Dear All
Would like to put across a query to you all……….
What kind of a compensation & increment policy do organizations have for people who have been with the company for a long time, say for atleast more than 5 years (chances that they will remain in the company till retirement being very high), but whose roles have not changed, have remained the same for all the years and will remain the same.
For eg: A front Office Executive who is good in her role and who is not willing to take up any new responsibilities, therefore, cannot be laterally moved nor could there be any further role enrichment, and additionally who may have already reached the limit of remuneration as per the market rates.
How does one determine the increase in compensation for such kind of individuals or roles?
Please do give your comments on the same.
Would like to put across a query to you all……….
What kind of a compensation & increment policy do organizations have for people who have been with the company for a long time, say for atleast more than 5 years (chances that they will remain in the company till retirement being very high), but whose roles have not changed, have remained the same for all the years and will remain the same.
For eg: A front Office Executive who is good in her role and who is not willing to take up any new responsibilities, therefore, cannot be laterally moved nor could there be any further role enrichment, and additionally who may have already reached the limit of remuneration as per the market rates.
How does one determine the increase in compensation for such kind of individuals or roles?
Please do give your comments on the same.