How Should We Decide on Employee Increment Criteria and Performance Appraisal?

Criteria for Employee Increments

Hello all HR Team Members, I am Ashwini, Assistant HR Manager of an IT Company. The management of the company is considering giving increments at the end of the financial year. What will be the criteria/parameters for the increment of the employees? What will be the parameters in case of non-increment?

Suggestions for Performance Appraisal Criteria

Additionally, please suggest some performance appraisal criteria that I can add to the Monthly Performance Appraisal.

Thanks to all in advance...!!!

Next year onwards, please have well-defined KRAs for all designations/departments so that performance can be easily quantified and employees are satisfied with the same. For this year, you can rate employees based on some basic responsibilities and behaviors (such as target vs. achievement, deadlines, punctuality, etc.).

Hope this helps!

Regards,
Kanika