Hi all, How much is the minimum yearly increment percentage that an employer must give? Is there any kind of act that dictates the minimum percentage slab ? Thank you.
From India, undefined
rkn61
461

There is no act which dictates minimum amount of increment to an employee. It is purely for the management to decide the quantum of increment.
But for a smooth operation of business, it is suggested that the increment to be awarded shall be linked to the performance of employee in the job.
In order words, you may evolve suitable Performance Appraisal policy and performance reward policy and put it in place.

From India, Aizawl
OK sir. is this increment percentage calculated on gross or ctc?
From India, undefined
I studied that the annual increment is calculated on CTC. is this correct ? if not, which one is the right way to calculate.
From India, undefined
rkn61
461

Whatever you have studied, need not be the yardstick, to be followed in an Organization.
From your post, I understand that you are not having a good Performance Appraisal &
Increment Policy.
For evolving a Policy on this, you can contact me, if you require any help or assistance.
Thanks.

From India, Aizawl
Hi, Annual Increment should be at least @10% minimum
From India, Gurgaon
Is this 10% increment should be on gross or CTc?
From India, undefined
Hi, Increment / appraisal depend on your company profit and management approval. Normally It will be between 10-20% on CTC.
From India, Pune

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2021 CiteHR.Comô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server