensation, as well as guidance on how to calculate them. I am eagerly waiting for your valuable inputs.
Regards
From India, Delhi
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It can be on pro-rata of their average daily salary/wages or some fixed amt for various levels. Pon
From India, Lucknow
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616From India, Lucknow
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Overtime Payment Guidelines
There is a thread on overtime payment. Please search.
Understanding Overtime Rates
Overtime is usually double the rate of salary per hour of Gross salary (basic + flexi-pay/FBP or DA). Exclude bonus and benefits.
Regulations on Working Hours
Hours of work are usually governed by the Shops and Establishments Act of the state where your IT company exists.
From India, Bangalore
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There is a thread on overtime payment. Please search.
Understanding Overtime Rates
Overtime is usually double the rate of salary per hour of Gross salary (basic + flexi-pay/FBP or DA). Exclude bonus and benefits.
Regulations on Working Hours
Hours of work are usually governed by the Shops and Establishments Act of the state where your IT company exists.
From India, Bangalore
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Reimbursement Structure for Various Levels
Reimbursement for various levels depends on the flexible structure that your company has adopted for different bands. It can range from telephone reimbursements, Sodexo, LTA, business attire, car/fuel (depending on the CC of the car - Rs.1800 if the car CC is below 1600, Rs.2400 if the car CC is more than 1600), and driver (Rs. 900).
Hope this helps.
Cheers,
Karthik
From China, Beijing
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Reimbursement for various levels depends on the flexible structure that your company has adopted for different bands. It can range from telephone reimbursements, Sodexo, LTA, business attire, car/fuel (depending on the CC of the car - Rs.1800 if the car CC is below 1600, Rs.2400 if the car CC is more than 1600), and driver (Rs. 900).
Hope this helps.
Cheers,
Karthik
From China, Beijing
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EMPLOYEE BANDING & LEVELS.doc
Employee's Compensation Act-2009.pdf