Dear Sir, What are the slabs of increment after compilation of the APAs for the year, which other companies follow ?
What are the advantages / disadvantages if a company follows:
1. release a uniform 9% increment to all employees;
2. a two-tier grading and increment policy, where 70% workforce is graded in A-grade with 9% increment and 30% in B-grade with 7% increment;
3. a three-tier grading and increment policy, where 15% workforce is graded in A-grade with 10% increment; 75% in B-grade with 9% increment; and 10% in C-Grade with 8% increment.
The CTC after the incremental increase on 2 & 3 above is 9.1% i.e. almost same.
Please enlighten.
What are the advantages / disadvantages if a company follows:
1. release a uniform 9% increment to all employees;
2. a two-tier grading and increment policy, where 70% workforce is graded in A-grade with 9% increment and 30% in B-grade with 7% increment;
3. a three-tier grading and increment policy, where 15% workforce is graded in A-grade with 10% increment; 75% in B-grade with 9% increment; and 10% in C-Grade with 8% increment.
The CTC after the incremental increase on 2 & 3 above is 9.1% i.e. almost same.
Please enlighten.