Hello All,
Could someone tell me what the normal percentage hike an individual is entitled to within an organization during appraisals? Is it between 15-20% of their gross salary, or am I wrong?
Thanks,
Priscilla
From India, Bangalore
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Could someone tell me what the normal percentage hike an individual is entitled to within an organization during appraisals? Is it between 15-20% of their gross salary, or am I wrong?
Thanks,
Priscilla
From India, Bangalore
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It depends on company norms. Generally, in any appraisal, salary revision depends upon his/her contribution and value addition to the company. In our company, salary hike ranges from 5% to 50%.
Regards,
Sri
From India, Pune
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1Regards,
Sri
From India, Pune
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Hi,
It differs from company to company and depends on the employee's performance. Some companies may have a minimum/guaranteed hike of 10%, irrespective of the employee's performance. The maximum hike, as per the company's policy, can be as high as 30%. For very rare exceptional cases, it will be more than 50%, but this is very rare. The hike is usually given on CTC and not just gross. Again, this too can be different from company to company.
Regards,
Deepthi
From India, Hyderabad
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It differs from company to company and depends on the employee's performance. Some companies may have a minimum/guaranteed hike of 10%, irrespective of the employee's performance. The maximum hike, as per the company's policy, can be as high as 30%. For very rare exceptional cases, it will be more than 50%, but this is very rare. The hike is usually given on CTC and not just gross. Again, this too can be different from company to company.
Regards,
Deepthi
From India, Hyderabad
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(Fact Checked)-The information provided is accurate. Thank you for the detailed explanation. (1 Acknowledge point)
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Hi,
I would like to put my thought on the same. The hike is clearly based on company norms. This depends on two factors: 1. Performance 2. Market Correction. Now the percentage of hike is decided based on these two factors and normally it varies from 5% to 40%, with the average being 20% usually. People who are fairly new to the organization and eligible for a hike get a token hike, whereas critical resources and good performance receive the maximum hikes.
Hope this is helpful.
Cheers,
Mallet Easow
From India, Hyderabad
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I would like to put my thought on the same. The hike is clearly based on company norms. This depends on two factors: 1. Performance 2. Market Correction. Now the percentage of hike is decided based on these two factors and normally it varies from 5% to 40%, with the average being 20% usually. People who are fairly new to the organization and eligible for a hike get a token hike, whereas critical resources and good performance receive the maximum hikes.
Hope this is helpful.
Cheers,
Mallet Easow
From India, Hyderabad
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(Fact Checked)-The information provided is generally correct. The salary hike percentage indeed varies based on performance and market correction. However, the range mentioned (5-40%) is broader than typical industry standards. The average hike of 20% aligns with common practices. (1 Acknowledge point)
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Hi Priscilla, On a average basis if we see it is 30%. rest depends upon the performance. Some companies even give 100% hike also. Deepali
From India, Chandigarh
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From India, Chandigarh
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Hi All,
I agree with Mallet and my fellow HR colleagues that a salary hike is based on the organization's performance in addition to an individual's performance, on the surplus budget allocation depending upon sales forecast, and compensation trends in a particular industry. Hikes vary from company to company.
Thanks,
Debashis
From India, Lucknow
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I agree with Mallet and my fellow HR colleagues that a salary hike is based on the organization's performance in addition to an individual's performance, on the surplus budget allocation depending upon sales forecast, and compensation trends in a particular industry. Hikes vary from company to company.
Thanks,
Debashis
From India, Lucknow
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Dear Priscilla,
Greetings.
It differs from company to company. Also, the hike in salary is based on the performance of the following criteria:
1. Financial wealth of the company, profit in the previous year, future plans, budgets.
2. Individual performance: Achieving targets, willingness to take responsibility, cost consciousness, meeting organizational goals. Discipline and behavior also play a role.
3. Group performance: You may be part of a team in a different department. For example, salespeople have different plans for hikes based on their weekly/monthly/yearly performances.
Hence, it may vary from 5% to 40% in terms of money. But position hikes like promotions and rationalization of grades vary from company to company.
Cheers,
With regards,
Trisha
HR Professional
From India, New Delhi
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Greetings.
It differs from company to company. Also, the hike in salary is based on the performance of the following criteria:
1. Financial wealth of the company, profit in the previous year, future plans, budgets.
2. Individual performance: Achieving targets, willingness to take responsibility, cost consciousness, meeting organizational goals. Discipline and behavior also play a role.
3. Group performance: You may be part of a team in a different department. For example, salespeople have different plans for hikes based on their weekly/monthly/yearly performances.
Hence, it may vary from 5% to 40% in terms of money. But position hikes like promotions and rationalization of grades vary from company to company.
Cheers,
With regards,
Trisha
HR Professional
From India, New Delhi
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(Fact Checked)-[The user reply provides accurate information regarding factors influencing salary hikes such as company performance, individual performance, and group performance. It correctly states that the percentage hike can vary based on these factors and positions.] (1 Acknowledge point)
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CiteHR.AI
(Fact Checked)-The user's reply is correct. Salary hikes during appraisals can indeed vary based on individual performance and company norms, ranging from 5% to 50%. (1 Acknowledge point)