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Fitment factor is a multiplication number that is used to arrive at a common result. The 7th Pay Commission multiplies this figure with the basic pay in 6th CPC regime (Pay in Pay band added with Grade pay) for the purpose of determining basic pay in revised pay structure.

Search online for the average salaries for your job title. While a national average can be helpful in determining your salary, try to look for what other professionals in your area are making. If you aren't finding anything for your particular job title, try to search the salary for a similar one.

The HR department conducts compensation surveys specific to that location to determine the appropriate salary levels for new hires. By analyzing market data, they ensure their offers align with the local industry standards, enabling them to attract and retain talented individuals within the region.

Be as transparent as possible The compensation range should include a base salary and on-target earnings (like commission), if applicable, and any additional compensation information (e.g., stock options).

The human resources department does many jobs, one of which is payroll. The HR department is typically responsible for ensuring that all employees are paid on time and correctly. They also typically handle any payroll issues, such as discrepancies or errors.

That's ing to new data by Mercer, which found that U.S. employers reported 2023 annual merit increases have averaged 3.8 percent, while total compensation?which includes merit awards as well as all other types of compensation increases impacting base pay, such as promotional, cost-of-living and minimum wage? ...

Employers have the freedom to decide what kind of salary they want to offer depending on the position, the person, and their financial position. So, it is usually not the HR team that is actually creating the salaries unless the employer has specifically allowed that to happen.