Dear Seniors,
My CEO has given me a challenging job of creating band like B1 ,B2, B3 which would help to decide the salary & other facility to be provided to a particular position. I am clueless about it. Plz help me in preparing the bands.
Regards,
Durga
From India, Delhi
23My CEO has given me a challenging job of creating band like B1 ,B2, B3 which would help to decide the salary & other facility to be provided to a particular position. I am clueless about it. Plz help me in preparing the bands.
Regards,
Durga
From India, Delhi
FIRST, CREATE LIST OF TOTAL JOB POSITIONS IN THE ORGANIZATION..........:huh:
SECOND, SEGREGATE THEM INTO JOB FAMILIES AS PER OCCUPATIONAL CLASSIFICATIONS- TECHNICAL, ADMINISTRATION, PROFESSIONAL, ETC.....:!:
THIRD, PLACE THEM INTO AS PER THEIR IMPORTANCE AND MERIT IN ORDER OF MOST IMPORTANT TO LEAST IMPORTANT IN VERTICAL LEVELS OF JOBS FOR PLACING INTO HIERARCHYCAL GRADES LEVELS......:(
FOURTH, CLUB THEM INTO CLUSTER OF JOBS IN HORIZONTAL GRADE STRICRURE WITH MINIMUM TO MAXIMUM SALARY SPREAD WITH MINIUM-MID-MAXIMUM SALARY RANGE IN EACH GRADES.....:-D
THEN DENOTE THOSE GRADES AS A,B,C,D, OR M1,M2.M3 WHAT EVER YOU FEEL FIT AS GRADE STRUCTURE.............:idea:
From Saudi Arabia
SECOND, SEGREGATE THEM INTO JOB FAMILIES AS PER OCCUPATIONAL CLASSIFICATIONS- TECHNICAL, ADMINISTRATION, PROFESSIONAL, ETC.....:!:
THIRD, PLACE THEM INTO AS PER THEIR IMPORTANCE AND MERIT IN ORDER OF MOST IMPORTANT TO LEAST IMPORTANT IN VERTICAL LEVELS OF JOBS FOR PLACING INTO HIERARCHYCAL GRADES LEVELS......:(
FOURTH, CLUB THEM INTO CLUSTER OF JOBS IN HORIZONTAL GRADE STRICRURE WITH MINIMUM TO MAXIMUM SALARY SPREAD WITH MINIUM-MID-MAXIMUM SALARY RANGE IN EACH GRADES.....:-D
THEN DENOTE THOSE GRADES AS A,B,C,D, OR M1,M2.M3 WHAT EVER YOU FEEL FIT AS GRADE STRUCTURE.............:idea:
From Saudi Arabia
thanx friend,
but need more clarity. could you plz make me understand with example? plz also tell me that the breakup also differs band to band. for ex in case of B1 HRA was 50% of basic so in case of B2 it is 65% of basic. is it like that? it would be wonderful & great help if u could give me the format of bands. plz help me fren.
Regards,
Durga
From India, Delhi
but need more clarity. could you plz make me understand with example? plz also tell me that the breakup also differs band to band. for ex in case of B1 HRA was 50% of basic so in case of B2 it is 65% of basic. is it like that? it would be wonderful & great help if u could give me the format of bands. plz help me fren.
Regards,
Durga
From India, Delhi
Band
Levels
Designations
Designations
Designations
䦋㌌㏒㧀좈琰茞ᓀ㵂ÜLevels
Designations
Designations
Designations
䦋㌌㏒㧀좈琰茞ᓀ㵂Ü
BPO
IT (Hyd/ Delhi)
Support Services
A
2
CxO /Sr. VP
A
1
VP
B
2
Financial Controller/ Assoc. VP
B
1
AVP / Financial Controller
C
4
Sr. Manager
Program Manager
Sr. Manager
C
3
Manager
Manager/ Project Manager
Manager
C
2
Dep Manager
Asst. Manager-IT, Team Lead-IT/ Tech Lead-IT/ Principal Engineer-IT
Dep Manager
C
1
Asst Manager
Senior Engineer-IT
Asst Manager
D
3
Team Leader
Engineer-IT
Asst Manager
D
2
Sr. Process Executive
Jr. Engineer
Sr. Executive
D
1
Process Executive
䦋㌌㏒㧀좈琰茞ᓀ㵂ÜIT (Hyd/ Delhi)
Support Services
A
2
CxO /Sr. VP
A
1
VP
B
2
Financial Controller/ Assoc. VP
B
1
AVP / Financial Controller
C
4
Sr. Manager
Program Manager
Sr. Manager
C
3
Manager
Manager/ Project Manager
Manager
C
2
Dep Manager
Asst. Manager-IT, Team Lead-IT/ Tech Lead-IT/ Principal Engineer-IT
Dep Manager
C
1
Asst Manager
Senior Engineer-IT
Asst Manager
D
3
Team Leader
Engineer-IT
Asst Manager
D
2
Sr. Process Executive
Jr. Engineer
Sr. Executive
D
1
Process Executive
Executive
E
Support Staff
E
Support Staff
From India, Madras
I DON'T KNOW WHAT IS GRATER B1 OR B2 SO ITS DIFFICULT TO SAY... AS YOU MOVE UPWARD IN SALARY GRADES % ON BASIC CALCULATION WILL PROPORTIONATELY INCREASE
FOR EXAMPLE 50% OF 10000 = 5000
65% OF 12000 = 7800
70% OF 15000 = 10500
YOU HAVE TO THINK OF TOTAL PACKAGE AS BENCHMARK FOR EACH POSITION.
FIRST PART WILL BE GUARANTEED CASH = BASIC+ BREACK -UP OF ALLOWANCES+ INCENTIVES ETC.
SECOND PART WILL BE COST OF BENEFITS AND PERKS
CALCULATE= TOTAL COST TO COMPANY.
YOU HAVE TO BREACK UP ALLOWANCE ON BASIC FOR EXAMPLE
FOR EXAMPLE:
HRA = 30%
FUEL aLLOWANCE = 15%
CAR ALLOWANCE = 12%
MEAL ALLOWANCE = 20%
MEDICAL ALLOWANCE =20%
ETC.
SHALL BE WELL DEFINED TO CALCULATE FINANCIAL IMPACT AND MEASURE THE BASIC SALARY RANGE SPREAD IN PARTICULAR GRADE....DEPENDING ON THE TOTAL PERCENTAGE DISTRIBUTION ALLOCABLE FOR VARIOUS ALLOWANCE AS SHARE OF SAME PIE.
PLUS YOU HAVE TO CALCULATE SUPERANNUATION
PROVIDDENT FUND,
ESI
MEDICLAIM
ETC...
YOU TAKE HELP OF ACCOUNTANT THAT WILL BE BETTER BECAUSE ON THIS ESSAY WRITING ITS DIFFICULT TO EXHIBITS SOME PRACTICLES ....
FIRST TRY TO UNDERSTAND THE CONCEPT OF TOTAL COMPENSATION THEN BREAK-UP AND SALARY GRADE STRUCTURE.......
BADLU
From Saudi Arabia
FOR EXAMPLE 50% OF 10000 = 5000
65% OF 12000 = 7800
70% OF 15000 = 10500
YOU HAVE TO THINK OF TOTAL PACKAGE AS BENCHMARK FOR EACH POSITION.
FIRST PART WILL BE GUARANTEED CASH = BASIC+ BREACK -UP OF ALLOWANCES+ INCENTIVES ETC.
SECOND PART WILL BE COST OF BENEFITS AND PERKS
CALCULATE= TOTAL COST TO COMPANY.
YOU HAVE TO BREACK UP ALLOWANCE ON BASIC FOR EXAMPLE
FOR EXAMPLE:
HRA = 30%
FUEL aLLOWANCE = 15%
CAR ALLOWANCE = 12%
MEAL ALLOWANCE = 20%
MEDICAL ALLOWANCE =20%
ETC.
SHALL BE WELL DEFINED TO CALCULATE FINANCIAL IMPACT AND MEASURE THE BASIC SALARY RANGE SPREAD IN PARTICULAR GRADE....DEPENDING ON THE TOTAL PERCENTAGE DISTRIBUTION ALLOCABLE FOR VARIOUS ALLOWANCE AS SHARE OF SAME PIE.
PLUS YOU HAVE TO CALCULATE SUPERANNUATION
PROVIDDENT FUND,
ESI
MEDICLAIM
ETC...
YOU TAKE HELP OF ACCOUNTANT THAT WILL BE BETTER BECAUSE ON THIS ESSAY WRITING ITS DIFFICULT TO EXHIBITS SOME PRACTICLES ....
FIRST TRY TO UNDERSTAND THE CONCEPT OF TOTAL COMPENSATION THEN BREAK-UP AND SALARY GRADE STRUCTURE.......
BADLU
From Saudi Arabia
I also interested in with band optimization in my company. I did not seperate as a Job family but i classifyed as hierarchy role than maxımum salary spread wıth mınıum-mıd-maxımum salary range ın each grades.
But i need to find out how can I show entery level and merit systems. For example, can new hire be classify in middle level or upper grade? Or he has to stay at entery level degre no mather he starts entery level or not.
Thanks your help from now
best regards,
From Turkey, Ankara
But i need to find out how can I show entery level and merit systems. For example, can new hire be classify in middle level or upper grade? Or he has to stay at entery level degre no mather he starts entery level or not.
Thanks your help from now
best regards,
From Turkey, Ankara
I also interested in with band optimization in my company. I did not seperate as a Job family but i classifyed as hierarchy role than maxımum salary spread wıth mınıum-mıd-maxımum salary range ın each grades.
But i need to find out how can I show entery level and merit systems. For example, can new hire be classify in middle level or upper grade? Or he has to stay at entery level degre no mather he starts entery level or not.
Thanks your help from now
best regards,
From Turkey, Ankara
But i need to find out how can I show entery level and merit systems. For example, can new hire be classify in middle level or upper grade? Or he has to stay at entery level degre no mather he starts entery level or not.
Thanks your help from now
best regards,
From Turkey, Ankara
plz correct me if i am going wrong:
I have made three levels
1) Executive C1 C2 C3
(1.96-2.40lac p.a) (2.4-2.7lac p.a) (2.70-3.00lac p.a)
2) Manager B1 B2 B3
(2.50-3.50lac p.a) (3.5-4.5lac p.a) (4.5-5.5 lac p.a)
3) GM & Above A1 A2 A3
(4.5-6.5lac p.a) (6.5-8.5lac p.a) (8.5-10lac p.a & above)
plz help me if i am wrong
From India, Delhi
I have made three levels
1) Executive C1 C2 C3
(1.96-2.40lac p.a) (2.4-2.7lac p.a) (2.70-3.00lac p.a)
2) Manager B1 B2 B3
(2.50-3.50lac p.a) (3.5-4.5lac p.a) (4.5-5.5 lac p.a)
3) GM & Above A1 A2 A3
(4.5-6.5lac p.a) (6.5-8.5lac p.a) (8.5-10lac p.a & above)
plz help me if i am wrong
From India, Delhi
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