Hi! Can anybody who have hands on experience on increment and fitment of salary exercise can comment on the following issue!
In my organization people who complete their probation period i.e. 6 months from joining, are eligible for salary review as it is done every year on 1st April every year. Means, on 31st March if anybody has a conformed service are there for the review.
In case if anybody joins on 2.10.2006 s/he is not eligible since s/he does not have confirmed service on 31.3.2007. S/he has to wait till April2008 but maximum increment will be for 12 months.
But in case anybody joins on 1 Sept 2006 , s/he will get pro-rata increment for 7 months. Considering above I want to listen how you guys deal the matter or what's your policy. Only those who is into compensation division may comments.
In my organization people who complete their probation period i.e. 6 months from joining, are eligible for salary review as it is done every year on 1st April every year. Means, on 31st March if anybody has a conformed service are there for the review.
In case if anybody joins on 2.10.2006 s/he is not eligible since s/he does not have confirmed service on 31.3.2007. S/he has to wait till April2008 but maximum increment will be for 12 months.
But in case anybody joins on 1 Sept 2006 , s/he will get pro-rata increment for 7 months. Considering above I want to listen how you guys deal the matter or what's your policy. Only those who is into compensation division may comments.