Hi,
I recently got converted to company payrolls after my probation. Since I take a keen interest in all HR practices, I try to get as much information as I can about the various practices followed in my employer company.
When I look through the set of communication shared over my conversion amongst others....I find terms like TCC & Compa Ratio. Can anyone please help me understand these terms?
I understand that any sort of increment for employees in this case was centered around TCC & Compa Ratio. While mine read around 98.7%, there was another with 104%. Does this mean that I got a lesser increment? How is this percentage computed and how is it used to decide the salary of an employee?
Appreciate your earliest reply on this.
Thanks & Regards,
Parichay Dewan.
From India, Mumbai
I recently got converted to company payrolls after my probation. Since I take a keen interest in all HR practices, I try to get as much information as I can about the various practices followed in my employer company.
When I look through the set of communication shared over my conversion amongst others....I find terms like TCC & Compa Ratio. Can anyone please help me understand these terms?
I understand that any sort of increment for employees in this case was centered around TCC & Compa Ratio. While mine read around 98.7%, there was another with 104%. Does this mean that I got a lesser increment? How is this percentage computed and how is it used to decide the salary of an employee?
Appreciate your earliest reply on this.
Thanks & Regards,
Parichay Dewan.
From India, Mumbai
HI
Theoretically speaking , Compa Ratio gives the relationship (ratio) of an individual's salary to the mid point of his present band/grade.
A compa ratio of <1 (or less than 100%) means that he's paid lower than his band's mid point (average) ..
TCC (Total Cost to company) would mean a sum of fixed pay & variable pay.
Fixed Pay consists of total guaranteed cash ( base salary+cash emoluments) + Conveyence+Loans+Housing+Retirals..
Variable Pay consists of performance based bonuses/tranining costs etc..
Regards
Dheeraj
:idea:
From India, Calcutta
3Theoretically speaking , Compa Ratio gives the relationship (ratio) of an individual's salary to the mid point of his present band/grade.
A compa ratio of <1 (or less than 100%) means that he's paid lower than his band's mid point (average) ..
TCC (Total Cost to company) would mean a sum of fixed pay & variable pay.
Fixed Pay consists of total guaranteed cash ( base salary+cash emoluments) + Conveyence+Loans+Housing+Retirals..
Variable Pay consists of performance based bonuses/tranining costs etc..
Regards
Dheeraj
:idea:
From India, Calcutta
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