SENIOR ENGINEER

Cost of Employment Your Company A

A Cash Components:
i. Monthly Salary
Basic Salary 62,500
House Rent Allowance 25,000
COLA 5,000
Utilities Allowance 7,500
Gross Salary 100,000
ii. Cash Benefits
LFA 15,625
Bonus 13,542
Loans & Advances 10,770
Sub-Total 39,937
B Non-Cash Components: Monetized Values
i. Reimbursements
Medical Insurance 1,250
Mobile Set + Subs 3,000
Flexi Hours 5,000
Executive Chair 2,604
Others
Sub-Total 11,854
ii. Other Benefits
Company Provided Car 21,250
Fuel 30,000
Parking Space 3,000
Club Subcription 11,905
25 day Annual Leave 4,281
Leave Encashment 7,813
Paternity Leave for father 1,202
Food 10,500
Sub-Total 89,950
iii. Terminal Benefits
Provident Fund 10,000
Gratuity 5,208
Group Life Insurance Premium 7,200
Sub-Total 22,408

Monthly Cash Compensation 139,937

Monthly Non Cash Compensation 124,213
Monthly Employment Cost 264,149
Annual Employment Cost 3,169,790
Ratio : Cash to Employment Cost 0.53
Ratio : Benefits to Employment Cost 0.47

GROSS PAY 100,000

TAX 15,000
PF 10,000 have to give to e
NET PAY AFTER TAX AND PF 75,000 pf are of two type

LOAN: P PLUS INTEREST=ANNUITY 18180 6060at 4%

AMOUNT TRANSFERRED TO BANK IN A TYPICAL MONTH 56,820
XMAS ONE GROSS 156,820
TRANSF AT XMAS

EID ONE BASIX 119,320

TRANSF AT EID TIME

THRU SALARY SURVEYS

187,500 per yr annuity= principle+interest
162,500 per yr loan 3,000,000
interest company bearing principle 240

annuity $18,179.41
principle 12,500
15000medical is per yr interest $5,679.41

$21,250.00 for car company bear interest and principle and for loan employee does this

$11,904.76
4280.82191780822

per month

10% of gross pay (its monthly so don’t divide by 12 but yearly would be divided by 12), company participating
divide by 12 b/c have to calc for per month
Rs. 3/1000 of 24 GP = pm cost this is very less b/c people don’t die

Review - Cash/Total Compensation Ratio. Comment.

Review - Cash/Total Compensation Ratio. Comment.

$18,179.41