I wanted to know how much appraisals are dependent on the market rate and how one determines the market rate of a particular position in a particular city. My other question is regarding the current appraisal rate in the BPO sector in Gujarat. If anyone may have information about it, please share. Also, I want to add if the inflation rate is also a significant factor for appraisals.
From India, Vadodara
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1From India, Vadodara
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I wanted to know how much appraisals depend on the market rate and how one determines the market rate of a particular position in a specific city.
Current Appraisal Rate in the BPO Sector
My other question is regarding the current appraisal rate in the BPO sector in Gujarat, if anyone may have information about it.
Impact of Inflation on Appraisals
Also, I want to add if the inflation rate is also a significant factor for appraisals.
From India, Vadodara
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Current Appraisal Rate in the BPO Sector
My other question is regarding the current appraisal rate in the BPO sector in Gujarat, if anyone may have information about it.
Impact of Inflation on Appraisals
Also, I want to add if the inflation rate is also a significant factor for appraisals.
From India, Vadodara
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Market DOES NOT influence the appraisal rate. Appraisals are influenced by employee performances. Increment percent is influenced by company revenues and its profits.
From India, Mumbai
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From India, Mumbai
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Understanding Compensation and Appraisals
1. Cost of living indexation, i.e., inflation, is a part of compensation.
2. Labour arbitrage, i.e., both external and global equity, is again a part of Compensation and Benefits.
3. Appraisal is simply measuring performance; this has nothing to do with market forces.
4. Increment rates vary across companies and locations. To understand increment rates, you will need to access Hay/Towers compensation survey reports.
From India, Delhi
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1. Cost of living indexation, i.e., inflation, is a part of compensation.
2. Labour arbitrage, i.e., both external and global equity, is again a part of Compensation and Benefits.
3. Appraisal is simply measuring performance; this has nothing to do with market forces.
4. Increment rates vary across companies and locations. To understand increment rates, you will need to access Hay/Towers compensation survey reports.
From India, Delhi
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Factors Influencing Appraisals
Appraisals are based on the individual's performance, group performance, and the financial performance of the company. You can decide the weightage of these performances for appraisals to be concluded. The market rate is also an important factor that helps stave off the attrition rate. Inflation is also to be factored in while deciding the minimum increment.
Thank you.
From India, Lucknow
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Appraisals are based on the individual's performance, group performance, and the financial performance of the company. You can decide the weightage of these performances for appraisals to be concluded. The market rate is also an important factor that helps stave off the attrition rate. Inflation is also to be factored in while deciding the minimum increment.
Thank you.
From India, Lucknow
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Published_draft _rules_on Employees_ compensation 3.6.2020.pdf
Compensation Benchmarking Survey.doc