Post
Salary Discussions, Hike & Promotions
1w
herbalalmond
·
currently not working
Seeking Guidance:
1. Are there any industry-standard salary ranges for specific positions in India, particularly in the telecommunications sector?
2. Who typically has authority in determining salary ranges?
Role of HR consultants
Internal HR department's involvement
Finance/Accounts department's input
Management/ownership's role
3. What are the current penalty rates and shift allowances applicable in India for:
Night shifts
Weekend shifts
Holiday coverage
Overtime hours
4. Is there a standardized hourly rate calculation method for Indian employees?
5.How do you determine salary structures when converting a standard 9-6 position into a 24/7 shift-based role?
For example: If a Network Engineer's standard 9-6 salary is 4 lakhs annually, how should this be adjusted for rotating shifts?
What are the best practices for documenting shift requirements and compensation in employment agreements?
a deputy manager
1w
Can you please clarify why you need this information on industry standard salary, shift allowances and penalty rates in telecom sector?
Are you preparing a salary structure for your organization or conducting market research?
a data analyst
1w
Salary structure in telecom is tricky!
a product manager
1w
Hourly Rate = (Annual Salary ÷ 12 months) ÷ (Number of working hours per month)
For instance, if an employee earns ₹6,00,000 per year and works 40 hours per week (approx. 160 hours per month):
Hourly Rate = (₹6,00,000 ÷ 12) ÷ 160 = ₹3,125 per hour
This basic formula provides a foundation, but it’s adjusted for variables like overtime and shift-based work.
majnubhai
1w
works at
Night shift allowances vary by company policy and region, but typically range from 10%-25% of the basic salary, depending on the role and the company.
tiddey
1w
An Analyst
HR consultants help to benchmark salaries based on industry data, competitor salaries, and market trends. They conduct salary surveys and provide external insights into competitive pay. HR consultants may also help with recommending pay structures and suggesting compensation packages.
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