Hi All,
I have started HR department in an IT company. I have approx 3 years of exp but have no prior exp in doing the PMS.
I need to understand that what should be the growth rate of an employee in terms of salary through out the year i.e. what is the percentage hike that should be given to the employees.
Also, what is the Industry average in this case?
We have currently decided upon a growth rate of 17.5% - 18.5% of top performers....is this decent enough?
I seek suggestions and help from all the fellow members...kindly help.
Regards,
Bhavna
I have started HR department in an IT company. I have approx 3 years of exp but have no prior exp in doing the PMS.
I need to understand that what should be the growth rate of an employee in terms of salary through out the year i.e. what is the percentage hike that should be given to the employees.
Also, what is the Industry average in this case?
We have currently decided upon a growth rate of 17.5% - 18.5% of top performers....is this decent enough?
I seek suggestions and help from all the fellow members...kindly help.
Regards,
Bhavna