Hello Everybody,
Would like your expert advice and guidance in an Employee Increment related matter in my company. We have certain people in some departments who have been in the company for a long time 5+yrs, 10+yrs etc and they are at the same level at which they joined the company. Some of them are workers like Warehouse Helpers, Production Coordinators and some of them are staff like Accounts Executive, Graphic Designers, etc. Every year we give them an increment on their salaries within the range of 10-15%. Since they have been in the company for long, their salaries especially of the workers has increased quite a bit. Due to high experience in our company they know all the technicalities involved and posses good functional industrial knowledge.
For example we have an unskilled Warehouse helper who joined at a Salary of 3k drawing a current Salary of 15k, whereas in the market if he seeks another job he will get half of this.
But my question here is that can we fix a limit till which their salaries can be increased and how? Similarly for staff category incase a person is not growing vertically cant assume more responsibilities or get promoted but is doing the job of execution well is an increment justified for him/her? And can we put a cap on the maximum salary for a level beyond which increments can be stopped?
Awaiting for your valuable comments.
Regards,
Garima
Mumbai
Would like your expert advice and guidance in an Employee Increment related matter in my company. We have certain people in some departments who have been in the company for a long time 5+yrs, 10+yrs etc and they are at the same level at which they joined the company. Some of them are workers like Warehouse Helpers, Production Coordinators and some of them are staff like Accounts Executive, Graphic Designers, etc. Every year we give them an increment on their salaries within the range of 10-15%. Since they have been in the company for long, their salaries especially of the workers has increased quite a bit. Due to high experience in our company they know all the technicalities involved and posses good functional industrial knowledge.
For example we have an unskilled Warehouse helper who joined at a Salary of 3k drawing a current Salary of 15k, whereas in the market if he seeks another job he will get half of this.
But my question here is that can we fix a limit till which their salaries can be increased and how? Similarly for staff category incase a person is not growing vertically cant assume more responsibilities or get promoted but is doing the job of execution well is an increment justified for him/her? And can we put a cap on the maximum salary for a level beyond which increments can be stopped?
Awaiting for your valuable comments.
Regards,
Garima
Mumbai