Remuneration Structure?? - Zip Download

Dear Seniors,

What should be the approximate remuneration that would be payable to two the below designations who would be working in a Manufacturing Company ( Automotive segments) having a turnover of appr. Rs 10 to 12 Crores.


Managing Director
Manager HR

Further if the Managerial staff in this Company would be withdrawing a salary of around Rs 4 to 5 Lakhs. In those terms do we have any ratio of Managerial staff Salary to Managing directors Salary in a Mid Sized Manufacturing Company.

Regards,
S V Erady

What salary range you are planning to give to above designation so that we can help you out!!!!

Dear Prashant,
I have to give a recommendation to my client on the salary range they can look. Now since I am in the service industry I do not have much idea about the automobile domain.
However would the below information help you to suggest an approximate range

• The candidate for the MD position has an overall 18 yrs of exp and is a Postgraduate in Engineering.
• The person for the HR role has overall 3.5 yrs of relevant exp and is an MBA.
  Regards,
  SV Erady

Dear Sverady,
I was searching something similer to your requirement over Cite HR and sharing what I found with you.
Hope it will help you in some way.
Kavita

Hello S V Erady,
I work in Dubai. In Dubai, we participate and submit our company data to Consultants(Such as HayGroup, Mercer etc.,) who conduct Market survey on salary and HR practices and submit a report to all participating clients on salary ranges for benchmark positions and the best practices too. They also classify the report for different industries such as (Oil & Gas, FMCG, Multinational, Government etc.,)
This will be a good guidance and tool for Compensation & Benefits professionals to make a suitable recommendations to Management on any specific positions in line with market pay.
Though I didn't give any direct answer to your request, I hope you find it useful. And, I would like to know, is there any similar practice exists in Mumbai / Pune / India. If yes, please share the processes with some consultants name and what are the charges to it.
Thank you and best regards,
Nellaiappan S Pillai
HC Manager-Compensation & Benefits
DIFC - DUBAI.

As there is no fixed format or structure for the same. It all depends on how much money your organisation want to shell out from its pockets. Moreover the salary would be negotiated by the person on his/ her current salary. So depending on that you need to pay him.

Dear SV Erady,
payment of salary, depends on your business & financial standards. But one should follow the minimum wages as per the particular state, later on i.e., will and please of the employer to more than any thing after minumum wages.
Regards
Gopi Krishna J
09618111567

Hello N S Pillai,
In India specially IT sector, the salaries are mkt competetive. We do the mkt survey and benchmark it. After getting the results, based on comapny's revenues, budget etc, company place itself at the mkt percentile basis. The org like Earnst & young, Hewitt, Mercer do the surveys. I will not be able to share the chrages with you as I am not in compensation team and directly dealing with the vendors.
Regards
Anshu

Hey Kavita,
Thank you very much for sharing the information. It is very useful one and give complete insight in to Compensation structure.
Regards
Anshu

Hi,
First of all we need to Know the meaning of Remuneration that we can clear our doubts. In my knowledge we should prepare a grade structure with employee matrix. This is a HR policy preparation and implimentation process which will be fixed for all employees. We need not to bother for any salary negotiation and any other embarrasing situtation after preparing such HR Policy.
Brgds/ SKD