I need urgent help. I am in the stage of preparing the HR budget, and I have been asked to obtain the inflation rate for this year and the forecasted salary raise percentage. I have obtained the information regarding the inflation rate for the current year. Now, how can I calculate or propose the salary raise percentage for 2013? Is there a certain formula?
From United Arab Emirates, Dubai
Acknowledge(0)
Amend(0)
From United Arab Emirates, Dubai
Acknowledge(0)Amend(0)
There is no formula that directly links inflation and increment. The logic is simple: if an employee receives an increment of 15% and the inflation rate is 10%, then the effective increment for the employee is 5%. You can refer to the attached file; it will help you. For any further clarification, feel free to write or discuss.
Regards.
From India, Mumbai
Acknowledge(0)Amend(0)
173Regards.
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Onaraider, The percentage of hike you want to give will completely depends on your organisation’s performance, objective and budget.
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.
Salary Raise Request.doc
Myths About Raise In Salary.ppt