"What is the typical annual increment for an employee who has been continuously working for five years? I've heard that as an employee's experience grows, their rate of salary growth tends to slow down. Is this true?"
From India, Hyderabad
From India, Hyderabad
Hi
Here number of years is not the primary criteria but performance of the employee for the period under review. An employee who is working for more than five years if not that productive or he /she is a average performer then good increment will not be awarded based on 5 years service alone. What counts is the performance.
The other perspective is when the salary of an employee increases on yearly basis the percentage of increment will go down compared to Juniors increment % as their salary will be less compared to Seniors.
From India, Madras
931Here number of years is not the primary criteria but performance of the employee for the period under review. An employee who is working for more than five years if not that productive or he /she is a average performer then good increment will not be awarded based on 5 years service alone. What counts is the performance.
The other perspective is when the salary of an employee increases on yearly basis the percentage of increment will go down compared to Juniors increment % as their salary will be less compared to Seniors.
From India, Madras
Hi
Added to the above salary hikes are company specific. It depends on the performance of the company vis-à-vis performance of the individual employee. There is no scale. But in general employers tend to match industry norms based on the projects/work in hand.
From India, Madras
Added to the above salary hikes are company specific. It depends on the performance of the company vis-à-vis performance of the individual employee. There is no scale. But in general employers tend to match industry norms based on the projects/work in hand.
From India, Madras
The annual increment for an employee, regardless of the number of years of service, is primarily based on performance rather than tenure. As per our company policy, salary hikes are directly linked to the Performance Management System (PMS) rating, ensuring that employees who consistently perform well are rewarded accordingly.
While experience and years of service are valued, they do not directly determine salary growth. However, we do recognize long service and loyalty through awards, such as a one-month gross or basic salary bonus, once a certain milestone in service is completed.
In short, salary progression is performance-driven, and tenure is rewarded through other recognition programs.
From India, Karimnagar
While experience and years of service are valued, they do not directly determine salary growth. However, we do recognize long service and loyalty through awards, such as a one-month gross or basic salary bonus, once a certain milestone in service is completed.
In short, salary progression is performance-driven, and tenure is rewarded through other recognition programs.
From India, Karimnagar
The best typical annual increment is based upon the rate of inflation from the last year to till now.
The employer need to add up the % of inflation at minimum and give an additional amount matching the performance of the employee.
From India, Mumbai
The employer need to add up the % of inflation at minimum and give an additional amount matching the performance of the employee.
From India, Mumbai
Dear Member,
Please do not assess the Performance of your Employee based on the views of this Forum members.Increment depends upon the performance of Employee as per your Performance appraisal System, as per Industry Standards. By the way after Completion of 5 Years of Service, Employees out put has come down. Please do not use Increment to address the issue of Low performance. Are you an Employer? Please reply
From India, New Delhi
Please do not assess the Performance of your Employee based on the views of this Forum members.Increment depends upon the performance of Employee as per your Performance appraisal System, as per Industry Standards. By the way after Completion of 5 Years of Service, Employees out put has come down. Please do not use Increment to address the issue of Low performance. Are you an Employer? Please reply
From India, New Delhi
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