HR Zone » Performance Assessment » YEARLY SALARY INCREMENT
2517 Views
2 Replies
2517 Views
2 Replies
YEARLY SALARY INCREMENT
Type: HR, Report if not a HR topic
Posted 21-06-2011Reply
DEAR ALL,
CAN U TELL ME WHAT IS CALCULATION OF SALARY INCREMENT..
THANKS
KUNDAN
Source: kundanmahale@gmail.com
Dear Kundan,
Salary increment is based on your performance usually 20-30% salary is increased after 6 or 12 months. It is also depend on your performance and policy of organisation.
specially in sales job salary increment is done on considering your achieved target.
Thanx
Regards,
Preeti
Salary increment is based on your performance usually 20-30% salary is increased after 6 or 12 months. It is also depend on your performance and policy of organisation.
specially in sales job salary increment is done on considering your achieved target.
Thanx
Regards,
Preeti
Increment depends on your company policies. Usually there are Annual or Semi-annual increments. As mentioned, increments depends on the results of the PMS. Usually it is a percentage which is calculated on the basis of various parameters which indicated your performance. Usually a slab made for the different parameters in the the performance/productivity variability. say for instance for a person who's productivity was 60% compared to the set KPAs, his increment would be 8%, now someone with 90% gets 12%, another with 100% gets 15%. At times you would have certain employees scoring above 100%, for these employees, a special increment is set which is added to the 15% increment, being 15% the slab for 100% efficiency. usually another 10% max increment is added to the incremented value....... This is the usual trend, again it depends from one company to the other my friend.
Thanks,
Kevin
Thanks,
Kevin