Hi Guys,
Its the appraisals time.
Attrition is very meagre at our office...the seniors are becoming even more senior...but the designations are stagnated..so no additional responsibility/ work can be allocated. But the salaries are hiked during annual appraisals every year based on the revenue.
Now the question is inspite of srengthening the sales team interms of man power and salary..we could get very little work this year and can say couldnt even reach break even...its in loss......and yes, appraisals again....iam very confused.......cause i cannot terminate or lay off employees as they are emotionally attached with the company..and are working from quite sometime..and are well trained during bench hours but i cannot hike their salaries according to the market standards as the company is in loss......
How do you think this situation is handled?? coz it is not employees mistake for we have not provided them work....otherwise they all were performing well when provided with work.....
I request all the seniors to please come out with your solutions..
Thanking in anticipation.......
Regards,
Sari
Its the appraisals time.
Attrition is very meagre at our office...the seniors are becoming even more senior...but the designations are stagnated..so no additional responsibility/ work can be allocated. But the salaries are hiked during annual appraisals every year based on the revenue.
Now the question is inspite of srengthening the sales team interms of man power and salary..we could get very little work this year and can say couldnt even reach break even...its in loss......and yes, appraisals again....iam very confused.......cause i cannot terminate or lay off employees as they are emotionally attached with the company..and are working from quite sometime..and are well trained during bench hours but i cannot hike their salaries according to the market standards as the company is in loss......
How do you think this situation is handled?? coz it is not employees mistake for we have not provided them work....otherwise they all were performing well when provided with work.....
I request all the seniors to please come out with your solutions..
Thanking in anticipation.......
Regards,
Sari