Are your payroll costs rising? Are you perplexed by your changing employee expectations?
Don't worry, this is where we, Alp Consulting Ltd, step in with our salary restructuring services. We help you with recrafting your salary designs and help you understand what employees perceive. Your salary structure becomes a strategic advantage in a market of skilled professionals who make close comparisons of salaries, benefits, tax savings, etc.
Our Salary Restructuring Services Offered for Businesses
Tax Compliant Salary Structure
We help evaluate the tax framework, providing businesses with inputs regarding how to integrate tax-saving components, increasing employee take-home salary without spiking company expenses.
Compliance Assessments and Rollout
Our CTC restructuring services ensure that you comply with all the compliance norms, employment, wage laws, tax regimes, etc. We offer suggestions regarding changes in regulation and help in implementation.
Salary Benchmarking Analysis
We conduct surveys and do comparisons on what the industry standards are regarding compensation, and validate current pay frameworks. This ensures competitive benefits in drawing and retaining candidates.
Benefits Consulting Solutions
We provide guidance for various benefits you offer, like housing allowances, leave allowance, retirement contributions, etc., to help maximise IT deductions available for employees.
Assistance With Implementation
A revised salary structure needs to be properly analysed and implemented, and we will assist you with the practical application of the structure that might entail the selection of third-party vendors for payroll management.
Key Benefits of Our Salary Revamping Solutions
1
Talent Attraction & Engagement
One of the most significant advantages of collaborating with us is that we will help you by designing competitive compensation structures that will appeal to skilled talent, making them apply, and if they are satisfied, they might stay for a longer duration.
2
Cost-Effective Operations
Our services will help your operations to become cost-efficient with robust payment structures, balancing competitiveness with the overall payroll cost of your company, resulting in optimal efficiency.
3
Elevated Compliance Systems
We ensure that the revamped salary structure is formulated in a way that complies with all the regulations and laws, with the help of an efficient compliance framework that will help you to eliminate legal risks.
4
Enhance Employee motivation
Our assistance as an employee salary restructuring consultancy, we help employees feel motivated when they receive fair compensation packages. This leads them to feel confident, acknowledged and enables them to contribute to the company’s growth and development plans.
5
Intelligent Synchronisation
Our systems help companies to fulfil the broader organisational goals as strategies are well-aligned, resulting in more impactful deployment of resources and skilled talent.
Our Salary Restructuring Solution Process
The first step of payroll salary restructuring involves understanding and identifying the reasons and objectives for restructuring salary systems. Objectives might entail the reduction of costs, adapting to new market forces, etc.
The next step is to evaluate existing salary benchmarks and compare them to industry or market standards to identify irregularities and gaps.
Then comes the redesigning of the structure based on the assessments made, which may involve aligning the ratio of the basic salary and adjusting it to allowances. It might also involve removing certain tax-free elements to enhance tax efficiency.
The fourth stage is to analyse costing and plan budget allocation, where the finance and HR teams work in tandem, ensuring financial viability and efficiency.
After this, the legal team is consulted as legal experts take up the matter and look into it, ensuring that the design adheres to the tax norms, labour rules, and other compliance factors.
The final stage is to share the new and improved structure with employees and inform them about the impact. Finally, the new structure is implemented and monitored continuously to check that the structure is aligning with the company's goals.
Why Choose Us for Salary Restructuring Services?
Selecting the right wage restructuring consultancy, like Alp Consulting Ltd, can help boost cost efficiency, compliance, and motivate employees. You must partner with us as well, don’t just focus on the structural design, but intelligently craft the salary framework so that it syncs well with the company's objective.
Our structures guarantee optimisation of taxes with the assurance of keeping the overall payroll cost steady. Our expert team personalises salary structure according to the requirements of industries, job roles, industry salary standards, etc.
Industries We Serve
Logistics
When you need temp staff, you can rely on and warehouse managers you can trust
Agritech
Hiring a regenerative agriculture specialist, a research head or toxicologist? We hear from you!
Automobile
Design engineers, automation experts, and battery specialists could make all the difference
Aerospace
Space is the next frontier only with great aerospace engineers and scientists
Retail and E-commerce
Find the customer’s basket with retail specialists and great customer care managers
Semiconductor
Hire design engineers and QC experts who ensure that a NAND Gate does not delay customer delight
Oil and Gas
Hire reservoir engineers to identify new opportunities and chemical engineers to refine existing processes
Shipbuilding
Build your way to naval might with naval engineers and architects prized for their talent
Renewable Energy
Identify newer sources and optimize existing ones with the right talent
Information Technology
Hire the best talent from India to get your app or dream website running
GCC/Captives
Hire the best experts and analysts in research for your industry without delay
ITES/BPM
Outsource your financial or IT back-office needs to a reliable partner
Healthcare
Deliver on your promise of good health with the right doctors, nursing staff and administrators
Biotech and Pharma
Manage compliance with compliance experts and get the research right with able scientists
Engineering and R&D
Hire people to reduce errors in the engineering processes and secure higher returns
Manufacturing
Get the best QA/QC experts to ensure product quality and compliance experts to ensure compliance
EV Battery
Hire the best EV engineers to design batteries that are more efficient and safer for the environment
Looking for A Trusted Talent Partner?
Acquire and manage top tier talent with our full service talent solutions tailormade for your unique industry requirements.
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Want to explore partnership with Alp?
Whether you are a startup on a growth trajectory or a large organization struggling to maintain your talent pipeline or a company looking to outsource HR or training functions, we have bespoke solutions for everyone!
Just submit the form above (for mobile) or on the left (for desktop) and we will get back to you within 2 working days.
Please do NOT fill the form for any job related query. If you are looking for a job please visit our careers page. If you need any support from our HR team please send an email to hr@alpconsulting.in.