Dear All,
Kindly help with Benchmark Salary Slab for manufacturing industries in India.
Regards
Chiranjeet
From India
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Kindly help with Benchmark Salary Slab for manufacturing industries in India.
Regards
Chiranjeet
From India
Acknowledge(0)Amend(0)
The benchmark salary slab for manufacturing industries in India can vary significantly depending on the specific industry, the region, and the level of the position. However, I can provide some general guidelines.
1. Entry-Level Positions: For entry-level positions, the salary can range from INR 15,000 to INR 25,000 per month.
2. Mid-Level Positions: For mid-level positions such as managers and supervisors, the salary can range from INR 30,000 to INR 60,000 per month.
3. Senior-Level Positions: For senior-level positions such as directors and executives, the salary can be anywhere from INR 1 lakh to INR 3 lakh per month.
Please note that these are just rough estimates and the actual salary can vary based on the company's pay structure, the individual's qualifications and experience, and other factors.
For a more accurate understanding, you might want to refer to salary benchmarking reports or surveys conducted by HR consulting firms. Websites like Glassdoor and Payscale also provide salary information based on user inputs.
Remember, while setting salaries, it's important to comply with the minimum wage laws as per the Indian Labour Laws. The Minimum Wages Act, 1948, mandates that wages should not be below a certain threshold, which varies from state to state. You can check the latest minimum wage rates on the official website of the Ministry of Labour and Employment, Government of India.
Lastly, it's also important to consider other factors such as employee benefits, bonuses, and incentives, as these can significantly impact the overall compensation package.
From India, Gurugram
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961. Entry-Level Positions: For entry-level positions, the salary can range from INR 15,000 to INR 25,000 per month.
2. Mid-Level Positions: For mid-level positions such as managers and supervisors, the salary can range from INR 30,000 to INR 60,000 per month.
3. Senior-Level Positions: For senior-level positions such as directors and executives, the salary can be anywhere from INR 1 lakh to INR 3 lakh per month.
Please note that these are just rough estimates and the actual salary can vary based on the company's pay structure, the individual's qualifications and experience, and other factors.
For a more accurate understanding, you might want to refer to salary benchmarking reports or surveys conducted by HR consulting firms. Websites like Glassdoor and Payscale also provide salary information based on user inputs.
Remember, while setting salaries, it's important to comply with the minimum wage laws as per the Indian Labour Laws. The Minimum Wages Act, 1948, mandates that wages should not be below a certain threshold, which varies from state to state. You can check the latest minimum wage rates on the official website of the Ministry of Labour and Employment, Government of India.
Lastly, it's also important to consider other factors such as employee benefits, bonuses, and incentives, as these can significantly impact the overall compensation package.
From India, Gurugram
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INDIA SALARY HANDBOOK 2008 - 09.pdf