Hi all,
I have a company of 60 employees in India for last 7 years where, we have various departments. Software development. Testing, Support, Sys Admin and BPO.
We wanted to maintain a common salary structure in the company and the confusion started when the developers felt they deserved to be paid more than a BPO department.
Current Salary Structure:
Table 1: Hike percentage after an year
Grade Hike Percentage
Below Expectations 0
Meets Expectations 10 % - 20%
Exceeds Expectations 21% - 30 %
Outstanding Performance 31% - 40 %
Table 2:Hike percentage after year two and onward
Grade Hike Percentage Additional Components
Below Expectations 0 0
Meets Expectations 10% - 20% 0
Exceeds Expectations 21% - 25% Bonus Amount - 30000
Outstanding Performance 26% - 30% Bonus Amount - 50000
*Bonus – Employees will be eligible for bonus after confirmation or in second year of their service.
In case, we hire experienced person, then that person will fall under “Year 2 and onwards” slab of appraisals.
Considering our company is based in Delhi(cost of living is high), and the BPO team is of 20 employees, what salary structure can you all suggest. I have had a look at various website, trying to understand BPO salary hikes, however, it will not be fair to compare to those standards as my company is very small in size.
I have a company of 60 employees in India for last 7 years where, we have various departments. Software development. Testing, Support, Sys Admin and BPO.
We wanted to maintain a common salary structure in the company and the confusion started when the developers felt they deserved to be paid more than a BPO department.
Current Salary Structure:
Table 1: Hike percentage after an year
Grade Hike Percentage
Below Expectations 0
Meets Expectations 10 % - 20%
Exceeds Expectations 21% - 30 %
Outstanding Performance 31% - 40 %
Table 2:Hike percentage after year two and onward
Grade Hike Percentage Additional Components
Below Expectations 0 0
Meets Expectations 10% - 20% 0
Exceeds Expectations 21% - 25% Bonus Amount - 30000
Outstanding Performance 26% - 30% Bonus Amount - 50000
*Bonus – Employees will be eligible for bonus after confirmation or in second year of their service.
In case, we hire experienced person, then that person will fall under “Year 2 and onwards” slab of appraisals.
Considering our company is based in Delhi(cost of living is high), and the BPO team is of 20 employees, what salary structure can you all suggest. I have had a look at various website, trying to understand BPO salary hikes, however, it will not be fair to compare to those standards as my company is very small in size.