Could you please furnish the general policy on the sanction of increments on an annual percentage basis? The percentage basis could be reasonable, such as 5%, 8%, 10%, or 12%, or it could be based on the Cost of Living/Minimum wages of the relevant scheduled employment.
I believe a company should consider the CTC inclusive of the employer's contribution to PF, PF administrative charges, ESI, ESI administrative charges, and similar factors when deciding on increments and promotions.
Reasonable Intervals for Promotions
In general, what intervals, such as 5 years or 7 years, are considered reasonable for giving promotions?
While it can be argued that these decisions are based on management policy, it would be helpful to know the most widely acceptable practices.