Hello, I would like to know what is the average salary increment across different roles in the IT software Industry for this year 2014?
From India, Calcutta
3From India, Calcutta
Today’s news article says anyone changing jobs will get around 24% increment. So i think the companies will also need to finally match the same to retain the good employees.
From India, Mumbai
From India, Mumbai
Planning of salary increments is generally based on the following factors in companies focused on retention of good people:
1. Compensating for increase in cost of living 2. Performance linked remuneration 3. Market based adjustments (for those who joined at low salaries, but are performing well) 4. Length of service in the company (ie, loyalty factor). For each employee, these four factors are listed out & the sum total of increase is calculated. This increase is then regulated keeping in view the overall budgets.
For some employees, especially the freshers/ trainees (awaiting confirmation), the increase in CTC may be 40 - 50%, while the Senior lot, who are already at par with the market, may be getting 10 - 12 %. Therefore, average increase in CTC of employees tends to be related more to the budgets of a company. If a company has performed well, the salary budgets will be proportionately higher and the employees are likely to get higher increments.
When someone gives a figure of 10 - 15 % average increment in the IT sector, it does not mean that you can blindly follow these norms. You have to work out details for your own company in a rational & scientific manner. 'EmpXtrack' is a tool that helps organizations in following an analytic approach.
From India, Delhi
1. Compensating for increase in cost of living 2. Performance linked remuneration 3. Market based adjustments (for those who joined at low salaries, but are performing well) 4. Length of service in the company (ie, loyalty factor). For each employee, these four factors are listed out & the sum total of increase is calculated. This increase is then regulated keeping in view the overall budgets.
For some employees, especially the freshers/ trainees (awaiting confirmation), the increase in CTC may be 40 - 50%, while the Senior lot, who are already at par with the market, may be getting 10 - 12 %. Therefore, average increase in CTC of employees tends to be related more to the budgets of a company. If a company has performed well, the salary budgets will be proportionately higher and the employees are likely to get higher increments.
When someone gives a figure of 10 - 15 % average increment in the IT sector, it does not mean that you can blindly follow these norms. You have to work out details for your own company in a rational & scientific manner. 'EmpXtrack' is a tool that helps organizations in following an analytic approach.
From India, Delhi
Hii, Please tell me how much can an employee demand this year as the company has not given increment since past 2 years.
From India, Mumbai
From India, Mumbai
Increments are given by the company if they have budgets; employees can not demand anything. But surely they can give a notice for separation from the company & quit for higher remuneration. I am not sure if your organization has mentioned anywhere in your appointment letter that getting an increment every year is a pat of your employment contract. Please verify.
From India, Delhi
From India, Delhi
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