25 January 2011
First year 5200+allowances, after that yearly increment is Rs. 2800/-, When the salary will reach Rs. 20200, no increment will be added
Pay band is sometimes used in salaried organizations to define the level of compensation given for certain jobs.
Pay Bands (sometimes also used as a broader term that encompasses several pay levels, ranges or grades) is a part of an organized salary compensation plan, program or system. In an organization that has defined jobs, pay bands are used to distinguish the level of compensation given to certain ranges of jobs. For example, entry level positions at a landscaping company might include truck drivers and laborers. Those jobs and those of similar levels of responsibility might all be included in a named or numbered pay band that prescribed a range of pay.
Organizing pay structures in a pay band manner allows for overall control at the management level of an organization, while still giving some discretion for supervisors to reward good performance, and keeping within a reasonable compensation budget structure.
IF Basic Pay 5910 + Grade Pay 2800 + D.A. (Dearness Allowance) + H.R.A. (House Rent Allowance) + Travelling Allowance as per Area + Washing Allowance + Other Allowance (if any). Next increment willbe inthe slot of 2800 20200 is the last basic
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