Dear All,
Please i need an urgent help, i am in the stage of preparing HR budget and i have been asked to get the inflation rate of this year and the forecast salary raise percentage.
I have got the information about the inflation rate for the current year, now how can i calculate or the propose the salary raise percentage of 2013.
is there a certain formula?
From United Arab Emirates, Dubai
Please i need an urgent help, i am in the stage of preparing HR budget and i have been asked to get the inflation rate of this year and the forecast salary raise percentage.
I have got the information about the inflation rate for the current year, now how can i calculate or the propose the salary raise percentage of 2013.
is there a certain formula?
From United Arab Emirates, Dubai
Dear Onaraider,
There is no formula that links Inflation and increment.
See the logic is if an employee gets and increment of 15%, and the infaltion rate is 10%, then the effective increment for the employee is 5%.
You can refer to the attached file. It will help you.
For any further clarification feel free to write or disucss.
From India, Mumbai
173There is no formula that links Inflation and increment.
See the logic is if an employee gets and increment of 15%, and the infaltion rate is 10%, then the effective increment for the employee is 5%.
You can refer to the attached file. It will help you.
For any further clarification feel free to write or disucss.
From India, Mumbai
Dear Onaraider, The percentage of hike you want to give will completely depends on your organisation’s performance, objective and budget.
From India, Mumbai
From India, Mumbai
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