Salary Fixation criterias in private Companies
In Private companies the salary is fixed based on the position held by employee. Higher management gets more salary and lower excutives gets less salary.
If we compare the scenerio in India, the lower excutives or labours are treated really bad. The most risky job is done by labours in field. Specially the labours in mining industry are more open to the dangers including deadly accidents.
Should the salary be fixed on percentage of brain work included or risks associated with job?
In India the more brain work, higher the salary. Same is the case with all other developing countries. However in developed countries the scenerio is different. European countries have a very high rate of apying to labours.
What is your take on this, Salary based on brain involved or based on risks involved?
Private Limited companies are regulated by board of directors. The sole purpose to run a business is to earn the profit. As far as i have noticed the salary is fixed on ability to generate revenue.
The more revenue you can generate, higher the salary.
And risk with job are higher in top management too. A labour can work wherever he want but it is very difficult for a top guy to find job if his image gone bad.
The salary is also based on the cost involved in aquiring the talent required to do the job. Top management are highly qualified and the cost to qualify is higher than the cost to aquire talent required for doing labour work.
I agree that labours working in mining or coal fields require higher pay due to health risk.