Hi, I work in a small IT firm consisting of 4 employees, because of the limitation of small structure I work in multi profiles as branch head, HR, admin, etc. I would like to seek expert advice on the following situation that we face :
Junior pay scale employee- X, joined the firm 6 months back. At the time of joining he demanded for 1.8L ctc which he was not eligible, with his quality profile. Company offered 1.56L Ctc and assured that his salary will be revised to 1.8 L after the completion of 6 months probation that too with this performance levels.Now 6 months are over, his performance was just upto satisfactory level and agreed salary revision is about to take place.
Now X have come up with other company offer letter and bargaining for more salary hike by saying personal financial reasons. The offer letter shows 2.8 L, which is 80% hike from current ctc.
X is an average employee, since the team size is small company has to think more on Resignation or Hike.
How can I tackle the situation?
- Should we negotiate with further hikes?
- Day before this X have seen his colleague's(friend) payslip, which would have resulted in this bargain?
- We don't have bound in company(Thinking to implement)
- If we accept his resignation- Should I mention about this scenario during his background verification process to other company HR/consultant?
Eagerly waiting to hear from experts.
Regards,
Dazz
Junior pay scale employee- X, joined the firm 6 months back. At the time of joining he demanded for 1.8L ctc which he was not eligible, with his quality profile. Company offered 1.56L Ctc and assured that his salary will be revised to 1.8 L after the completion of 6 months probation that too with this performance levels.Now 6 months are over, his performance was just upto satisfactory level and agreed salary revision is about to take place.
Now X have come up with other company offer letter and bargaining for more salary hike by saying personal financial reasons. The offer letter shows 2.8 L, which is 80% hike from current ctc.
X is an average employee, since the team size is small company has to think more on Resignation or Hike.
How can I tackle the situation?
- Should we negotiate with further hikes?
- Day before this X have seen his colleague's(friend) payslip, which would have resulted in this bargain?
- We don't have bound in company(Thinking to implement)
- If we accept his resignation- Should I mention about this scenario during his background verification process to other company HR/consultant?
Eagerly waiting to hear from experts.
Regards,
Dazz