Indian Institute of Management-Ahmedabad (IIM-A) will seek consensus on Saturdays from other business schools on the introduction of uniform standards, while providing investment information. The stress is having the same configuration while announcing earnings and other details. The Institute will be invited to discuss the draft rules of investment information about India in a conference with the participation of business representatives and recruiters from the school-B.

Most B-schools find it difficult to get the whole structure from recruiters. IIM-A, the proposed standards in February believe that the standards will be investment reporting process more transparent, easier to understand and help make comparisons between the B-schools.

IIM-A placement committee chair Saral Mukherjee said the institute will try for a consensus conference. So he sought suggestions from stakeholders on the project in his hand, the Department followed the standards from that same year. The ministry said it will announce the higher wages and the lowest average this year.

As with the draft prepared, recruiters are required to produce a wage calculation and data. The project requires information about the job role, sector, location, location, and responsibilities as part of wages not information. “Unlike the current practice of reporting only the total cost of salary for the company (CTC) is the ratio of revenues, dividing the parts must be provided by the recruiter,” says a draft prepared by IIM-A

Wage components include base salary, the total extra cash components secured, the total cash benefits once during installation, the total long-term compensation, general performance related compensation in the first year of profit performance and non-monetary as well as the CTC. The proposed rules also suggest that B-schools will provide breakdown by sectors, functions and location in terms of offers accepted. “The goal of the conference will examine the proposed rules and discuss the future in terms of access

pting standards (with modifications if necessary) or rejection. We will put all the proposals we have received so far at the conference for discussion, “said Mukherjee.

IIM-Kolkata does not seem a lot of obstacles to the adoption of rules, but stressed the need to agree on standards that are relevant and practical. “There is a need for uniformity of communicating data placement because different individuals may be interested in knowing the rest of the industry trends towards employment. Students can also learn about a broad trends in compensation and other related career information. The only obstacle could be the kind of information on organizations that are willing to share, “Professor Amit Dhiman Chairman of IIM-C placement classes, told ET.

He added that there could be a debate on what type of information must be standardized. “Should be enough if I report the wage offered on campus by various sectors, or should I go into detailed calculations of averages and medians. The first is easier and more reliable, so that there are obvious problems for second place in the shape exchange of information for all recruiters. We welcome the debate launched by IIM-A, but we must reach a common, inclusive of what is practical and what is truly needed beyond the rhetoric, “he added.