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

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 s
2

calculation of the same.

If candidate is entitled for vehicle loan/fuel re-imbursement in his/her present employment then refer to co
3

sheet to calculate Finance/maintenance EMI

4

Arrive at the current CTC per annum in salary comparison sheet

5

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.

Only one final approval for all the approvals (Grade, CTC & Increment due) can be taken from the final auth
6

the last column

Once CTC is finalised, enter the Fixed Pay per annum in the CTC break-up sheet to get salary br
7
8

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

9

Enter all salary components in the Salary comparison sheet to show the candidate difference in his curren

ref
Related Sheets Explanation

Salary Comparison Sheet Helps in calculating the worth of current Perquisites and comparing it with

Loan Subsidy Calculation Helps in monetizing the Loan Subsidy

Costing Assumption The costing assumption for vehicle and the fuel
Salary Recommendation Tool The tool which recommends Salary and the Grade to be of
CTC Break-up The Proposed Fixed Pay break up
Table of Benefits Grade wise table of benefits
Education Gradation Reliance Retail Talent Rainbow
Campus Gradation The Gradation of MBA and BE campuses
based on his/her qualification and experience.It is
or salary negotiation .

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

planation

Perquisites and comparing it with the offered CTC

izing the Loan Subsidy

tion for vehicle and the fuel
 Salary and the Grade to be offered
d Fixed Pay break up
e table of benefits
tail Talent Rainbow
MBA and BE campuses
 Grade
Location
Department
Home Page
Enter CTC Offered (in Rs. P.a.)
Enter Fixed Pay offered (in Rs. P.a.)
PLI (in Rs. P.a.) -
Kindly Enter the data in yellow fields only
Salary Data
Current Offered Current Offered
Components Salary in Salary in Components Salary in Salary in
Rs. p.a. Rs. p.a. Rs. p.a. Rs. p.a.
Children Education
Basic -
Allowance
City Compensatory
Dearness Allowance
Allowance
Personal Pay Entertainment Allowance
Basic Salary - - Factory/Shift Allowance
Provident Fund - - Lunch / Meal Allowance
Enter Superannuation Medical Reimbursement
Gratuity - - Telephone Reimbursement
Retirals - - LTA
House Rent Allowance Other Allowances
Cash Allowances/Choice
Housing Lease Amount - -
Pay
House Maintenance Perf Linked Incentive(PLI)
Soft Furnishing Sales Incentive
Hard Furnishing ESOP/RSU Loss
Housing Allowances - - Variable Pay - -
 Loan Subsidy Calculation Formula
Loan Amount 60,000
Tenure in months 36 Home Page
Market Rate pa 12.00%
Employee Rate pa
Interest Subsidy (p.a.) 3,914
Type of Loan Annual Interest Rate

Housing Loan 9.0%

Car Loan 9.5%

Other Loans 12%

Home
FIXED PAY BREAK-UP SHEET

P.M P.A
FIXED PAY ===========>> 66666.67 800,000.00
BASE PAY (40% OF TOTAL CTC) =====>> 26666.67 320000.00
CHOICE PAY (60% OF TOTAL CTC) ====> 40000.00 480000.00

BASE PAY 26666.67 320000.00

BASIC * 22829.10 273949.15
PF 2739.49 32873.90
GRATUITY 1098.08 13176.95

TOTAL CHOICE PAY --------->> 40000.00 480000.00

LESS : COMPULSORY DEBITS 84.00 1008.00
AVAILABLE CHOICE PAY 39916.00 478992.00
CHOICE PAY ELEMENTS
SUPERANNUATION 0.00
OFFICE WEAR ALLOW ANCE 1500.00 18000.00
LTA 0.00
MEDICAL REIMBURSEMENT 1250.00 15000.00
CHILD EDU ALLOWANCE 0.00
CHILDREN HOSTEL ALLOW ANCE 0.00
CONVEYANCE ALLOWANCE 800.00 9600.00
FOOD COUPON 1300.00 15600.00
GIFT COUPON 0.00

FUEL & MAINT REIMB. 0.00

HOUSE RENT ALLOWANCE 0.00
SPECIAL PERSONAL ALLOWANCE 35066.00 420792.00

TOTAL 66582.67 798992.00

COMPULSORY DEBITS

PER. ACC. INSURANCE 41.75 501.00

MEDICLAIM INSURANCE 42.25 507.00
FBT on Gift Coupons (16.83%) 0.00 0.00
FBT on FUEL & MAINTENANCE (6.73%) 0.00 0.00
FBT ON SA(33.66%) 0.00 0.00
HOUSING 0.00 0.00
EMI FOR VEHICLE COST 0.00 0.00
VEHICLE INSURANCE 0.00 0.00
ADDL. DEBIT - VEHICLE EMI (6.73%) 0.00 0.00
TOTAL COMPULSORY DEBITS ** 84.00 1008.00

TOTAL FIXED PAY 66666.67 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. InCOUPONS
FOOD such a case Effective
ARE Rent would
DISTRIBUTED ONEbe MONTH
treated as
INaADVANCE.
mandatory HENCE
debit in your CTC
EMPLOYEES
ARE ELIGIBLE TO GET FROM THE NEXT MONTH OF THEIR JOINING. FOR THE FIRST
MONTH THE AMOUNT GETS PAID UNDER SPA
GIFT VOUCHERS ARE NORMALLY DISTRIBUTED IN OCT & MARCH. SINCE IT IS A
LUMPSUM AMOUNT THE PROPORTIONATE AMOUNT GETS RECOVERED FROM SPA.
C5: Enter the Annual Fixed Pay offered

C35: COVERAGE FOR SELF ONLY

C36: COVERAGE FOR SELF, SPOUSE, CHILDREN & DEP.PARENTS - Debit wl be on actual No. of coverages . Here only yours.

C37: Debit will be given, if you choose the option

C38:
Debit will be given, if you choose the option

C39:
Debit will be given, if you choose the option