Dear All,
I need urgent guidance from the seniors.
In the Organization , i am working , we have a very lengthy increment procedure.
We give 7% inflation amount to all employees at the time of increment.
Secondly , we compare the salaries of people same designations and give " Correction Amount" to equate the salaries. This is a very lengthy procedure to present to management every time for approvals.
Thirdly comes the performance rating.
My query is - is it necessary to compare salaries each time increment is given ?
Salary is offered on the last salary drawn, someone's last salary may be 10 K and someone's may be 13 K for eg., then there may be some situations that some employee is hired by offering higher salary, some employee may be excellent so as to offer high salary to make him join the company.
Kindly guide should this practice of comparing salaries be continued ?
Thanks & Regards.
I need urgent guidance from the seniors.
In the Organization , i am working , we have a very lengthy increment procedure.
We give 7% inflation amount to all employees at the time of increment.
Secondly , we compare the salaries of people same designations and give " Correction Amount" to equate the salaries. This is a very lengthy procedure to present to management every time for approvals.
Thirdly comes the performance rating.
My query is - is it necessary to compare salaries each time increment is given ?
Salary is offered on the last salary drawn, someone's last salary may be 10 K and someone's may be 13 K for eg., then there may be some situations that some employee is hired by offering higher salary, some employee may be excellent so as to offer high salary to make him join the company.
Kindly guide should this practice of comparing salaries be continued ?
Thanks & Regards.