Hi, What could be the percentage hikes in salaries this year. I work in a IT company and we have our salary linked appraisals in June/July time frame. If I could get some idea. Thanks, Payal
From India, Delhi
2From India, Delhi
Hi Shringarika, Well I don’t think so. Last year the hikes were pretty good. This year it will be tight. -Payal
From India, Delhi
From India, Delhi
Salary hikes will definitely be affected due to the appreciation in rupee but i think it would be consistent with those of the previous year Others pls comment! Shringarika
ya you are correct but it also depends upon the revenue generated by your particular organization. Its just a thought!
Hi Payal,
If you are tigress (Champ) in your team then you can have a good appraisal around 25 -30%, if not then limit your expectations in between the 15-20.
Most often company comes up with an interim salary hike for the good employees in order to retain good employees.
Check your self..... Companies want good work & then they reward accordingly.
Rupee appreciation has been discounted in the market now the companies are making provision against the same,,,, when some one enters into the RC.(Red Contract )
Well it also depends in which Co. you are working , Job Profile, etc..
Regards
Rakesh Kukreja
+91-9891608516
If you are tigress (Champ) in your team then you can have a good appraisal around 25 -30%, if not then limit your expectations in between the 15-20.
Most often company comes up with an interim salary hike for the good employees in order to retain good employees.
Check your self..... Companies want good work & then they reward accordingly.
Rupee appreciation has been discounted in the market now the companies are making provision against the same,,,, when some one enters into the RC.(Red Contract )
Well it also depends in which Co. you are working , Job Profile, etc..
Regards
Rakesh Kukreja
+91-9891608516
Hi Payal,
The salary depends upon the performance appraisal score that you get and the final score after bel curve...the percentage slab is decided by the co. depending upon the yearly turn over( as very well said by Rakesh)..then if they go go for market allignment then u can expect good salary...
Rgards
Farid :lol: :lol: :P :P
From India, New Delhi
The salary depends upon the performance appraisal score that you get and the final score after bel curve...the percentage slab is decided by the co. depending upon the yearly turn over( as very well said by Rakesh)..then if they go go for market allignment then u can expect good salary...
Rgards
Farid :lol: :lol: :P :P
From India, New Delhi
HI Farid,
I have a question?If u dont mind....
I wonder if Rakesh is right, then the best employee gets 30-40%hike. and others get 15-20%.. then how can you use the bell curve..
whats the use...
when we already know how much hike are we going to give to the employees???
am i right?
Regards,
Geeta
From India, Mumbai
I have a question?If u dont mind....
I wonder if Rakesh is right, then the best employee gets 30-40%hike. and others get 15-20%.. then how can you use the bell curve..
whats the use...
when we already know how much hike are we going to give to the employees???
am i right?
Regards,
Geeta
From India, Mumbai
Hi Geeta,
30-40% hike for the Best Employee is not fixed.... Actually it has no limits, Whether the guy is in the operations / sales front etc .. Each process / End has its own value... company avoid to get a new employee ,,, training ,,lots of etc.
Yes.. you are right the person itself knows how much increment he will be having in future wrt his work.....
Some times good employee his under valued due to his/ her late back attitude .. One should immediately respond to the discrimination /s .
30-40% hike for the Best Employee is not fixed.... Actually it has no limits, Whether the guy is in the operations / sales front etc .. Each process / End has its own value... company avoid to get a new employee ,,, training ,,lots of etc.
Yes.. you are right the person itself knows how much increment he will be having in future wrt his work.....
Some times good employee his under valued due to his/ her late back attitude .. One should immediately respond to the discrimination /s .
Payal,
Do tel about your company - IT (Hardware / Software) ???? Then only one can answer your question accurately.
IT Segments has different growth trends.... & reward policies.
Well apart from the working hard do smart job also... You will be having goooooooooooooooooooood Hikeeeeeeeeeeeeeee.
Rgds/- Kukreja, Rakesh
Do tel about your company - IT (Hardware / Software) ???? Then only one can answer your question accurately.
IT Segments has different growth trends.... & reward policies.
Well apart from the working hard do smart job also... You will be having goooooooooooooooooooood Hikeeeeeeeeeeeeeee.
Rgds/- Kukreja, Rakesh
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Salary-Note.doc
SALARY SHEET CALCULATION.xls