Dear All,
Please, I need urgent help. I am in the stage of preparing the HR budget, and I have been asked to obtain the inflation rate for this year and the forecasted salary raise percentage. I have obtained the information regarding the inflation rate for the current year. Now, how can I calculate or propose the salary raise percentage for 2013? Is there a certain formula?
From United Arab Emirates, Dubai
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Please, I need urgent help. I am in the stage of preparing the HR budget, and I have been asked to obtain the inflation rate for this year and the forecasted salary raise percentage. I have obtained the information regarding the inflation rate for the current year. Now, how can I calculate or propose the salary raise percentage for 2013? Is there a certain formula?
From United Arab Emirates, Dubai
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Dear Onaraider,
There is no formula that links inflation and increment. The logic is if an employee gets an increment of 15%, and the inflation rate is 10%, then the effective increment for the employee is 5%. You can refer to the attached file; it will help you. For any further clarification, feel free to write or discuss.
From India, Mumbai
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173There is no formula that links inflation and increment. The logic is if an employee gets an increment of 15%, and the inflation rate is 10%, then the effective increment for the employee is 5%. You can refer to the attached file; it will help you. For any further clarification, feel free to write or discuss.
From India, Mumbai
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Dear Onaraider, The percentage of hike you want to give will completely depends on your organisation’s performance, objective and budget.
From India, Mumbai
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From India, Mumbai
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Dear Onaraider,
It is good to hear that your management is so concerned about inflation. First, I need to understand one thing: do you give a flat hike to all your employees, or does the percentage vary?
For any further clarification, feel free to write or discuss.
From India, Mumbai
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It is good to hear that your management is so concerned about inflation. First, I need to understand one thing: do you give a flat hike to all your employees, or does the percentage vary?
For any further clarification, feel free to write or discuss.
From India, Mumbai
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Salary Raise Request.doc
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