ATTRACTIVE AND ECONOMICAL WAGE STRUCTURE BOOTCAMP
Speaker(s): Bir Raja Sangvi
₹ 499
About live session
IS YOUR WAGE/SALARY STRUCTURE ALIGNED WITH ADVANCED WAGE/SALARY PRACTICES?
If not, you are attracting five times more liability to your organization.
It's time to realign your wage and salary structure with advanced and law-guided practices today and prepare your organization for tomorrow!
Considering the relevant time factor for revision of wage structure with the financial year, the People Manager Academy has arranged a 3-hour live practical bootcamp on 'Attractive and Economic Wage Structure' by PAN India's known expert faculty.
HOW DO YOU CREATE AN ATTRACTIVE AND ECONOMICAL WAGE STRUCTURE TO LIMIT YOUR STATUTORY LIABILITY AND RISKS?
Wages and salaries are the key factors in smoothing associate relations in organizations and keeping employees motivated.
As the new financial year begins, one may like it or not, but irrespective of any profit in an establishment, it has become a traditional
practice in the employer-employee relationship that the employees are given annual increments.
Also, in the United States, even the minimum wage is revised at the beginning of a new financial year. Since the new financial year has begun, it is an appropriate time to adjust the establishment's wage structure, which should be attractive and economical.
For instance, House Rent Allowance (HRA) is part of wages but is excluded by the definition of basic wages.
BOOTCAMP DETAILS
HOW TO DESIGN AN ATTRACTIVE & ECONOMICAL WAGE STRUCTURE TO MINIMIZE YOUR STATUTORY LIABILITY AND RISKS
Boot-Camp Date: Sunday
Duration: 3 hours
Time: 15:00 to 18:00 p.m.
Venue: Zoom Live
Fees: INR 1599/- per participant; Special offer INR 499/- till midnight today.
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In association with SBR Learning Studio, IAIHR, | PEOPLE MANAGER
COVERING:
- Law-Based Wage Structure- Defined under EPF, MN Wages, Income Tax, etc.
- Important Judgments that define wage structure
- Wage structure for Minimum wagers, Executives, Staff & International Workers
- Salary Components limits and base to include in the wage structure
- Additional components to lower statutory liabilities
Why should your wage and salary structure be attractive and economical?
Unfair wages and benefits practices are the top factor contributing to industrial distress in the organization.
Your attractive and economical wage structure assures the stability and motivation of the employees.
The attractive and economical wage structure finds patterns and trends leading to budget optimization and increased efficiencies.
How can an attractive and economical wage structure help you achieve better hiring outcomes, reduce attrition, create a device policy, and make smarter decisions?
Would you like to know how attractive and economical your salary structure is? OR.
Are you someone who wants to change their career trajectory and shift towards the most prestigious, highest-paid, and most in-demand HR skill of 2023—IR?
This boot camp is for YOU!
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By the end of the bootcamp, you’ll be able to:
- Identify the gaps in your current wage structure.
- Prepare for the important changes to your company's wage structure aligned with court judgments.
- Have a cutting edge in your organization with better insights into associate relations and employee motivation.
- Propose a solution to unwanted statutory liability in your organization by using an attractive and economical wage structure formula.
- Understand how to utilize statutory prescriptions to make better wage decisions.
What Will You Learn in the Attractive and Economical Wage Structure Bootcamp?
Use court judgment for a better wage structure.
*Solving real statutory challenges using an attractive and economical wage structure
*Making your wage structure more aligned and predictable leads to zero liability.
*Prescribe a statutory liability solution based on an aligned wage structure.
Special Bonus Worth INR 3000/-
Ideal wage components
Wage Calculation Worksheet
Four types of wage structure
Exciting Bonus Revealed In The Masterclass
Participation Certificate
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What you'll learn
Design an ideal wage structure based on the court judgments.
Main Components of the Ideal Wage Structure: Basic-Gross-CTC
How to Restructure Wage/Salary Structure Without Statutory Liability
Eight Principles of Salary Structure Design Based on Court Judgment
Design an ideal wage structure for different employee categories.
Get expert advice to design four types of wage structures.
Calculation Sheet for Decision-Making and Participation Certificate
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Included lessons
FinishedSpeaker(s):
Bir Raja Sangvi
Vir Raja is a Seasonal HR professional wotked for Global MNCs around 2 Decades.
He Promote SBR Learning Academy as Voluteer's.
At Present He is working for a Japanese Corporation Global Company as HR Lead.