Question

1. You are the owner of a paper company with 10 staff based on market analysis and trends research a salary and assign to each position.

2. Assign a budget for salaries( be sure to give leeway)

Answer 1

1.

Generally consulting jobs have a higher pay grade as compared to other jobs. In consulting as well the range of jobs differ depending on the type of consulting. Eg: Financial consulting, HR consulting, Operations consulting, Management consulting and etc.

Here, we talk about a counselling firm with a staff of 10.

According to latest trends the Salary of the employees in counselling firm can range anywhere between rupees 1.5 LPA to 4 LPA depending on the nature of the jobs performed. Ones with the administrative work will be paid less as compared to the ones who are performing duties in the core counselling domain.

2. The salary budget is generally associated with the overall health of the firm. most of the salary of the core members is actually comprised of variable pay and fixed pay and the salary of administrative jobs are generally fixed with very low variable component. Generally the salary budget accounts for 30-40% of the revenues of the company.