Hi fellow HR professionals, how is a salary hike usually calculated in IT companies these days? What is the hike percentage? Is a hike calculated on CTC or gross salary? What percentage of variable pay is usually given?
Thanks,
Sarita
From India, Hyderabad
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Thanks,
Sarita
From India, Hyderabad
Acknowledge(0)Amend(0)
Salary Hike Calculation in IT Companies
1. How is a salary hike usually calculated in IT companies these days?
2. What is the hike percentage?
It's not a universal policy; this varies from company to company because it all depends on the company's progress and profitability. A company will not give any hike if it is in loss or if its profitability decreases.
3. Is a hike calculated on CTC or on gross salary?
This also varies from company to company.
4. What percentage of variable pay is usually given?
Nothing is fixed.
Thanks,
Regards,
Atul Somani
Manager Accounts
From India, Pune
Acknowledge(0)Amend(0)
721. How is a salary hike usually calculated in IT companies these days?
2. What is the hike percentage?
It's not a universal policy; this varies from company to company because it all depends on the company's progress and profitability. A company will not give any hike if it is in loss or if its profitability decreases.
3. Is a hike calculated on CTC or on gross salary?
This also varies from company to company.
4. What percentage of variable pay is usually given?
Nothing is fixed.
Thanks,
Regards,
Atul Somani
Manager Accounts
From India, Pune
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