Dear all,
This is in reference to the predefined salary slabs in the organization. After every appraisal or at the time of salary revision, the question arises: how much of a raise should be given on the basic salary? Are there specific technical parameters to decide on salary slabs, instead of a general 20% or 30% increase? The proposed raise must have an impact on the financial position of the company. How can we study the feasibility of the same? Please guide on salary slabs as for the next financial year, I want to establish predefined slabs and increments according to the slabs only.
Regards,
Swapna
Cite HR Member
Thank you!
From India, Pune
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This is in reference to the predefined salary slabs in the organization. After every appraisal or at the time of salary revision, the question arises: how much of a raise should be given on the basic salary? Are there specific technical parameters to decide on salary slabs, instead of a general 20% or 30% increase? The proposed raise must have an impact on the financial position of the company. How can we study the feasibility of the same? Please guide on salary slabs as for the next financial year, I want to establish predefined slabs and increments according to the slabs only.
Regards,
Swapna
Cite HR Member
Thank you!
From India, Pune
Acknowledge(0)Amend(0)
It mainly matters with two things - appraisal score and company profits. You need to determine the percentage of the revenue generated by the company that management is willing to share in salary costs. After the appraisal, you can plot a bell curve on appraisal scores and decide on the percentage of increment to be given at different levels.
Regards,
From India, Mumbai
Acknowledge(0)Amend(0)
Regards,
From India, Mumbai
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