Hi This Is Saddy Can Any body tell me the calculation of the salary on monthly basis in the Excel Format
From India, Kanpur
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2From India, Kanpur
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Greetings,
You will find the templates and sample sheets in the link below as a point of reference. You should design the one that is relevant to your company based on the following areas:
- Salary budget allocated for each hire: Some roles may have a bigger budget than others. Therefore, you may need to include car allowances and Sodexo. For a lesser amount, you should maintain the basic format.
- Benefits allocation based on the business model: You may offer a detailed mediclaim plan for the employee and their family from the day the employee joins. You could adjust the plan to be activated post-probation to reduce administrative costs related to attrition. The sum assured would depend entirely on your organization's budget. Other benefits such as relocation and city allowance are determined by business needs.
- Legal and sectoral standards to be maintained: Please study the mandatory legal standards that need to be maintained. You should follow the prevalent salary format in your sector.
Hope this information is helpful. Feel free to post your queries and let us contribute to your learning.
Salary guide (Link updated to site home) (Search On Cite | Search On Google)
Regards,
(Cite Contribution)
From India, Mumbai
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You will find the templates and sample sheets in the link below as a point of reference. You should design the one that is relevant to your company based on the following areas:
- Salary budget allocated for each hire: Some roles may have a bigger budget than others. Therefore, you may need to include car allowances and Sodexo. For a lesser amount, you should maintain the basic format.
- Benefits allocation based on the business model: You may offer a detailed mediclaim plan for the employee and their family from the day the employee joins. You could adjust the plan to be activated post-probation to reduce administrative costs related to attrition. The sum assured would depend entirely on your organization's budget. Other benefits such as relocation and city allowance are determined by business needs.
- Legal and sectoral standards to be maintained: Please study the mandatory legal standards that need to be maintained. You should follow the prevalent salary format in your sector.
Hope this information is helpful. Feel free to post your queries and let us contribute to your learning.
Salary guide (Link updated to site home) (Search On Cite | Search On Google)
Regards,
(Cite Contribution)
From India, Mumbai
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SALARY SHEET CALCULATION.xls