Last updated on April 28th, 2023 at 02:25 pm
The FACT Management Trainee Salary and Job Profile are determined by Fertilisers and Chemicals Travancore Limited (FACT). Candidates must be aware of the FACT Management Trainee salary to understand the pay scale, pay level, and in-hand salary as per government guidelines. Knowing the FACT Management Trainee Job Profile will help you understand your roles and responsibilities once hired. The selected candidates will also receive various benefits, perks, and allowances based on the FACT Management Trainee post’s pay level.
Table of Contents
FACT Management Trainee Salary: Structure
| FACT Management Trainee Salary Structure | |
| Conducting Body | Fertilizers and Chemicals Travancore Limited |
| Post Name | FACT Management Trainee |
| Stipend in 1st Year | INR 37,000 |
| Stipend in 2nd Year (as Assistant Manager) | INR 43,000 |
| Salary after 2 years – Appointment as Assistant Manager | |
| Pay Level | E2 |
| Pay Scale | Rs.50000-160000 |
| Allowances | Dearness Allowances, House Rent Allowances and Medical Facilities |
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FACT Management Trainee Salary: Annual Package 2023
The salary of FACT management trainee is determined by the Limited based on the pay scale, benefits, perks, and other allowances. The annual FACT Management Trainee salary package will range between Rs. 2.4 Lakhs and Rs. 5.5 Lakhs. All chosen candidates will be eligible for various allowances, raises, and benefits.
FACT Management Trainee Salary: In-Hand Salary
For the first year, candidates are paid a monthly consolidated salary of Rs. 37,000/-. In the second year, they will be promoted to Assistant Manager and will be paid a consolidated salary of Rs. 43,000/-. After completing two years of training, you will be absorbed in a managerial pay scale of Rs.50000-160000 (E2) as an Assistant Manager. They will also receive perks and benefits as determined by the commission from time to time.
FACT Management Trainee Salary: Salary Slip
Every month, all employees working under the commission will be given the FACT Management Trainee Salary Slip. The salary slip includes information such as basic pay, gross salary, net salary, deductions, allowances, and so on. This document can be used for a variety of work-related purposes, such as proof of employment, loan applications, income tax benefits, and so on.
FACT Management Trainee Salary: Additional Perks and Allowances
Along with the basic salary, every candidate selected for the FACT Management Trainee position will receive the following perks and allowances:
- Dearness Allowances
- House Rent Allowances
- Medical Facilities
- Employees Pension Scheme
- Traveling Allowances
- Other Allowances
FACT Management Trainee Salary: Job Profile
According to the FACT Management Trainee Job Profile, qualified candidates will be assigned various roles and responsibilities by their superiors, which are listed below:
- Provide excellent customer service by managing rental processing, qualification, and contract completion in a positive and effective manner.
- Drive daily operations and customer service in all areas of the business.
- Assist with new employee onboarding, as well as proper documentation and employee training.
FACT Management Trainee Salary: Career Growth and Promotion
All candidates appointed by the commission will receive significant career advancement as well as a competitive salary package and job security. After being confirmed as permanent employees, they will be eligible to take part in internal exams for promotions based on their performance, seniority, and experience. They will be able to boost their resumes with experience and improve their standard of living once they are promoted to higher positions.
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FACT Management Trainee Salary: FAQs
As a FACT Management Trainee, your role would include supporting the onboarding process for new employees, ensuring that all necessary documentation is complete and facilitating their training.
As a Management Trainee at FACT, you can expect to receive various allowances including Dearness Allowance, Housing Accommodation/HRA, Medical Facilities, Travel Allowances, and more.
The selected candidates will receive a salary as per pay level E2 (Rs.50000-160000) upon appointment as Assistant Manager after 2 years of training. In the 1st year training the stipend will be Rs. 37,000 while for the 2nd year, it will be Rs. 43,000.
For the salary structure refer to the above article.
The length of time it takes to become a full-fledged Manager can vary depending on the company and industry.
