| Downloads | ||||||
|
||||||
HOW TO CALCULATE YOUR COMPENSATION (COST TO THE COMPANY)?
Total compensation includes the value of all the perks and benefits one gets from the Company in addition to ones salary. Calculating Annual Cost to the Company is important while changing jobs as it more often than not determines what your compensation will be in the new Company. At the same time all the components are not always apparent. In order to arrive at a comprehensive figure one has to carefully add the value of all components or their cash equivalent. Given below is a format which may be downloaded and filled up to arrive at the Annual Cost to the Company.
| COMPONENTS | APPLICABILITY | AMOUNT | |
1. |
SALARY DETAILS: |
||
Basic Salary |
Yes/No |
||
House Rent Allowance |
Yes/No |
||
Company Leased Accomodation |
Yes/No |
||
Daily Allowance |
Yes/No |
||
City Compensatory Allowance |
Yes/No |
||
Special Allowance |
Yes/No |
||
Conveyance Allowance |
Yes/No |
||
Lunch Allowance |
Yes/No |
||
Entertainment Allowance |
Yes/No |
||
Books/Periodicals Allowance |
Yes/No |
||
Education Allowance |
Yes/No |
||
House Maintenance Allowance |
Yes/No |
||
Furnishing Allowance |
Yes/No |
||
Dress/Uniform Allowance |
Yes/No |
||
Other Allowances |
Yes/No |
||
2. |
BENEFITS/ PERKS/ REIMBURSEMENTS |
||
Value of Company Car |
Yes/No |
||
Car Subsidy(or equivalent tax savings) |
Yes/No |
||
Drivers Salary |
Yes/No |
||
Maintenance and Petrol Expenses |
Yes/No |
||
Leave Travel Allowance |
Yes/No |
||
Canteen Subsidy |
Yes/No |
||
Telephone Expenses |
Yes/No |
||
Mobile Phone |
Yes/No |
||
Club Membership |
Yes/No |
||
Electricity/Gas |
Yes/No |
||
Servant/Gardener |
Yes/No |
||
Credit Cards |
Yes/No |
||
Furnishings/Durables |
Yes/No |
||
Holiday Facilities |
Yes/No |
||
Medical Reimbursements |
Yes/No |
||
Medical Insurance |
Yes/No |
||
Personal Accident Scheme |
Yes/No |
||
Others Benefits |
Yes/No |
||
3. |
RETIRALS |
||
Provident Fund |
Yes/No |
||
Superannuation Fund |
Yes/No |
||
Gratuity |
Yes/No |
||
4. |
BONUS |
||
Fixed Bonus |
Yes/No |
||
Productivity Linked Variable Bonus(*) |
Yes/No |
||
Any Other Performance Oriented Incentive including Stock Option Plan(*) |
Yes/No |
||
5. |
SOFT LOANS |
||
Interest Subsidy |
Yes/No |
||
GROSS COMPENSATION |
(*) Please take the average value of the amounts received by you in the present grade, to reach at a fair estimate.