Copy of compensation
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Hemant Jayswal received a performance increment of Rs. 3604 per month, revising his annual CTC to Rs. 305,400. This was in recognition of his efforts in the previous year as recommended by his seniors. The details of his new compensation package were provided, including breakdowns of his monthly and annual salary, allowances, benefits, and incentives. He was congratulated on the increment and wished the best for his future endeavors with the company.
Copy of compensation
- 1. Date: 17th Jan 2014 To, Mr. Jayswal Hemant R., Manager – Business Development, Ahmedabad Sales Office. Letter of Increment Dear Hemant, In recongnition of the efforts put in by you last year and basis the recommendation by your seniors, we are pleased to award you a sun of Rs. 3604/- per month as your performance increment in your CTC with effect from 1St Jan 14. Now, Your CTC stands revised at RS.305400/- per annum, the detils of your increased remuneration package are enclosed herewith for your reference and record. The Salary is a confidential governing your employment with the organization will remain unchanged. We are sure that You, as a proud member of “Team Ceasefire” will put in your well – directed and focused efforts with renewed zeal & passion. Congratulation once again & Best wishes from Team Ceasefire for your future endeavor. For Ceasefire Industries Ltd. (Authorised Signatory)
- 2. COMPENSATION & BENEFITS STACK-UP JAYSWAL HEMANT R. MANAGER – BUSINESS DEVELOPMENT AHMEDABAD SALES OFFICE Revised Salary Package W.E.F 1st Jan 2014 Components of Monthly Salary Rs (Per Month ) Rs (Per Annum ) Basic Salary 6000 72000 House Rent Allowance 3000 36000 City Compensatory Allowance 2400 28800 Transport Allowance 1450 17400 Total – A 12850 154200 B: Annual & Retiral Benefits . . Ex-Gratia*** 500 6000 Gratuity**** 288 3456 PF-Employer’s @12% of Basic 720 8640 Total – B 1508 18096 C: Components of Reimbursement . . Fixed Conveyance Reimbursement 3500 42000 Qualitative Performance Reimbursement 2000 24000 Mobile Allowance 450 5400 Variable Incentive 5150 61800 Total - C 11100 133200 Total CTC (A+B+C) 25458 305496 ***Ex-Gratia / Assured Incentive : Subject to Completion of one Year from Date of Joining ****Gratuity (Equivalent to 15 days basic salary for completion of 5 years Service as per rules of the gratuity act. **Qualitative Performance Reimbursement/ Incentive subject to achievement of the given objectives. *Reliance Mobile is the budget amount – in case of deviation on the same, on a higher side, the amount will be recovered from the salaries on a quarterly basis. However, in case of variance on lower side there will not be any reimbursement. Yours Truly FOR CEASEFIRE INDUSTRIES LIMITED (Authorised Signatory)
- 3. Selection Date: 13th Aug 2012 Dear Mr. Hemant R Jayswal With reference to the interview you had with us, we are pleased to inform you that you have been selected on the following terms and conditions. You are designated as Manager Business Development You will be working in our Location: Ahmedabad Your Gross Salary Package shall be Rs. 2.57 Lacs Your date of Joining will be 16th August 2012 At the time of joining you shall bring the following documents failing which your joining shall not be considered as completed and you will not be allowed to attend your Induction & Orientation Program 1) Passport Size Photo and One Stamp Sized Photograph. 2) Age Proof Certificate (High School Mark Sheet or School Leaving Certificate or Birth Certificate) 3) Copies of Certificates for educational qualification with originals for Verification. 4) Experience Certificate and relieving order of previous company (Incase of experienced person) 5) Name of Two Reference with their complete address / Occupation etc. 6) Permanent Residence address proof. 7) Blood Group. 8) Postcard size photograph of self along- with family. Your Offer cum Appointment Letter shall be sent from our Zonal Office and shall be handed over to you on the day of your joining. Please acknowledge the receipt of this Selection Letter as a your acceptance of this Offer. Yours Truly For Ceasefire Industries Ltd (Authorised Signatory)
- 4. JAYSWAL HEMANT R. MANAGER – BUSINESS DEVELOPMENT HEAD QUARTER - AHMEDABAD SALARY PACKAGE OFFER DATE OF JOINING : 16th August 2012 Particulars Amount (Rs.) Fixed Component Basic Salary 5000 House Rent Allowance 2500 City Compensatory Allowance 2000 Transport Allowance 1400 Sub Total – A 10900 Reimbursement Fixed Conveyance Reimbursement 2500 Sub Total – A1 2500 Variable Component Productivity Linked Reimbursement 1675 Variable Incentive 5100 Sub Total – B 6775 Annual /Retirement/Statutory Component PF-Employer’s @12% of Basic 600 Ex-Gratia*** 417 Gratuity**** 240 Sub Total – C 1257 Total Salary Package (A+A1+B+C) 21432 Total Salary Package Per Annum 257184 Variable Incentive is applicable as per Company’s incentive policy Productivity Linked Reimbursement subject to achievement of the given objectives. Ex-Gratia : Subject to Completion of one Year from Date of Joining Gratuity (Equivalent to 15 days basic salary for completion of 5 years Service as per rules of the gratuity act. Yours Truly FOR CEASEFIRE INDUSTRIES LIMITED (Authorised Signatory)