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The main components of ones' package are
Basic salary:which decided upon ones' educational quaification.hence this part can be justified with what the industry standards to that degree.
Maintenance allowance and HRA: this is to keep your lifestyle and living standard upto the mark of the company since you are its ambassador.
Conveyance allowance: will take care of your movements so that you can reach with the best of you for all the meetings.
Medical allowance is ofcourse to keep the best of the health so that you dont have to take SL.
PF is to fulfill legal norms.
Insurances,gratuity etc. are to make you feel secure so that you can concentrate on work rathe than thinking of you children's future.
Bonus and other incentives are the loyalty charges to keep you motivated and with the company. and their are few other allowances which are given to increase your CTC more than others if you are experienced hence that goes to the experiuence account.
What else can I help you with?
What are the components of cost sheet?
There are three components of a cost sheet. These components are the prime cost, the factory cost, and the total cost.
How do you calculate salary slips on a cost-to-company basis?
== == Cost to company in brief means all the cost which the company incurrs for maintaining the employee. This generally includes not just the salary which the employee draws at the end of the month but also includes all the other components like 1. Employer contribution to PF 2. Employer contribution for insurance / pension schemes 3. meal subsidies 4. travel subsidies etc. This may not neccessarily form part of the salary slip, but are taken into consideration for computing cost to company
What is the difference between traditional based costing and target costing?
Traditional Cost Accounting System: In this system company first produce the product and then determine the cost of production and then try to sell that product at price covering that cost plus certain percentage of markup on cost.Target Costing: In this system first of all company determines the value of product in the eyes of customer that is how much a customer is willing to pay for the product and then if cost of production of that product is more then the customer willing to pay then company makes analysis of how they can reduce the cost of production to the level of cost a customer willing to pay by reducing the components of product which is costing towards final price but not giving any value to customer and in this way company tries to acheive the target cost customer willing to pay.
What should ethically be included in the Cost to Company shown for individual staff member by an organisation Do the components differ from industry to industry What are the components in Real Estate?
OK. That's three questions, and in the wrong category.
What is the cost of a quiktrip franchise?
All QuikTrip stores are company owned - no franchises. how much does it cost to buy a quiktrip store?
What does the company Altronics sell?
Altronics is a Australian company, established in 1976, that specializes in selling electrical components and goods. They have dealerships all across Australia.
What is transportation cost and how can you establish what the total cost is?
Transportation cost is basically cost to operate a transportation vehicle and its maintenance costs. The total cost of transportation would then be the sum of all the components that relate to vehicle of travel.
How much cost that can be consumed by the company to produce high quality product?
All the cost belong to you, for great justice.
Cost for rehabilitation?
There are no real low cost rehabilitation centers. They all cost a lot of money if your insurance company will not cover some of the costs.
How much does a Staples franchise cost?
All the Staples are company owned. They are not franchised.
What are the components of prime cost?
Direct labor and direct materials are the two main components of prime cost. Another component of prime cost is direct expense.
Definition of cost to company?
Cost to company means the salary you paid by the particular company.
