Maersk HR Executive Interview Questions, Process, and Tips

CTC is designed for employees based on their role, experience, market standards, and company budget.

• CTC includes salary, bonuses, benefits, and allowances.

• It is designed to attract and retain talent.

• Factors like industry, location, and competition are considered.

• CTC may vary for different levels of employees within the same company.

• Negotiation skills and market demand also play a role in CTC design.

Performance management involves setting goals, monitoring progress, providing feedback, and evaluating results to improve employee performance.

• Setting clear and specific goals for employees to achieve

• Regularly monitoring progress towards those goals

• Providing feedback and coaching to help employees improve

• Conducting performance evaluations to assess results and identify areas for development

• Using performance data to mak...read more

KPI stands for Key Performance Indicator in HR, which are measurable values that demonstrate how effectively an organization is achieving its key business objectives.

• KPIs help HR professionals track and measure progress towards specific goals and objectives

• They provide insight into the performance of HR initiatives and strategies

• Examples of HR KPIs include employee turnover rate, time to fill vacancies, training hours

Minimum Wages Act is a legislation that sets the minimum wage that must be paid to workers in various industries.

• The Minimum Wages Act aims to prevent exploitation of labor by ensuring fair wages.

• It provides for fixing minimum rates of wages in certain employments.

• Employers are required to pay at least the minimum wage set by the Act to their employees.

• The Act also covers issues such as working hours, overtime pay, and...read more

Components of a salary slip include basic salary, allowances, deductions, bonuses, and net salary.

• Basic salary

• Allowances (such as housing allowance, transport allowance)

• Deductions (such as tax, insurance premiums)

• Bonuses (such as performance bonus)

• Net salary (total amount received after deductions)