PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Doctor Siva Global Hr
Use factoHR and automate your HR processes
Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.
Increments are generally voluntary motivational financial increase given by employers considering their business performance. ( Note: There are certain annual increments arising out of Settlements under Industrial Disputes Act 1947 or by way of Awards of Industrial Tribunals for those who are covered under ID Act. These increments are mandatory and can be claimed if not paid) In the absence of any settlement or award, any oral promise is a mere hope or motivation given to employees. No suit will be possible for such oral announcements. It is discretion of the organization and depends on how best the business and financial performance that is achieved post Covid etc. But at least the Manager is positive and hopeful which is subject to many factors and probabilities probably. Look for the best and many companies struggle to come back from Covid setbacks and both Employers and Employees to have transparent communication on what is possible and not possible. As well there should be excellent mutual cooperation at this time of recovering back to normal
Doctor Siva Global HR
From India, Chennai