What Is Min Percentage For Salary Increment

arumuganainar
Can Any One Help Me
What Is The Min Percentage For Salary Increment
Whether Any Calculation Is There Or The Management Will Decide.
Rgds
Nainar
Rajat Joshi
HI Nainar,
It is decided by the Management based on the performance criteria and the budget allocated based on the Business plans and indicators.
Also, for certain positions it is based on the market trends to retain them.
Regards,
Rajat
mpads
Hello Nainar,
It is the prerogative of the management to decide on the percentage. As mentioned by Sowmya, it is between 8 and 10 in most companies. It was 20+ till recently, thanks to global price rise that prompted many companies to go on a cost-cutting spree, including this downward trend.
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