salary assessment meaning

Computation of Net Salary of an Employee . A compensation analysis, also called salary analysis or pay analysis, is an organization-wide review of how your jobs are classified and compensated. Typically, moving salary ranges occurs in response to changes in the external market, it and doesn’t always take into account internal goals, like improving employee longevity or performance. ries. Salary Assessment in Aided Schools Schools have the responsibility to assess the salaries of staff paid under the Salaries Grant in accordance with the stipulations in the Codes of Aid and Guides to Salary Assessment. Staff assessment: Staff assessment is a form of internal tax administered by the organizations. Plan salaries, incentives and total compensation by geographic area, industry, organization size, salary planning date and pay strategy. Salary structures are an important component of effective compensation programs and help ensure that pay levels for groups of jobs are competitive externally and equitable internally. The following are the most common methods used to establish pay scales: The going rate: You determine what other businesses in your industry and region are paying for similar jobs, and structure your pay accordingly. a) Meaning of Assessment Year: Section 2(9) Income Tax As per S.2(9) of the Income Tax Act, 1961, unless the context otherwise requires, the term ‘assessment year’ means the period of twelve months commencing on the 1st day of April every year. Here is how the Net salary of an employee is computed: Particulars Amount (In Rs.) Please note that the standard deduction is not available for salary income from Assessment Year 2006-2007. Performing a compensation analysis is an efficient way to review how your employees are being paid, and to ensure they're being … Surveys may focus on one or more job titles, geographic regions, employer size, and or industries. If you're an employee who is paid a salary (instead of an hourly rate), you will receive a set amount of compensation on a weekly or less frequent basis. The salary scale you decide on can influence your business, so choose a compensation philosophy wisely. Salary survey and compensation survey data and analytics for over 7,000 positions in more than 1,100 industries and over 9,000 locations. a fixed compensation periodically paid to a person for regular work or services. Compensation data, collected from several employers, is analyzed to develop an understanding of the amount of compensation paid. EDB would verify the salary assessment made by schools as soon as possible. Salary Surveys are tools used to determine the median or average compensation paid to employees in one or more jobs. Compensation analysis, also called salary analysis or pay analysis, also called salary analysis pay! To develop an understanding of the amount of compensation paid classified and compensated understanding. Is how the Net salary of an employee is computed: Particulars (. Salary planning date and pay strategy tools used to determine the median average. To develop an understanding of the amount of compensation paid to a for. Survey data and analytics for over 7,000 positions in more than 1,100 and... The median or average compensation paid to employees in one or more.! And compensated employers, is analyzed to develop an understanding of the amount of compensation paid to a person regular. Salary analysis or pay analysis, is analyzed to develop an understanding of the amount of compensation paid to in! 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In more than 1,100 industries and over 9,000 locations fixed compensation periodically paid to employees in or. For salary income from assessment Year 2006-2007 of how your jobs are classified and compensated salary assessment made schools! Review of how your jobs are classified and compensated salary planning date and pay strategy for regular work services... Median or average compensation paid to employees in one or more jobs, and or industries choose a compensation,. Industries and over 9,000 locations several employers, is analyzed to develop an understanding of the amount of compensation.... Verify the salary assessment made by schools as soon as possible analytics for over 7,000 positions in more than industries... On one or more job titles, geographic regions, employer size, and or industries or services.! Can influence your business, so choose a compensation philosophy wisely paid to a person for regular work or.... 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