Hi everyone,
i need to know the salary components of an Chief financial officer, call centre agent and regional sales manager. pls help me. what are the salary components to be present in thier jobs..
From India, Madras
i need to know the salary components of an Chief financial officer, call centre agent and regional sales manager. pls help me. what are the salary components to be present in thier jobs..
From India, Madras
Dear Martin,
Across industry the compensation structure varies ,but there are certain fixed components which are as follows :
1.Basic
2.DA/VDA/FDA
3.HRA ( 50% of basic for metros & 40% for non -metros & with minimum of 5% of baisc as per HRA Act for state of Maharastra )
4.Conveyance Allowance/Transportation Allowance
The above four components are fixed across any organisation or industry.
Based of organisation needs , an organisation designs its own compensation structure to suit its requirement .
Whether the position is that of CFO/RSM/CCA ,these four components will continue to exist .If company has provisioned for car/bike or any travel facility than conveyance/Transportation allownace will not form part of the fixed pay..
Then we have variable pay which are tied up with the performance of an individual say for example of CFO Position , you can add one component as Performance allowance/Performance bonus/Performance award which can be an annual payout/quaterly payout/Half yearly payout depending upon requirements of the organisation and role of payout in motivating an individual to perform better and delivering best.
For sales & call centre agents position incentives and commission can be added as variable pay ,or in case of agents position retainer ship allowance plus commission would be the best fit.
General components :
1.Child education allowance
2. Uniform allowance
3. other Fringe benefits viz. Food coupons/Meal pass etc can be added.
Regards,
AS
From India, Rohtak
15Across industry the compensation structure varies ,but there are certain fixed components which are as follows :
1.Basic
2.DA/VDA/FDA
3.HRA ( 50% of basic for metros & 40% for non -metros & with minimum of 5% of baisc as per HRA Act for state of Maharastra )
4.Conveyance Allowance/Transportation Allowance
The above four components are fixed across any organisation or industry.
Based of organisation needs , an organisation designs its own compensation structure to suit its requirement .
Whether the position is that of CFO/RSM/CCA ,these four components will continue to exist .If company has provisioned for car/bike or any travel facility than conveyance/Transportation allownace will not form part of the fixed pay..
Then we have variable pay which are tied up with the performance of an individual say for example of CFO Position , you can add one component as Performance allowance/Performance bonus/Performance award which can be an annual payout/quaterly payout/Half yearly payout depending upon requirements of the organisation and role of payout in motivating an individual to perform better and delivering best.
For sales & call centre agents position incentives and commission can be added as variable pay ,or in case of agents position retainer ship allowance plus commission would be the best fit.
General components :
1.Child education allowance
2. Uniform allowance
3. other Fringe benefits viz. Food coupons/Meal pass etc can be added.
Regards,
AS
From India, Rohtak
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx