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One time fixed annual increment - what should it be called?
A candidate has been selected and has been offered a fixed one time increment of 0.5 lacs after one year. this is only a one time affair there after the employee will be appraised annually on performance and accordingly will be given an increment. i am confused as to what do i call the one time salary increment of 0.5 lacs as i need to add it as a component in the candidates ctc.
Grading & increment - what are the slabs of increment after compilation of the apas for the year?
Dear sir what are the slabs of increment after compilation of the apas for the year which other companies follow ? what are the advantages / disadvantages if a company follows: 1. release a uniform 9 increment to all employees; 2. a twotier grading and increment policy where 70 workforce is graded in agrade with 9 increment and 30 in bgrade with 7 increment; 3. a threetier grading and increment policy where 15 workforce is graded in agrade with 10 increment; 75 in bgrade with 9 increment; and 10 in cgrade with 8 increment. the ctc after the incremental increase on 2 & 3 above is 9.1 i.e. almost same. please enlighten.
How can i set the percentage for increment slabs for managers and executive levels?
Hello everyone i hope everyone is doing well kindly guide me regarding the increment slabs. i have recently joined an it company. we are planning to set increments slabs for all positions to bring equality at all levels. current practice is everyone gets yearly increment based on their performance and incremental salary is decided by the top management. we don t have fixed percentage for increment slabs yet. kindly guide me how can i set the percentage for increment slabs for managers and executive levels.
Increment to a suspended employee
Hai seniors about suspended employee i saw many answers regarding subsistance allowance bonus leave etc. but my question is about his annual increment. whether he is eligible for annual increment? if yes then in what ? eg. increment for the year is rs. 1200/ then how much we have to fix as increment to that suspended employee?. pl reply.. warm regards brindha
Probation increment
I had completed b.e and working in a private concern as whitebox testing engineer with 11k per month. now i feel this salary is not rite for my qualification and for the work i do. my company usually gives 2k as probation increment. and i am unhappy with tat increment. how much can i ask for increment during probation meeting.
Increment clause is not mentioned in the appointment letter
Hi i am working in a company as a consultant for the last 3 years. my total contract period is 5 years. in the beginning the company has given me a individual consultant agreement. in the agreement they didn t mention about increment. now after three years when i am asking for the increment the hr people are saying that there is no such clause in the agreement hence they can t give the increment. now my question is shall i eligible for the increment. what sort of action i need to take if the company rejecting the increment. kindly advise.