29 April, 2014

Ragini R

Annual Pay Review -Y2014 and Compensation re-structuring

Dear Ragini R,
The past year has been interesting and challenging for the organisation and your performance has helped us
ride over these challenges effectively.
It gives us great pleasure to inform the successful completion of Year 2013 Performance Review cycle, and with
that, your compensation increment with effect from 1 April, 2014.
To help with our commitment to a fair compensation process, we had engaged Mercer Consulting to conduct
a market survey for all unique job roles within the integrated Pearson organization. Your performance, along
with comparable market data for the role you perform, and overall budgetary allocations helped us take a
decision on your compensation increment.
We are also moving to a standard compensation structure for all Pearson entities in India with this financial
year. Your compensation structure will undergo revision as a result of the same. A notable change to that effect
is that gratuity component will not form part of your fixed salary, if applicable. Company will continue to
provision for your gratuity on top of the new FCTC. This will now be paid in line with the Payment of Gratuity
Act 1972 upon cessation of service post completion of five years.
The breakup of new fixed salary or FCTC (fixed cost to company) will comprise of the elements as shared in
Annexure A (next page). These compensation decisions have been reviewed by your Function Head and the
HR function.
All other terms and conditions of your employment remain unchanged. For any clarifications, please contact
your HR representative.
We remain confident of a sustainable profitable growth for Pearson in India in the coming years and I look
forward to working with you to achieve our collective success in 2014.

Best,

Deepak Mehrotra
Managing Director
Pearson India

ANNEXURE A
NAME:
DESIGNATION:
CAREER STAGE & LEVEL:

Ragini R
Engineer - Software Development
B2.0

EMPLOYEE ID:

1653

FUNCTION:

Technical

Revised compensation effective April 1, 2014

PAY COMPONENTS

2013

PAY COMPONENTS

A. Fixed Pay

2014

A. Fixed Pay

i) Basic

90,000

i) Basic

95,460

ii) HRA

36,000

ii) HRA

47,730

iii) Local Conveyance

9,600

iii) Local Conveyance

9,600

iv) Statutory Bonus

3,500

iv) Statutory Bonus

3,500

v) PF

10,800

v) PF

11,455

Total Fixed

149,900

Total Fixed

167,745

B. Flexi Pay *

145,768

B. Flexi Pay *

145,863

New Fixed salary (new FCTC)

313,608

C. Gratuity

4,332

Earlier Fixed salary (Old FCTC)

300,000

C. Gratuity**

Total

300,000

Total

4,592
318,200

* Flexi Pay consists of Books & Periodicals, Medical, LTA, Mobile / Landline telephone expenses and special
allowance. Any changes to be made can be done on iConnect Payroll module in the month of May 2014
** Gratuity will be provisioned by the company over and above the new FCTC as per statutory requirements.