wheather a employee will be covered under yearly increamnet,suppose he had joined 7 months back. will be will be covered in that yearly increament. by sambath
From India, Madras
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From India, Madras
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Hi,
It depends on the company policy defined. Here, there are two options:
1. Yearly increments upon the completion of seven months along with others on a pro-rata basis.
2. Give an increment upon the completion of one year of service and affect the general yearly increment.
The first option is preferred for administrative purposes, and employees also feel happy and part of the organization as well.
Regards,
Rajat Joshi
From India, Pune
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108It depends on the company policy defined. Here, there are two options:
1. Yearly increments upon the completion of seven months along with others on a pro-rata basis.
2. Give an increment upon the completion of one year of service and affect the general yearly increment.
The first option is preferred for administrative purposes, and employees also feel happy and part of the organization as well.
Regards,
Rajat Joshi
From India, Pune
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Hi Sampath,
Increment purely depends on your company policy. It does not have any rules that an employee who has not completed one year of service should not be given an increment.
See and review the individual's performance. If the performance is on a very high note, then give an increment. It will be good motivation for an employee to continue his/her job.
Regards,
Devarajan
From India, Madras
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Increment purely depends on your company policy. It does not have any rules that an employee who has not completed one year of service should not be given an increment.
See and review the individual's performance. If the performance is on a very high note, then give an increment. It will be good motivation for an employee to continue his/her job.
Regards,
Devarajan
From India, Madras
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No rule for the same.
Generally, manufacturing companies have a rule that if a person completes 6 months or more as of March 31, 2007 (you can consider December if you prefer), they will be eligible for an increment, which is paid with effect from the upcoming month of April (in this case, April 2007).
We used to pay a variable incentive based on the number of months the employee has worked in the previous year. However, you need to be careful with those who joined your company between the previous revision cutoff and the current cutoff date - in such cases, you need to pay for a minimum of 6 months or a maximum of 18 months.
P.S. - Isn't an increment prospective and not retrospective?
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Generally, manufacturing companies have a rule that if a person completes 6 months or more as of March 31, 2007 (you can consider December if you prefer), they will be eligible for an increment, which is paid with effect from the upcoming month of April (in this case, April 2007).
We used to pay a variable incentive based on the number of months the employee has worked in the previous year. However, you need to be careful with those who joined your company between the previous revision cutoff and the current cutoff date - in such cases, you need to pay for a minimum of 6 months or a maximum of 18 months.
P.S. - Isn't an increment prospective and not retrospective?
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Employee Performance.pdf
Employee reference policy.doc