I work for a Korean MNC company that specializes in auto component manufacturing, with an overall employee strength of less than 100. At our headquarters in Korea, they follow the calendar year from January to December for the annual increment process. On the Indian side, we have been using the standard method of April to March. However, my management has now requested me to align our policy with the January to December timeline.
I would appreciate your support in determining the cutoff date for eligibility and providing some guidelines for policy creation.
Thanks and warm regards,
AKG
Acknowledge(0)
Amend(0)
I would appreciate your support in determining the cutoff date for eligibility and providing some guidelines for policy creation.
Thanks and warm regards,
AKG
Acknowledge(0)Amend(0)
You can take all confirmed employees and/or over 6 months as eligibility criteria as on 31st Dec.
From India, Ahmadabad
Acknowledge(0)Amend(0)
747From India, Ahmadabad
Acknowledge(0)Amend(0)
Increment, performance review, confirmation, etc., are all internal policies of the company. There is nothing to stop you from shifting the appraisal and increment dates to January. You can keep everything else the same, just shift the dates of the review and implementation of the increment.
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Year calendar.pdf
Increment Policy 2008-09 PPT.ppt
COM102 Annual Leave Policy 2009.doc