Hi,
I have joined recently as a HR Executive in a software development Company,when i joine here it was time to give appraisals to some employees ,what can be the minimum and maximum hike that we can give to the employees according to the market standards please can anyone help me out quickly because this is my first task in the company.
From India, Hyderabad
I have joined recently as a HR Executive in a software development Company,when i joine here it was time to give appraisals to some employees ,what can be the minimum and maximum hike that we can give to the employees according to the market standards please can anyone help me out quickly because this is my first task in the company.
From India, Hyderabad
Greetings,
Please do share the vertical and the skill sets you are considering in order to suggest a percentage. Ideally its between 0- 15 %, depending on the performance of the employee and profits generated by the company. But then please do not consider such generalised information. This is your first initiative so deal very careful. You may consider PayScale - Salary Comparison, Salary Survey, Search Wages for detailed information in your area.
Wish you all the best.
Regards,
(Cite Contribution)
From India, Mumbai
1859Please do share the vertical and the skill sets you are considering in order to suggest a percentage. Ideally its between 0- 15 %, depending on the performance of the employee and profits generated by the company. But then please do not consider such generalised information. This is your first initiative so deal very careful. You may consider PayScale - Salary Comparison, Salary Survey, Search Wages for detailed information in your area.
Wish you all the best.
Regards,
(Cite Contribution)
From India, Mumbai
has given you a broad framework. i may however add that a sum must have been budgeted for the annual raise. the company must have already set up benchmarks to appraise performance in the light of goals set conforming to organisational objectives. you can apportion the budget allocated in percentages to be awarded to to the appraisees as per their ratings
From Pakistan, Lahore
From Pakistan, Lahore
Appraisal should be based on performance of employees. You may divided the performance in following categories - Below average, Avergare, Good, Very Good, Excellent. Salary should be increased as per categories. Below Average - 0%, Average - 5%, Good - 10%, Very Good - 15%, Excellent - 20%. You should also discuss with your management for % on above categories.
From India, Delhi
From India, Delhi
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Performance Appraisal Form for Staff.doc