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How salary hike is calculated?

Step 1: First minus your new CTC and Old CTC. Step 2: Then divide the value by the old salary. Step 3: Next multiply the value with 100. Step 4: Hence the salary increment percentage is calculated.

What is the Inhand salary of HPCL?

HPCL Engineer In-Hand Salary 2021 Thus the In-hand salary initially will be INR 45,000 per month apart from the benefits.

Is 40 percent hike good?

The salary hike in percentage terms one can expect while changing jobs is anywhere between 20 per cent and 40 per cent, depending on the industry you are working in. Therefore, your new salary expectation should be based on the hike in percentage terms as well as the industry benchmark.

What is average salary hike?

Around 92% companies in India gave an increment at an average of 8% in 2021 compared with only 4.4% in 2020 where just 60% companies had extended a pay hike, according to a survey findings.

How do I calculate salary hike in Excel?

Salary Increase Percentage (%) Calculation from the Raise

  1. Input / Output values in the Excel Template:
  2. =VLOOKUP(C5,payment_frequency,2,FALSE)
  3. =(C10-C7)/C7.
  4. = (New Annual Salary – Old Annual Salary)/Old Annual Salary.
  5. Input / Output values in the Excel Template:
  6. = Old Salary x (1 + Percentage Increase)
  7. = C20*(1+C21)

What is the hierarchy in HPCL?

The Chairman & Managing Director is the head of the Corporation. The Board comprises of Wholetime Directors also called Functional Directors – Director (Marketing), Director (Refineries), Director (Human Resources), Director (Finance).

What is the salary of a petrol pump manager?

Bharat Petroleum Manager Salary FAQs Average Bharat Petroleum Manager salary in India is ₹ 14.6 Lakhs for less than 1 to 31 years of experience. Manager salary at Bharat Petroleum ranges between ₹1.2 Lakhs to ₹ 30 Lakhs.

Is 10% a good hike?

The average compensation of a listed-firm employee rose around 9.9 per cent in the financial year ending March 31, 2019 (FY19). This is the fastest pace of growth in at least five years.

How to calculate hike percentage in salary calculator?

1 First, Calculate the decimal value of salary hike percentage (i.e) salary percentage divided by 100 2 Then, Multiply the decimal value to the current CTC. 3 Now add the final value to your current CTC. 4 Finally the new salary value is displayed.

Is there a salary increase for HPCL employees?

Increased Salary: The employees at HPCL may see their salaries rise by as much as 30% due to various hikes in their allowances, basic pay and other benefits. But the most significant part of this hike will come by the merger of DA with base salary, which will also raise the ceiling of allowances that an HPCL employee can receive.

What is the formula for the pay raise calculator?

The formula the pay raise calculator uses is: new salary = old salary + old salary * raise % If you know the raise percentage and want to determine the new salary amount :

Is there a PF scheme for HPCL employees?

Pension: HPCL has a PF scheme for its employees towards which a portion of their salary is contributed automatically. This builds a good corpus for the retirement of employees.