Dear HR`s,
I have one doubt ,
1) is giving Salary hike is statuary requirement or motivational factor ?
2)is DA increase is it compulsory?
3)what factor should be considered while salary hike ?
Please reply.
From India, Bangalore
I have one doubt ,
1) is giving Salary hike is statuary requirement or motivational factor ?
2)is DA increase is it compulsory?
3)what factor should be considered while salary hike ?
Please reply.
From India, Bangalore
604
I agree with what sir have said ,
salary hike is not mandatory , but yes it motivates employee , and also it helps to create a harmony between labour and employer,
DA hike is not mandatory in private company , many companies now a days dont give DA, provided they have other lucrative alternatives , which would help them in compensating the rise in standard of living , just like DA. Increment is must for Central govmnt and state govmnt .It happens twice in a year..
For salary hike most prominent tool is Performance Measurement system or PMS etc.
Wage Survey , Wage Boards , etc are also other tools.
From India, Calcutta
salary hike is not mandatory , but yes it motivates employee , and also it helps to create a harmony between labour and employer,
DA hike is not mandatory in private company , many companies now a days dont give DA, provided they have other lucrative alternatives , which would help them in compensating the rise in standard of living , just like DA. Increment is must for Central govmnt and state govmnt .It happens twice in a year..
For salary hike most prominent tool is Performance Measurement system or PMS etc.
Wage Survey , Wage Boards , etc are also other tools.
From India, Calcutta
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Salary hike projection.doc