Hello Friends - my current company does not practice giving annual increments for over 10 years, I am new in this company and I would like to propose to my boss to consider giving bi-annually annual increments to staff. If you have done any of this proposal or something similar to what I am proposing, I hope you can share it with me. Thank you - Evelyn
From Singapore, Singapore
From Singapore, Singapore
A proposal is based on the company and its business.
I don't think we can help you with that.
But it seems to be a very simple thing. You need to decide how much increment you wish to give, whether fixed or in percentage, and back it up with financial impact, compared to revenue and profit and how the market rate of the salaries have been going up int hat industry.
The other supporting data would be how entry level salaries in your own company have been going up every year, and how people who left were replaced with those getting higher salary than the one who left.
From India, Mumbai
2383I don't think we can help you with that.
But it seems to be a very simple thing. You need to decide how much increment you wish to give, whether fixed or in percentage, and back it up with financial impact, compared to revenue and profit and how the market rate of the salaries have been going up int hat industry.
The other supporting data would be how entry level salaries in your own company have been going up every year, and how people who left were replaced with those getting higher salary than the one who left.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Proposal.doc