PayScale - Salary Comparison, Salary Survey, Wages it gives you a complete info on the salary that you should get for your experience and skills and profile. It also gives you tips on how to negotiate.
Please wait for the movement ,otherwise you can ask with your HR department politly.Do not compared with fresher who are joining at the higher rate in your organisation,may be you will get good increment.if you did't then asked to your senior/HR otherwise look for another opportunity.
Am assuming that its all in place and that ur are genuinely underpaid - in that case idealy, have a clear and open discussion with ur line manager & share ur apprehension. At the sametime you can also say that you would like to discuss this with HR team as well.
Most line managers (depending on company culture) usually look at HR discussions as an escalation and hence it might be best to take line manager in loop first. Moreover since increments are linked to performnce, if you have ur line manager's support it will become easier for you - However its just a suggestion and do as you feel appropriate depending on ur org culture, ur relationship with line manager etc.
As far as comparision with freshers is concerned - if you are undergrad with 4 yrs of work exp, and fresher are lateral hires form top B schools then they are bound to get better compensation, which is only fair. Similarly people in different LOBs get differential compensation. So just have your perspectives in place before you go for this discussion.
Thanks for the inputs from you all, i am feeling like being guided at this moment and feeling a bit relaxed.
For one of the posts above, I am B.Tech in Electronics and communication from A Grade College and college is better than the freshers who joined at higher package.
Keep guiding as i need it
years of exp is alone not a factor to determine your package. but of course its one of the vital element. other factors like your qualification, role, your designation plays an important.
there is a minimum and max range for each level in each company. If your are in same designation for many years, your salary will be always within the same range irrespective of years of exp.
If you are in same level at the time of pay revision and that particular level max package itself only 3.2 L p.a and you are already in the slab of 3.1, then you have max of only 10k for increment.
Hope this helps you
Before the final discussion you can initiate the process of formal written communication because verbal assurance holds no value in official terms until and unless a raise is accepted in writing. However, that does not imply that you do not have an opportunity to discuss out matters in person with the authorities prior to the final discussion.
Herewith, I am attaching a salary raise request letter that might be of help to you !
I am working as HR Executive for past one year now i am handling administration also i am getting a salary of 6500/-.
i would like to know the proper salary that i am deserving in my organization. I am working in a private concern at Kerala.
i would also like to know about the salary range of different designations