Salary Restructuring
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Search Result For "Salary Restructuring" - Page 1
Madhu,Is it true that the basics of the salary structure should not be less than the minimum wages??DM
No, it is not like that. The total fixed emolument should not be less than the minimum wages. You can have HRA, DA, or other allowances, but these should be fixed, and the total of basic + DA + HRA, etc., should not be less than the minimum wages fixed by the go...
Postponement of EL encashment is not illegal but can be done with mutual consent. However, refusing to encash shall not be a good exercise even when the same is initiated as a part of cost reduction. The former is a temporary arrangement. In a similar way, a mea...
Restructuring of salary is your internal matter, but it should not be done with a view to reducing the net take-home salary of employees. It is clearly stated in the EPF Act and ESI Act that no reduction in salary so as to reduce the employer's liability towards...
Just a little hint about something to think about:Management… Will the managers and directors also have a reduction in their salary? If not, you will have a big problem with the employees. The directors, and not only managers, they have to serve as a model, and ...
A company that is not covered by ESI/EPF must have a workforce of less than 20\. Even for such a small establishment, the provisions of the Minimum Wages Act will apply. If the company wants to sustain itself, it should explore other means of cost reduction, suc...
Is it possible that for fixed EL and CL, provided swapping can be done if either finishes, as this is followed by some organizations, or strictly the CL and SL be compensated for leaves taken from the same?
Dear JM,For these purposes, I would suggest that you hire HR professionals like me, who have over 40 years of industry experience, out of which 20 years are in the HR domain alone!Best wishes,NK Sundaram9844008049sundargem@yahoo.co.in
Dear JM,Salary restructuring is a complicated matter, as you have rightly pointed out. If this is not done carefully, employees may leave the organization abruptly.If your organization does not have a scale of pay for each grade, then it will be difficult for yo...
Dear all,I request your valuable inputs for the following issue:This is for an organization that has recently restructured its salary structure based on industry standards. I wanted to know how you would increase the actual salary of each individual.For example,...