Dear All In our company we promote one employee in the month of Oct-2014 with a hike of Rs 2500/- whether this person is eligible for increment for the year 2015-16. Plz help me out
From India, Bangalore
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1From India, Bangalore
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It's absolutely your management decision. We can't give a suggestion on this. You can address it by informing him that we granted you an increment in October 2014 instead of April 2015. Therefore, we will provide you with another raise in April 2016 along with all other employees. Alternatively, you can issue an increment letter stating that this raise will take effect from October 2015. Discuss this matter with your boss and make a decision accordingly.
From India, Chennai
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From India, Chennai
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yes he is eligible for the increment. But it is not his right to get the increment. The management has to take a decision based on his performance and potential.
From India, Delhi
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From India, Delhi
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Could you please furnish the general policy on the sanction of increments on an annual percentage basis? The percentage basis could be reasonable, such as 5%, 8%, 10%, or 12%, or it could be based on the Cost of Living/Minimum wages of the relevant scheduled employment.
I believe a company should consider the CTC inclusive of the employer's contribution to PF, PF administrative charges, ESI, ESI administrative charges, and similar factors when deciding on increments and promotions.
Reasonable Intervals for Promotions
In general, what intervals, such as 5 years or 7 years, are considered reasonable for giving promotions?
While it can be argued that these decisions are based on management policy, it would be helpful to know the most widely acceptable practices.
From India, Mumbai
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I believe a company should consider the CTC inclusive of the employer's contribution to PF, PF administrative charges, ESI, ESI administrative charges, and similar factors when deciding on increments and promotions.
Reasonable Intervals for Promotions
In general, what intervals, such as 5 years or 7 years, are considered reasonable for giving promotions?
While it can be argued that these decisions are based on management policy, it would be helpful to know the most widely acceptable practices.
From India, Mumbai
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Employee reference policy.doc
Increment Policy 2008-09 PPT.ppt