PPT Final Presentation

8/4/2019 PPT Final Presentation

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salary structure of the company

salary componentsFringe benefits

perquisites

profit sharing bonus, incentive scheme,

intro of the company

what is company doing

what is the structure of HR department

compensation policy of the company


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INTRODUCTION

VANEERA Hi-Tech

Vaneera Hi-Tech is 100% Export Oriented Unit (EOU). Vaneera Hi-Tech

is also registered under STPI (Software Technology Parks of India) for

Software Export.

Vaneera is at the forefront of innovation in Pharmaceutical Software,

providing end-to-end solutions to many leading Pharmaceutical companies

for all kinds of R & D activities, right from Research and Development of a

product, to its sales. Companys expert team provides cost effective

software solutions based on cutting edge technology.

Mr. Vasudeo Mahajan, the CEO of Vaneera Hi-Tech, is a Domain Expert.


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Vaneera Hi-Tech involves in providing total solutions to the Pharmaceutical

industry, with a focus primarily on the Research & Development, andClinical Trial Management System.

With a modular, flexible system and cutting edge technology, Vaneera Hi-

Tech is able to provide solutions for a dynamic environment where

business and technology strategies are in tandem.

Vaneera Hi-Tech is in a position to handle the various requirements of a

pharma company right from Clinical Trials, Sales and Marketing,

Production to the most complex R&D work.


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SERVICES

Vaneera provides complete software solutions and consulting services

including management consultancy to a wide variety of customers which

includes banks, telecom sector, electricity board, pharmaceutical

companies, travel agencies.

Some other services are :-

IT Consulting and Services.

Application Development and Maintenance.

Design & implementation of MIS and decision support system.

Financial Control and Accounting System.

Production Management and Inventory Control.

Project feasibility studies and project monitoring systems .

Application Re-Engineering.


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Salary Structure of Company

Grade Designation Basic Pay StructureM-1 Officer 2000-125-2125-125-2250-125-2375-125-2500-125-2625-125-2750-

125-2875- - -M-2 Sr. Officer 3000-175-3175-175-3350-175-3525-175-3700-175-3875-175-4050-

175-4225- - -

M-3 Executive 4000-225-4225-225-4450-225-4675-225-4900-225-5125-225-5350-

225-5575- - -

M-4 Asst. Manager5000-275-5550-275-5825-275-6100-275-6375-275-6650-275-6925-

275- - -

M-5 Dy. Manager 6000-325-6325-6650-325-6975-325-7300-325-7625-325-7950-325- - -

M-6 Manager 9000-375-9375-375-9750-375-10125-375-10500-375-10875-375-

11250- - -

M-7 Sr. Manager 11275-425-11700-425-12125-425-12550-425-12975-425-13400- - -

M-8 Dy. General Manager 15000-500-15500-500-16000-500-16500-500-17000-500-17500- - -

M-9 General Manager 17000-600-17600-600-18200-600-18800-600-19400-600-20000-600-

- -

M-10 Sr. General Manager 24000-700-24700-700-25400-700-26100-700-26800-700-27500- - -


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SALARY COMPONENTS

BASIC SALARY

HOUSE RENT ALLOWANCE

CONVEYANCE ALLOWANCE

EDUCATION ALLOWANCE

LEAVE TRAVEL ASSISTANCE TELEPHONE ALLOWANCE

SOFT FURNISHING ALLOWANCE

DRIVER ALLOWANCE

PETROL ALLOWANCE

MEDICAL ALLOWANCE

BOOKS & PERIODICALS ALLOWANCE

EX-GRATIA


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FRINGE BENEFITS / PERQUISITES /

PERKS

HOUSE RENT ALLOWANCE

GROUP INSURANCE

PROVIDENT FUND

PENSION

SICK LEAVE

VACATION (paid and non-paid)

PROFIT SHARING

FUNDING OF EDUCATION


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PROFIT SHARING BONUS, INCENTIVE

SCHEME

VARIABLE ALLOWANCE:

Based on the quarterly performance of the company.


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STRUCTURE OF HR DEPARTMENT


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COMPENSATION POLICY

HOUSE RENT ALLOWANCE:

Management Staff not provided with any type of Company Accommodation i.e

either company owned or leased, will be paid House Rent Allowance at 40% of

Basic Salary.

CONVEYANCE ALLOWANCE:

Management staff not provided with Company Car will be paid conveyance

allowance as follows:

Grades Allowance (Rs. per month)

M-1 to M-4 500

M-5 800

M-6 1500

M-7 2000

M-8 2500

M-9 to M-10 3000


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LEAVE TRAVEL ASSISTANCE:

Eligibility: Management staff will be entitled to LTA on completion of one year

of service subject to confirmation of services. However, pro-rata LTA will be

paid at the time of F&F even if 1 year is not completed.

LTA will be calculated on a calendar year basis (i.e. January to December every

year.) and on pro-rata basis for the part of the year.

Quantum Of LTA: The LTA will be paid at the rate of one months Basic salary

per year.

For claiming LTA with Tax Deduction at Source: No leave will be required for

claiming LTA with tax deduction. An application to be made to HR

Department for claiming LTA in the prescribed format.

For claiming LTA to avail Income Tax Exemption :A minimum of six days

Leave should be availed for claiming LTA.LTA should be claimed in the

prescribed form. Approval of Leave must be attached at the time of claiming

LTA.Any two journeys (LTA) can be claimed for tax exemption in a block of

four years beginning from January 2002. LTA for self and family is admissible

for tax exemption.


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Definition Of A Family: The spouse and children of an individual; and The

parents, brothers and sisters of an individual or any of them, wholly or mainly

dependent on the individual.

Quantum Of Exemption Under The IT Act: The amount of LTA for self and

family permissible under the Income Tax Act for exemption is as follows: For journeys performed by Air: Economy fare of Indian Airlines by the shortest

route to the place of destination.

For journeys performed by Rail: Airconditioned first class rail fare by the

shortest route to the place of destination.

For journeys performed by Road: The amount equivalent to Airconditioned

first class rail fare, for the distance of journey by the shortest route, as if the

journey had been performed by rail.

Documents Required For Claiming Exemption

Mode of travel DocumentsRail Photocopies of railway ticketsAir Original Jacket of used tickets

Road By own vehicle: Petrol billsBy hired car:

Bill of the Operator Proof indicating the places

visited


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Advance For LTA: An advance for LTA can be availed for booking tickets by

making an application to HR Dept together with a copy of the approved leave

application. The advance will be paid up to 70% of entitlement. The balance

amount shall be paid on production of travel tickets within seven days of

completion of the journey, failing which the advance will be recovered from

the salary.

Accumulation Of LTA: Accumulation of unavailed LTA is allowed upto two

years within the block of four years specified under the Income Tax Rules.

However, the fourth years LTA cannot be carried forward to the next block for

accumulation purposes. The current block is for the period of calendar year2002-2005.

EDUCATION ALLOWANCE:

Management Staff will be entitled to Education Allowance as follows:


M-1 to M-10 Rs.200/-


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TELEPHONE ALLOWANCE

Telephone Allowance will be paid as under:

SOFT FURNISHING ALLOWANCE

Soft Furnishing Allowance will be paid as under:

Grades Allowance (Rs. per month)M-1 200

M-2 300

M-3 400M-4 500

M-5 600

M-6 800

M-7 1000

M-8 1200

M-9 to M-10 1500


M-1 to M-2 200

M-3 400

M-4 to M-5 600

M-6 to M-7 800

M-8 to M-10 1000


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BOOKS & PERIODICALS ALLOWANCE: Books & Periodicals Allowance will be paid as under:

DRIVER ALLOWANCE: Driver Allowance will be paid as under:

PETROL ALLOWANCE: Petrol Allowance will be paid as under:

EX-GRATIA: Management staff will be paid Ex-Gratia @ 8.33% of Basic Salary per month.


M-1 to M-4 nil

M-5 200

M-6 400M-7 600

M-8 800

M-9 to M-10 1000


M-1 to M-7 nil

M-8 1500

M-9 to M-10 2000


M-1 to M-7 nilM-8 2500

M-9 to M-10 3000


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