Increment in Recession times

pooja.joshi

Hello Sir,

I am Pooja Joshi, Sr Executive HR with an IT firm in Ahmedabad.

It will a great help if you can share your views with me regarding the current increment/appraisal trend this year in IT industry,with recession and cost cutting being the order of the day for most of the companies.Will be good if you can provide some statistical figures of the average % increase in salary this yr.....or any source from which I can get this information.

We at our company provide 6 monthly appraisal....chances of which seems to be bleak this time round because of the recession.Can you plz tell how the rest of the industry dealing with this issue of increment?

whether this time round IT companies providing any increment at the first place and if no, how do they deal with it....cause recession or no recession employees expect cos to provide increment as always...this might just lead to discontentment....how does one deal with it?

In anticipation of your quick views on this.

Thanks and Regards,
Pooja Joshi

Gladys

Hi Pooja:

Currently many IT companies even other domain companies are facing the market downfall named recession..due to which many companies are not able to pay salaries too...so appraisal stays far away..

Talking abt appraisal, employees do understand the scenario and market structure, they should be happy that their job is safe and company is paying them salary on time. Since now employees are terminated from job, their salaries are reduced by some percentage to control the recession and avoid losses to company...

So, try explaining the current situation, market condition and how the market and competitors are behaving... and the security your company is giving them (try to showcase your selves positively) and make them understand that if not 6 months, company will give them annual appraisal which would compensate non-done 6 months appraisal too also till then market would improve

Thanks

BADLOOSER

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