Salary and Compensation
Understanding market rates, compensation structures, and benefits packages in Sri Lanka's employment landscape.
Factors Influencing Market Competitive Salaries
Job Title & Industry
Different industries and roles have varying ranges
- ✓ IT professionals command higher salaries
- ✓ Service sector typically lower
- ✓ Management roles premium
- ✓ Specialist roles higher compensation
Experience & Skills
Experience and specialized skills impact compensation
- ✓ Years of relevant experience
- ✓ Technical certifications
- ✓ Industry-specific knowledge
- ✓ Leadership capabilities
Location
Geographic location affects salary levels
- ✓ Colombo offers highest salaries
- ✓ Regional variations exist
- ✓ Urban vs rural differences
- ✓ Cost of living adjustments
Company Size
Organization size influences compensation
- ✓ Multinationals offer higher packages
- ✓ Large local companies competitive
- ✓ SME variations in benefits
- ✓ Startup equity options
Minimum Wage Requirements
National Minimum
LKR 12,500 monthly
Basic minimum wage for all workers
Daily Rate
LKR 500 per day
Minimum daily wage requirement
Coverage
All industries
Applies across all sectors
Enforcement
Labour Commissioner
Overseen by Department of Labour
Bonuses and Additional Compensation
Performance Bonuses
- ✓ Based on individual targets
- ✓ Company performance linked
- ✓ Annual evaluation metrics
- ✓ Project completion bonuses
Annual Bonuses
- ✓ Year-end payments
- ✓ Festival bonuses
- ✓ 13th month payment
- ✓ Loyalty bonuses
Special Allowances
- ✓ Transportation allowance
- ✓ Housing allowance
- ✓ Meal subsidies
- ✓ Phone allowance
Payroll Cycles
Monthly Salary
Standard monthly payment cycle
- ✓ Fixed date each month
- ✓ Regular processing schedule
- ✓ Bank transfer payments
- ✓ Statutory deductions included
Bonus Payments
Additional compensation cycles
- ✓ Annual bonus schedule
- ✓ Performance bonus timing
- ✓ Festival payment dates
- ✓ Special payment processing
Common Allowances
Transportation
Common
Monthly travel allowance or fuel reimbursement
Housing
Variable
Housing allowance in major cities
Meals
Optional
Meal allowance or subsidized meals
Medical
Common
Healthcare allowance or insurance
Communication
Role-based
Phone and internet allowances
Education
Optional
Training and development support
Need Help with Compensation Planning?
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