pay scale/band

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ABHIJIT (Querist)
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25 January 2011 a)-what is the meaning of following payscale/band? (sr.no 1)
what amt of salary will person get?

b)-pls also tell me what is payband and paygrade?
thanks

1) Pay scale 5200-20200 + 2800
plus other allowances
as applicable

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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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

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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25 January 2011 agree with BHAGAT SIR.

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.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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25 January 2011 FOR INSTANCE ,

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

ABHIJIT

ABHIJIT (Querist)
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25 January 2011 thanks a lot

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