Hi All!
Everybody is under process of annual perfomance assessment. We have successfully introduced performance appraisal system in our organization.
I wish to know on what basis the Increment percentage calculated.
Thanks & Regards,
Rahul Vaidya
From India, Pune
1Everybody is under process of annual perfomance assessment. We have successfully introduced performance appraisal system in our organization.
I wish to know on what basis the Increment percentage calculated.
Thanks & Regards,
Rahul Vaidya
From India, Pune
Increment percentage will fall under the variable pay under CTC of the company..
So it solely dependent on the management's wish , that how much percentage hike they can provide to each individuals on their target achievement. HRD can propose some increment slab 10% -25% ..but that should be modified and approved by managemnt..
From India, Calcutta
So it solely dependent on the management's wish , that how much percentage hike they can provide to each individuals on their target achievement. HRD can propose some increment slab 10% -25% ..but that should be modified and approved by managemnt..
From India, Calcutta
After consultation with management, the total budget can be increased by 10% and the additional cash can be distributed as per the advice by Mr. Soumik Mukherjee based on the performance.
From India, New Delhi
From India, New Delhi
You have already introduced the performance assessment system. You may refer that system / book itself. As you know, it is all baout the perfromacne of the person for his increament. There are widely two kind field on performance. Core area ( Technical, Accounts, Finacne, Sales, Marketing..) and other is person's soft skill ( Teqam building, Drive, Analytical skill, Presentation, Conflict resolution...). Aprt from this awareness / knowledge / possesion of these field, bottom line is the achievement of the goals / targets / objective /a ctivity defined by management for that employee. There is percentage for all these attributes, defined in Performance Assessment System.
I hope, this is in line with your requriement.
Sanjay Ghiya
Reliance, RCP,
From India
I hope, this is in line with your requriement.
Sanjay Ghiya
Reliance, RCP,
From India
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Performance Appraisal Form for Staff.doc