Dear Seniors and CiteHR Members,
Happy New Year !
I need your suggestions. So far,we were having Employee appraisals a year from their date of joining . Now, we are planning to get all the appraisals to one particular month of the year(Jan). I have already started the process of reviews 8 months back.
Two things that I am a bit stuck in are:
1. Calculating the increment percentage for Employees whose appraisals were already done.,(although ,we planned to get the cycle to jan, we had done the increment for employees upto the month of Aug; sept onwards it is pending).
for ex: employees whose increment were done in the month of Aug 2014 will get an increment again in Jan 2015 (7mnths ahead if the original cycle of appraisals were followed)- [ there is a score and an increment slab with it]
ex: Again employees whose increment fall in September but were pushed to Jan. What will be their increment percentage?
2.Will there be any Tax implications, now that investments by employees have already been done and with this increment in Jan,will it affect their Tax?
Seniors, Please help me out.
Thanks & Regards
Happy New Year !
I need your suggestions. So far,we were having Employee appraisals a year from their date of joining . Now, we are planning to get all the appraisals to one particular month of the year(Jan). I have already started the process of reviews 8 months back.
Two things that I am a bit stuck in are:
1. Calculating the increment percentage for Employees whose appraisals were already done.,(although ,we planned to get the cycle to jan, we had done the increment for employees upto the month of Aug; sept onwards it is pending).
for ex: employees whose increment were done in the month of Aug 2014 will get an increment again in Jan 2015 (7mnths ahead if the original cycle of appraisals were followed)- [ there is a score and an increment slab with it]
ex: Again employees whose increment fall in September but were pushed to Jan. What will be their increment percentage?
2.Will there be any Tax implications, now that investments by employees have already been done and with this increment in Jan,will it affect their Tax?
Seniors, Please help me out.
Thanks & Regards