It’s important to understand the difference between both. It’s very common to be unclear when it comes to salary revision and salary increment.Ī revision in salary means a revision of salary structure in all components, taking into account the IT considerations, and it is given to make a position market competitive. This is where it differs from the salary hike in which an increment can be related to only one component of the entire salary structure. Salary revision is the procedure of modification of the whole pay structure including all primary salary components. House rent, special allowance, medical and travel allowances are also very common components of a company’s salary structure. These components include basic pay, PF and gratuity. Nonetheless, there are some segments common to all salary structures. Salary structure in payroll includes different segments relying upon organization standards.
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