Hi everybody,
I would like to create a salary plan for the power sector for each designation. What should I do? Should I provide an annual increment for up to 3 years and promote him/her after 3 years? If a promotion is due and the position is not vacant, should I increase the salary according to the new rank in the ranking system? How can I establish a ranking system? Is it possible to fix the salary increment rate at a certain percentage for some and base it on performance for others?
Thank you.
From Pakistan, Karachi
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I would like to create a salary plan for the power sector for each designation. What should I do? Should I provide an annual increment for up to 3 years and promote him/her after 3 years? If a promotion is due and the position is not vacant, should I increase the salary according to the new rank in the ranking system? How can I establish a ranking system? Is it possible to fix the salary increment rate at a certain percentage for some and base it on performance for others?
Thank you.
From Pakistan, Karachi
Acknowledge(0)Amend(0)
Hi everybody, I would like to create a salary plan for each designation in the power sector. What do I need to do? Should there be an annual increment for up to 3 years, and after that, promote? If promotion is due but the position is not available, should I increase the salary rank instead? How can I establish a ranking system?
Thank you.
From Pakistan, Karachi
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Thank you.
From Pakistan, Karachi
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Creating a Competitive Salary Structure.doc
Salary Structure.zip