Hi Sneha!
U can ask them that Performance Appraisal does not lead Increment always. This is totally on company's discretion that either he want to give monetary benefit against the PA or non monetary benefits for the same.
So this is very unexpected benefit for them that company is givng them monetary benefit instead of non monetary benefit.
Thanks & Rgds
Abhay R.
Group HR Head
RH Group
Mumbai
From India, Mumbai
19U can ask them that Performance Appraisal does not lead Increment always. This is totally on company's discretion that either he want to give monetary benefit against the PA or non monetary benefits for the same.
So this is very unexpected benefit for them that company is givng them monetary benefit instead of non monetary benefit.
Thanks & Rgds
Abhay R.
Group HR Head
RH Group
Mumbai
From India, Mumbai
Dear Sneha,
Increment is not always dependant on the appraisal score. Increment is primarily dependant on Company Budget, and other factors like market parity of pay, internal parity, variable pay component etc.
The foolproof way to ensure that employees do not feel shortchanged is:
1. Ensure guidelines are set upfront and it is not upto whims and fancies of the manager (Employees with same grade, same performance should get similar increase and there should not be inexplicable huge variations)
2. Communication of guidelines to managers and making them own the increment process.
3. Managers need to be told that increment is their responsibility. When employees approach them, they need to won up and honestly explain the process of increase. They cannot pass on the blame to HR.
4. Make the process as transparent as possible. Employees need not get actual data figures, but a brief on how process works will do wonders.
5. Set in the policies that individual compensation is personal data and sharing of this with other employees will entail strict disciplinary action.(Employee 'X' comes to you telling that employee 'Y' is getting more salary than him. Both employees need to be given a strong message that they should not share personal salary information.
From Netherlands
Increment is not always dependant on the appraisal score. Increment is primarily dependant on Company Budget, and other factors like market parity of pay, internal parity, variable pay component etc.
The foolproof way to ensure that employees do not feel shortchanged is:
1. Ensure guidelines are set upfront and it is not upto whims and fancies of the manager (Employees with same grade, same performance should get similar increase and there should not be inexplicable huge variations)
2. Communication of guidelines to managers and making them own the increment process.
3. Managers need to be told that increment is their responsibility. When employees approach them, they need to won up and honestly explain the process of increase. They cannot pass on the blame to HR.
4. Make the process as transparent as possible. Employees need not get actual data figures, but a brief on how process works will do wonders.
5. Set in the policies that individual compensation is personal data and sharing of this with other employees will entail strict disciplinary action.(Employee 'X' comes to you telling that employee 'Y' is getting more salary than him. Both employees need to be given a strong message that they should not share personal salary information.
From Netherlands
Dear Sneha Joshi
Please refer to your mail and would like to suggest
pl discuss with the person once again and try
to convince him and retain him if he is a good
employee and give him some non-salary offerings
after obtaining your ceo permission. Today
getting good employee is become a order of the day
it is a common affair every where now
regards
psnarayanan
From India, Delhi
Please refer to your mail and would like to suggest
pl discuss with the person once again and try
to convince him and retain him if he is a good
employee and give him some non-salary offerings
after obtaining your ceo permission. Today
getting good employee is become a order of the day
it is a common affair every where now
regards
psnarayanan
From India, Delhi
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Employee Appraisal Form new.doc