Dear Seniors,
Please advice us on the industrial annual increment trends in percentage/what is the percentage of general increment in current scenario
How should a 18 year old Indian company of more or less 70 employees give annual hike (in percentage) to its employees. We are a company with more or less 2,50,000 salaries per month.
Say for Eg:
salaries per month * Year = salaries per year
Rs.2,50,000 * 12 = Rs.30,00,000
If annual increment is 12% overall
salaries per month + 12% increment * Year = salaries per year
Rs.2,50,000 + 30000 * 12 = Rs.33,60,000
I want to know what is the current overall percentage for companies annual increments.
Please send us any links, supporting documents, surveys conducted or any kind of related literature at jagdishraoc@gmail.com
Regards,
Jagdish
From India, Bangalore
4Please advice us on the industrial annual increment trends in percentage/what is the percentage of general increment in current scenario
How should a 18 year old Indian company of more or less 70 employees give annual hike (in percentage) to its employees. We are a company with more or less 2,50,000 salaries per month.
Say for Eg:
salaries per month * Year = salaries per year
Rs.2,50,000 * 12 = Rs.30,00,000
If annual increment is 12% overall
salaries per month + 12% increment * Year = salaries per year
Rs.2,50,000 + 30000 * 12 = Rs.33,60,000
I want to know what is the current overall percentage for companies annual increments.
Please send us any links, supporting documents, surveys conducted or any kind of related literature at jagdishraoc@gmail.com
Regards,
Jagdish
From India, Bangalore
JagguuBhai,
Increments are given as per performance of the business and profits earnings. You have to setoff one budget and then divide into different classification of salary grades slabs in management and workers.
Then you have to decide rationale or logic of what budget shall be allocated to which department according to their contribution to the profit making and in what catagory of grades what percentage will be distributed for actual performance grade A.B.C.D.
This method will beuseful.
Badlu
From Saudi Arabia
Increments are given as per performance of the business and profits earnings. You have to setoff one budget and then divide into different classification of salary grades slabs in management and workers.
Then you have to decide rationale or logic of what budget shall be allocated to which department according to their contribution to the profit making and in what catagory of grades what percentage will be distributed for actual performance grade A.B.C.D.
This method will beuseful.
Badlu
From Saudi Arabia
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