Hello All, I am Vaishali... Working with IT company.. I want valuable suggestions from all of you, to decide increment percentage for employees ?
From India, Ahmedabad
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From India, Ahmedabad
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Factors Influencing Increment Decisions
Normally, the factors that are taken into consideration to determine the quantum of increments are the value added by an employee to the business, their performance, the value of the employee (i.e., whether a star performer or an average performer), the nature of your industry, the size of your organization, the prevailing norms for increments in the market, and above all, how deep the pockets of your organization are. If you want to retain a star performer, you need to compete with the market that governs the industry of your size.
All these factors are variable, and it is difficult to arrive at a uniform percentage of increment for all employees. You need to undertake some research at your level. However, other views that can shed some light on the subject can be awaited.
Regards,
B. Saikumar
HR & IR Advisor
From India, Mumbai
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1931Normally, the factors that are taken into consideration to determine the quantum of increments are the value added by an employee to the business, their performance, the value of the employee (i.e., whether a star performer or an average performer), the nature of your industry, the size of your organization, the prevailing norms for increments in the market, and above all, how deep the pockets of your organization are. If you want to retain a star performer, you need to compete with the market that governs the industry of your size.
All these factors are variable, and it is difficult to arrive at a uniform percentage of increment for all employees. You need to undertake some research at your level. However, other views that can shed some light on the subject can be awaited.
Regards,
B. Saikumar
HR & IR Advisor
From India, Mumbai
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