Hello Seniors, Hope to get some help on the global serious issue of Increment Dissatisfaction.
I work as an HR Manager in an IT company and my employees are never satisfied with their increments. Always we get verbal communication that we are expecting at least a x% hike, if not then we will leave the organization. As the market for experienced software engineers is so booming, every time the management has to put the weapons down. How to overcome the situation. In this case, employers and employees are never on the same page. Also, we wish to give a satisfactory amount of increment. Please suggest the rate of increment if the average salary of 15 employees is 100k/month.
From India, Ahmadabad
1I work as an HR Manager in an IT company and my employees are never satisfied with their increments. Always we get verbal communication that we are expecting at least a x% hike, if not then we will leave the organization. As the market for experienced software engineers is so booming, every time the management has to put the weapons down. How to overcome the situation. In this case, employers and employees are never on the same page. Also, we wish to give a satisfactory amount of increment. Please suggest the rate of increment if the average salary of 15 employees is 100k/month.
From India, Ahmadabad
Dear Mansi,
Gautam Budha, the great philosopher already made known to the entire world unlimited wants are the root cause for all the troubles we are facing in the world then and also true now as well. How can one predict or assess how much the other person wants as increment ? It's unlimited. Except by negotiation one on one or take them into confidence and ask them straight away how much increase they want, you will know. But still no one could guarantee that they would leave or not. Take for e.g. Mr.Mukesh Ambani among the richest in the world but he still not stopped doing business or borrowing or investing in new business, eg. JIO. When such is the case how we can fix a higher limit for your SWEs ? Men may come men may go but Co should go. Make an environment that no one is indispensible. Always try to keep few bench stock to fill the gaps so that co. should not suffer. But at the same time it is going to be pride of any employer if they retain experienced lot. And the co should not mind paying them to compensate their loyalty in one way or other. Some cos issue complementary shares, monetary gifts, foreign trips, gifting cars or plots/flats etc. If the co is financially sound you should not mind sharing a portion to satisfy them. Don't risk losing business to your competitors, what if this experienced lot quit and float start ups and seize bulk of your customers, your business would suffer badly pushing you to reestablish, learning the lesson in a hard way. Pl.weigh these options and decide judiciously
From India, Bangalore
Gautam Budha, the great philosopher already made known to the entire world unlimited wants are the root cause for all the troubles we are facing in the world then and also true now as well. How can one predict or assess how much the other person wants as increment ? It's unlimited. Except by negotiation one on one or take them into confidence and ask them straight away how much increase they want, you will know. But still no one could guarantee that they would leave or not. Take for e.g. Mr.Mukesh Ambani among the richest in the world but he still not stopped doing business or borrowing or investing in new business, eg. JIO. When such is the case how we can fix a higher limit for your SWEs ? Men may come men may go but Co should go. Make an environment that no one is indispensible. Always try to keep few bench stock to fill the gaps so that co. should not suffer. But at the same time it is going to be pride of any employer if they retain experienced lot. And the co should not mind paying them to compensate their loyalty in one way or other. Some cos issue complementary shares, monetary gifts, foreign trips, gifting cars or plots/flats etc. If the co is financially sound you should not mind sharing a portion to satisfy them. Don't risk losing business to your competitors, what if this experienced lot quit and float start ups and seize bulk of your customers, your business would suffer badly pushing you to reestablish, learning the lesson in a hard way. Pl.weigh these options and decide judiciously
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
A-Role of labour contractors in global production networks -A-1 Imp..pdf