COMPENSATION & BENEFIT
? Why my employees always complain of maximum tax deductions as compared to others?
? Why I am not able to hire/retain talent despite giving higher CTC?
? Majority of my employees do not know (and value) the perquisites and other expenditure that I am incurring on them
? My HR team at different location have different understanding & methodology to decode C&B and as a result it is a night mare to move employees across
? New joinees invariable complain on lack of understanding of various components in salary structure and thus start on a note of mistrust
These and many more such water cooler statements are heard and become part of the culture and grapevine.
Mr. Grovar believes in continuous improvement on this vital hygiene issue that often plagues the performance of some of the top performers.
Some of the steps include
•Understanding the current C&B policies and structure
•Benchmarking and preparing comparators
•Analysis and suggestion to decide on the percentile level depending upon Industry and attrition / satisfaction level
•Suggestions to reduce taxability subject to the existing IT norms
•Preparation of Employee Hand book on C&B
•FAQs for the new joinees/candidates to be offered
•Suggestions to amend offer letter to make a clear (non controversial) communication
COMPENSATION & BENEFIT
? Why my employees always complain of maximum tax deductions as compared to others?
? Why I am not able to hire/retain talent despite giving higher CTC?
? Majority of my employees do not know (and value) the perquisites and other expenditure that I am incurring on them
? My HR team at different location have different understanding & methodology to decode C&B and as a result it is a night mare to move employees across
? New joinees invariable complain on lack of understanding of various components in salary structure and thus start on a note of mistrust
These and many more such water cooler statements are heard and become part of the culture and grapevine.
Mr. Grovar believes in continuous improvement on this vital hygiene issue that often plagues the performance of some of the top performers.
Some of the steps include
•Understanding the current C&B policies and structure
•Benchmarking and preparing comparators
•Analysis and suggestion to decide on the percentile level depending upon Industry and attrition / satisfaction level
•Suggestions to reduce taxability subject to the existing IT norms
•Preparation of Employee Hand book on C&B
•FAQs for the new joinees/candidates to be offered
•Suggestions to amend offer letter to make a clear (non controversial) communication
