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YEARLY SALARY INCREMENT
Kundan
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Posted 21-06-2011Reply

DEAR ALL,



CAN U TELL ME WHAT IS CALCULATION OF SALARY INCREMENT..



THANKS

KUNDAN



Source: kundanmahale@gmail.com
Preeti
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  Rated 0 | Posted 21-08-2011

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

Kevin
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  Rated 0 | Posted 28-08-2011

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

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