appraisal ...like setting of goals is the work of the immediate superior...where exactly the hr HR comes in the scene...& v imp whats the last step of appraisal....like doing mis ...so how to appraise the sal in wat %..how increment is calculated and what is the formula used for this.....Pl tell the last step in details.....Thanks in advance
From India, Gurgaon
From India, Gurgaon
Appraisal is done in variour ways ... Depends on how do you want to appraise the employee.
From India, Mumbai
From India, Mumbai
Non Executive Level :
Basic Salary is always 30 % hike of CTC offered
Appraisal depends upon what % you want to offer to an employee based on the last year Performane .
Normally the industry Standard Hike is 20 - 30 % on the CTC .
It depends how your company is apprasing the employees . Maximum company does 180 degree apprasial ( which is your reporting manager and the HR of the Company sit together with the employee. )
The scale is as per ratings:
if you get 1 - Poor ( 5 % hike or no Increment ),
2 - Fair ( 5- 10 % hike )
3- Satisfied ( 10 - 15 % hike )
4 - good 15 - 30 % hike
5- Exellent 30 % or more
DO let me know if it is helpful
Regards,
Priyanka Agarwal
From India, Mumbai
Basic Salary is always 30 % hike of CTC offered
Appraisal depends upon what % you want to offer to an employee based on the last year Performane .
Normally the industry Standard Hike is 20 - 30 % on the CTC .
It depends how your company is apprasing the employees . Maximum company does 180 degree apprasial ( which is your reporting manager and the HR of the Company sit together with the employee. )
The scale is as per ratings:
if you get 1 - Poor ( 5 % hike or no Increment ),
2 - Fair ( 5- 10 % hike )
3- Satisfied ( 10 - 15 % hike )
4 - good 15 - 30 % hike
5- Exellent 30 % or more
DO let me know if it is helpful
Regards,
Priyanka Agarwal
From India, Mumbai
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CB- Salary Structure Formula.xls