Dear HR Gurus, I am working at a German MNC in Pune, Maharashtra. I would like to know the current increment percentage rate in the manufacturing industry for planning the increments for the year 2011. Additionally, I am seeking advice on how to calculate the increment percentage. Please assist me with this.
Thanks in advance.
Regards,
Girish Musale
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From Spain
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Thanks in advance.
Regards,
Girish Musale
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From Spain
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Try to contact the HR managers of the local companies within your industrial area. You will get more accurate figures from there.
Using the Bell Curve Appraisal Method
In case your organization has a Bell Curve appraisal and increment method, you can use the current inflation rate as the standard increment. Employees with better performance can be given higher increments based on their performance and the total budget that the company has to offer in increment amounts.
From India, Ahmadabad
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35Using the Bell Curve Appraisal Method
In case your organization has a Bell Curve appraisal and increment method, you can use the current inflation rate as the standard increment. Employees with better performance can be given higher increments based on their performance and the total budget that the company has to offer in increment amounts.
From India, Ahmadabad
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Dear Girish ji, The Minimum increment percentage is 10%. If you are in HR Profession you may issue performance Appraisal and based on that arrive % based on increments. Regards. PBS KUMAR
From India, Kakinada
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From India, Kakinada
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Dear Girish, the minimum is 10% and the maximum is 12% in our unit. In some cases, you can increase your percentage, and you can give an increment on CTC or on basic. If you are giving an increment on CTC, you have to adjust all components like HRA, Conveyance, LTA, and Medical. Your company might have some guidelines regarding all the above components; you can refer to those guidelines, or else you have to establish such guidelines.
From India, Pune
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From India, Pune
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Dear Girish,
Our company has a policy of adjusting the increment percentage based on the grades assigned by the respective HOD to the employee. These grades range from A to E, where A represents superior performance, and E indicates inferior performance.
Employees with an A grade will receive a 15% raise (7.5% assumed inflation + 7.5% additional for best performance), while those with an E grade will receive a 7.5% raise (7.5% assumed inflation + 0% additional).
Regards,
Sachin Wani
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From France, Issy-les-moulineaux
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Our company has a policy of adjusting the increment percentage based on the grades assigned by the respective HOD to the employee. These grades range from A to E, where A represents superior performance, and E indicates inferior performance.
Employees with an A grade will receive a 15% raise (7.5% assumed inflation + 7.5% additional for best performance), while those with an E grade will receive a 7.5% raise (7.5% assumed inflation + 0% additional).
Regards,
Sachin Wani
[Phone Number Removed For Privacy Reasons]
From France, Issy-les-moulineaux
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Dear All, Thank you so much!!! feeling lucky to be associted with Cite HR Group, one thing oi want to get clear from you that % rate is differ with the indystry segment or what??? Regards, Girish
From Spain
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From Spain
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Greetings, the increment depends on the company budget. It is aligned with the market only to make it competitive. This will remain specific to the values of the company. Few firms may believe in disbursing a higher take-home, whereas others may focus on long-term benefits through deferred compensation plans such as superannuation, ESOP, and others.
Regards,
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From India, Mumbai
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Regards,
Cite Contribution
From India, Mumbai
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Performance Appraisal Methods.doc