Guidelines

This tool recommends the offer salary and Grade for the prospective candidate based on his/her qualification an designed to provide the recruiter a ready reckoner for salary negotiation .

Steps to be followed

1 2

Capture the current salary data of the candidate in the Salary Comparison sheet component-w If candidate is entitled for different type of loan subsidies in his/her present employment, then refer Loan calculation of the same.

3
4 5

If candidate is entitled for vehicle loan/fuel re-imbursement in his/her present employment then refer to co sheet to calculate Finance/maintenance EMI Arrive at the current CTC per annum in salary comparison sheet

Enter Current CTC , Qualification & Experience details to arrive at the grade & salary to be off

If " No Approval - Proceed " message appears in the Approval authority column, then offer recommended G otherwise take the approval from the authority shown in next column.

If increment is due for the candidate in his current organisation then enter the % hike due and take necessa shown in next column If recommended grade shows "NA" then this tool is not applicable for such a profile.

6 7 8 9

Only one final approval for all the approvals (Grade, CTC & Increment due) can be taken from the final auth the last column

Once CTC is finalised, enter the Fixed Pay per annum in the CTC break-up sheet to get salary br

Refer Table of benefits sheets to know different grade wise entitlements.

Enter all salary components in the Salary comparison sheet to show the candidate difference in his curren ref Related Sheets Salary Comparison Sheet Loan Subsidy Calculation Costing Assumption Salary Recommendation Tool

Explanation

Helps in calculating the worth of current Perquisites and comparing it with Helps in monetizing the Loan Subsidy The costing assumption for vehicle and the fuel

The tool which recommends Salary and the Grade to be of

CTC Break-up Table of Benefits Education Gradation Campus Gradation

The Proposed Fixed Pay break up Grade wise table of benefits Reliance Retail Talent Rainbow The Gradation of MBA and BE campuses

based on his/her qualification and experience.It is or salary negotiation .

ed

omparison sheet component-wise. employment, then refer Loan subsidy sheet for

nt employment then refer to costing assumption nce EMI

comparison sheet

at the grade & salary to be offered

mn, then offer recommended Grade and Salary

e % hike due and take necessary approval as profile.

an be taken from the final authority mentioned in

break-up sheet to get salary break-up.

ade wise entitlements.

didate difference in his current and offered CTC

xplanation

Perquisites and comparing it with the offered CTC

izing the Loan Subsidy

ption for vehicle and the fuel

s Salary and the Grade to be offered

d Fixed Pay break up

e table of benefits MBA and BE campuses

etail Talent Rainbow

Grade Location Department Enter CTC Offered (in Rs. P.a.) Enter Fixed Pay offered (in Rs. P.a.) PLI (in Rs. P.a.)

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Kindly Enter the data in yellow fields only

Salary Data
Components Basic Dearness Allowance Personal Pay Basic Salary Provident Fund Enter Superannuation Gratuity Retirals House Rent Allowance Housing Lease Amount House Maintenance Soft Furnishing Hard Furnishing Housing Allowances Current Salary in Rs. p.a. Offered Salary in Rs. p.a. Components Children Education Allowance City Compensatory Allowance Entertainment Allowance Factory/Shift Allowance Lunch / Meal Allowance Medical Reimbursement Telephone Reimbursement LTA Other Allowances Cash Allowances/Choice Pay Perf Linked Incentive(PLI) Sales Incentive ESOP/RSU Loss Variable Pay Current Salary in Rs. p.a. Offered Salary in Rs. p.a.

Loan Subsidy Calculation Formula Loan Amount 60,000 Tenure in months 36 Market Rate pa 12.00% Employee Rate pa Interest Subsidy (p.a.) 3,914

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Type of Loan Housing Loan Car Loan Other Loans

Annual Interest Rate 9.0% 9.5% 12%

FIXED PAY BREAK-UP SHEET

P.M 66666.67 26666.67 40000.00 26666.67 22829.10 2739.49 1098.08 40000.00 84.00 39916.00 0.00 1500.00 0.00 1250.00 0.00 0.00 800.00 1300.00 0.00 0.00 0.00 35066.00 66582.67 P.A 800,000.00 320000.00 480000.00 320000.00 273949.15 32873.90 13176.95 480000.00 1008.00 478992.00

FIXED PAY ===========>> BASE PAY (40% OF TOTAL CTC) =====>> CHOICE PAY (60% OF TOTAL CTC) ====> BASE PAY BASIC * PF GRATUITY TOTAL CHOICE PAY --------->> LESS : COMPULSORY DEBITS AVAILABLE CHOICE PAY CHOICE PAY ELEMENTS SUPERANNUATION OFFICE WEAR ALLOW ANCE LTA MEDICAL REIMBURSEMENT CHILD EDU ALLOWANCE CHILDREN HOSTEL ALLOW ANCE CONVEYANCE ALLOWANCE FOOD COUPON GIFT COUPON FUEL & MAINT REIMB. HOUSE RENT ALLOWANCE SPECIAL PERSONAL ALLOWANCE TOTAL COMPULSORY DEBITS PER. ACC. INSURANCE MEDICLAIM INSURANCE FBT on Gift Coupons (16.83%) FBT on FUEL & MAINTENANCE (6.73%) FBT ON SA(33.66%) HOUSING EMI FOR VEHICLE COST VEHICLE INSURANCE ADDL. DEBIT - VEHICLE EMI (6.73%) TOTAL COMPULSORY DEBITS ** TOTAL FIXED PAY

18000.00 15000.00

9600.00 15600.00

420792.00 798992.00

41.75 42.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 84.00 66666.67

501.00 507.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1008.00 800000.00

PLI

250000.00 1050000.00

NOTE : 1. CONVEYANCE AND FUEL & MAINTENANCE : You can choose only one option between conveyance and Fuel & maintenance. 2 COC / CAR LEASE : In case you have availed these facilities , Vehicle Insurance & EMI for Vehicle Cost would be treated as Mandatory debits in your CTC. Car lease option not available for oc & below For Own Two wheelers they can claim but have to provi 3. HRA AND MANDATORY HOSUING DEBIT : You cannot claim HRA if occupying CLA / COA. In such a case Effective Rent would be treated as a mandatory debit in your CTC FOOD COUPONS ARE DISTRIBUTED ONE MONTH IN ADVANCE. HENCE EMPLOYEES ARE ELIGIBLE TO GET FROM THE NEXT MONTH OF THEIR JOINING. FOR THE FIRST GIFT VOUCHERS ARE NORMALLY DISTRIBUTED IN OCT & MARCH. SINCE IT IS A LUMPSUM AMOUNT THE PROPORTIONATE AMOUNT GETS RECOVERED FROM SPA.