Dear HR Gurus,
I am working on one German MNC, Pune Maharashtra, i wanted to have current increment % rate in manufacturing industry for planning of Increment of the year 2011.
also i wanted to have advice on how to prepare % calculation of Increment.
pls help me in this.
Thanks in advance,
Regards,
Girish Musale
[IMG]https://www.citehr.com/emage.php?text=414b542f4d4a2e4f4c6851632b6b4049443 64b4e2e356463[/IMG]
8983798799
From Spain
I am working on one German MNC, Pune Maharashtra, i wanted to have current increment % rate in manufacturing industry for planning of Increment of the year 2011.
also i wanted to have advice on how to prepare % calculation of Increment.
pls help me in this.
Thanks in advance,
Regards,
Girish Musale
[IMG]https://www.citehr.com/emage.php?text=414b542f4d4a2e4f4c6851632b6b4049443 64b4e2e356463[/IMG]
8983798799
From Spain
Try to contact the HR managers of the local companies within your industrial area. You will get more accurate figures from there.
In case your organisation has a Bell Curve appraisal and increment method, than you can use current Inflation rate as the standard increment, whereas the employees on better performance scale can be given higher increments based on their performance and the total bucket that the company has to offer in increment amounts.
From India, Ahmadabad
35In case your organisation has a Bell Curve appraisal and increment method, than you can use current Inflation rate as the standard increment, whereas the employees on better performance scale can be given higher increments based on their performance and the total bucket that the company has to offer in increment amounts.
From India, Ahmadabad
Dear Girish ji, The Minimum increment percentage is 10%. If you are in HR Profession you may issue performance Appraisal and based on that arrive % based on increments. Regards. PBS KUMAR
From India, Kakinada
From India, Kakinada
Dear Girish,
Minimum is 10% n maximum is 12% in our unit.
in some cases you can increase your %.
and you can give increment on CTC or on basic
if u are giving increment on CTC u have to adjust all contents like HRA, Covey., LTA & Medical.
ur company might have some guidelines regarding all above contents you can refer that guidelines else you have to set such guidelines.
From India, Pune
Minimum is 10% n maximum is 12% in our unit.
in some cases you can increase your %.
and you can give increment on CTC or on basic
if u are giving increment on CTC u have to adjust all contents like HRA, Covey., LTA & Medical.
ur company might have some guidelines regarding all above contents you can refer that guidelines else you have to set such guidelines.
From India, Pune
Dear Girish,
Our Company has a policy of adjusting increment % on the basis of Grades marked by concern HOD to the employee.
these grades starts from A to E, where A is superior & E is on inferior side.
Employee with A grade will get 15% rise ((inflation 7.5% (assumed) + 7.5% extra -best performance)).
where as E grade will get 7.5% rise ((inflation 7.5% (assumed) + 0% extra)).
Regards,
Sachin Wani
9922431551.
From France, Issy-les-moulineaux
Our Company has a policy of adjusting increment % on the basis of Grades marked by concern HOD to the employee.
these grades starts from A to E, where A is superior & E is on inferior side.
Employee with A grade will get 15% rise ((inflation 7.5% (assumed) + 7.5% extra -best performance)).
where as E grade will get 7.5% rise ((inflation 7.5% (assumed) + 0% extra)).
Regards,
Sachin Wani
9922431551.
From France, Issy-les-moulineaux
Dear All, Thank you so much!!! feeling lucky to be associted with Cite HR Group, one thing oi want to get clear from you that % rate is differ with the indystry segment or what??? Regards, Girish
From Spain
From Spain
Greetings,
The increment depends on the company budget. It is aligned to the market only to make it competitive. This will remain specific to the values of the company. Few firms may believe in disbursing a higher take home, whereas other may focus on long term benefits through deferred compensation plans such as superannuation, ESOP and its.
Regards,
(Cite Contribution)
From India, Mumbai
The increment depends on the company budget. It is aligned to the market only to make it competitive. This will remain specific to the values of the company. Few firms may believe in disbursing a higher take home, whereas other may focus on long term benefits through deferred compensation plans such as superannuation, ESOP and its.
Regards,
(Cite Contribution)
From India, Mumbai
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