Hi,
Please help me understand how to project Salary Hike, is there any specific formula to it?
Or is it just a simple calculation of looking at the fixed ctc, benefits and bonus amount, take an average of hike% in last n number of years and then based on the avarage hike%, do the projection.
Also, what could be the factors that can influence salary hike apart from performance rating, company performance and market conditions.
How do companies calculate what hike% one should be given at the time of makig an offer?
Regard
Please help me understand how to project Salary Hike, is there any specific formula to it?
Or is it just a simple calculation of looking at the fixed ctc, benefits and bonus amount, take an average of hike% in last n number of years and then based on the avarage hike%, do the projection.
Also, what could be the factors that can influence salary hike apart from performance rating, company performance and market conditions.
How do companies calculate what hike% one should be given at the time of makig an offer?
Regard