Section 13 Remuneration and Recognition (HR Manual Cont)

Here is a sample of some non profit organization or some such organization that may be dealing in financial or leasing concerns and sample Trades / Designations and assumed Level are mentioned here for information and ease of the reader so all the structural changes in the hierarchy may be attained as and when needed in your setup.  

1)         Remuneration means the salary and benefits; while, recognition means any act of acknowledgement or appreciation for a job well done and being rewarded for the same. Salary and benefits are set individually within the framework of HRMPK’s salary structure, wherever possible according to the position’s degree of complexity, the individual’s competence, individual performance record and external market conditions.

2)         The benefit and compensation package of HRMPK is designed around the Band structure of the Organization. All employees must know what Band they belong to according to the Organization’s policy in order to fully understand their entitlements. Employees shall draw their pay, allowances and fringe benefits as per the bands approved by the Organization.

Section 13.01 Band Structure

The Human Resource Department will keep track of Band assignment as per policy. Each employee will be notified about his/her band, as per HRMPK structure, on the appointment letter. The band structure is given below:

Level	Gross Salary Range	Designations
-	120k – 200k	Chief Executive Officer
-	100k – 160k	Chief Operating Officer
-	100k – 160k	Chief Financial Officer
-	50k – 80k	Chief Internal Audit
L-1	70k – 90k	Senior Finance Manager
L-2	50k – 70k	Finance Manager
L-1	70k – 95k	Senior Manager Operations
L-2	50k – 70k	Manager Operations
L-1	40k – 50k	Senior Internal Audit Manager
L-2	30k – 40k	Internal Audit Manager
L-1	65k – 80k	Senior Verification Manager
L-2	50k – 65k	Verification Manager
L-1	60k – 80k	Senior  Business Development Manager
L-2	40k – 60k	Business Development Manager
L-1	60k – 80k	Senior  Marketing Manager
L-2	40k – 60k	Marketing Manager
L-1	35k – 50k	Senior  Procurement Manager
L-2	25k – 35k	Procurement Manager
L-1	25k – 35k	Senior Risk Manager
L-2	20k – 25k	Risk Manager
L-1	25k – 35k	Senior Special Asset Manager
L-2	20k – 25k	Special Asset Manager

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