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06-01-2009, 05:17 PM
| | | | Hi sonia,
with the present scenario all the companies are thinking abt cost cutting, some companies are dicreasing the salaries by 10 to 30 percent.
with regards,
Ramesh.V | |
06-01-2009, 06:47 PM
| | | | Join Date: Aug 2007 Location: Chennai |
| | Seema & Sourabh,
Thank you so much.
Any idea, what would be the average? the max and the minimum hike?
Thank you | |
06-01-2009, 06:56 PM
| | | | First Try To Save the Jobs Then Think Of Increments.... Cost Of Living Will Go Down As It Was Artificially And Abnormally Gone Up During Past Two Years As Inflation Goes Down Salaries Also To Be Proportionately Reduced Because Real Value Of Job Has Also Gone Down.
Market Correction Takes Place In All Speres Of Economics Hr Is No Difference.
Indian Market Job Price Will Goes Down In Next Two Years By 50% Because It Was Influenced By The Demand And Supply During Corrosponding Period Of Market Economic Boom.
Badlu | |
06-01-2009, 07:11 PM
| | | | Join Date: Jul 2007 Location: chennai |
| | Sonia,
The real situation to feel is to stick with the job and than think about the salary hike. As many of the IT people are thinking about Layoff and firing. So there will be no hike may be a decrease is possible in this downturn.
Regards,
Harinath R | |
06-01-2009, 09:46 PM
| | | | Join Date: Jun 2008 Location: Ahmedbad |
| | Hi Sonia,
The Increment Percentage this year will go down as compared to last year. Last year the increment percentage was between 10-15% and this year its going to be anywhere between 7-10% for IT companies or some IT companies may not give increaments and some company will even go for salary cuts and some companies may take a step to lay off people for sustaining in the current market scenario.
Regards,
Surendra | |
06-01-2009, 11:42 PM
| | | | Hi Sonia,
The first thing tell me how good your company is doing. Second, is that needed. Thirdly, survival....if you can survive in this scenario for 24 months...its fine...or else plan for alternatives and increments in a very small proportion every six months. So that no projects are hamppered. | |
07-01-2009, 01:02 AM
| | | | Join Date: May 2007 Location: Hyderabad |
| | Hi Sonia
Due to recission, companies are now opted for cost cutting to cope up with the present scenario, you can expect the hikes to be in single digits that too based on the business the companies are into. Some companies which might have badly affected with the recission (Sunami) might go for pay cuts too instead of hikes.
Regards
Vamsi..  | |
07-01-2009, 09:47 AM
| | | | Join Date: Dec 2008 Location: mumbai |
| | hello to all!!I am working for reputed firm n Service sector in the areas of consultancy and audits.In our firm, (Co.????), even our quarterly reimbursements are postponed to half yearly payments (thats means 6 months + 2 or 3 months!! FOR RECEIVENG ACTUAL PAYMENT  ]Further leave encashments for 2008 are CANCELLED now in this scenario i dont think one should be positive for great salary hike in firm like ours..........any way. hope for the best .. PREPARE FOR THE WORST!!GOD BLESS!!Bye and Good Day to allMeghana. | |
07-01-2009, 09:48 AM
| | | | Join Date: Jun 2007 Location: Pune |
| | Salary hike in IT companies Dear Sonia,
Looking at current market senario, salary hike is not considered in many companies. The main focus is to have control on operational cost and instead of giving pinkslip how can we retain the current employees with the same cost.
Now a days every individual is aware of the situation and will not fight against the salary issues. Most of the people will be happy that they are not getting lay offs. Exceptional performers or the the employees who's salaries are very low like trainees can get the hike depending on the companies situation and the performance of the employee.
Thanks & regards,
Sonal Mahajan Quote:
Originally Posted by sourabh77  Dear Sonia,
The salary hikes in IT firms currently depends upon majorly the kind of business they are having that is what would be the net earnings and profits as well as number of employees apart from the perfomances of employees.
Some companies have decided NOT to give any salary hikes to cope up market downturn, some have asked their employees to take a salary cut so as there should not be any layoffs, where as some are offering a hike of 7% to 15%, saying that 15% hike will be awarded to employees who have performed exceptionally well in their area of expertise.
For Sales force their performance appraisal would be directly result of the targets achieved and businesses retained and acquired for the parent compnay.Generally they have a percentage in their salary structure for financial targets achieved during the previous year.
For Admin and Finance the hikes should be again 07%-15% based on their output, effectiveness and productivity.
warm regards
Sourabh |  | |
07-01-2009, 12:34 PM
| | | | Join Date: Jul 2007 Location: mumbai |
| | Hi Sonia,
There is no hike in my Company as of now (an IT product Co).
We may decide to infact cut in case cost saving measures being undertaken do not fetch the desired results.
Yes the feel in the company is against the cuts in salary but once it becomes inescapable we will have to resort to it.
Yes it is not a GOOD HR Practice.....but may not be able to help.
Regards
Neeraj |
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