and many other components, ex HRA, are calculated based on this amount. It usually depends on one’s grade within the company’s salary structure. It is afixedpart of one’s compensation structure. Many allowances and deductions are described in terms of percentage of the...
Total rewards include everything an employer offers employees, such as salary, PTO, and other benefits—an approach that factors in the various elements contributing to job satisfaction and engagement. PTO is typically a fundamental component of total rewards. In-kind benefits In addition to PTO, ...
Why is it important to look at both the manager and the employee point of view when engaging in human resource planning, and how can this information be used as a source of strategy? What is the major way in which the roles and obligations...
The Calculation of gratuity in India formula is based on salary and number of years of service. For salaried employees, the law states that one should get a gratuity equal to 15 days of monthly salary for every completed year of service. The formula to get the amount is – Salary * Tenur...
And the average base salary paid to survey respondents climbed 16 percent from $59,731 to $69,031. Changes at the top end of the scale were among the most interesting, with chief executives in particular scoring healthy percentage increases. The increase in the value of the average total ...
Where not mandated by law, offering substantial retirement benefits can be a powerful tool to attract and retain top talent. These plans often involve employer contributions, sometimes matching a percentage of the employee's own contributions. The specific structure and tax implications of retirement ...
Self-employment (SE) is a growing precarious work arrangement internationally. In the current digital age, SE appears in configurations and contours that differ from the labor market of 50 years ago and is part of a ‘paradigm shift’ from manufacturing/managerial capitalism to entrepreneurial capita...