Dear Team,
Performance Appraisal is the process of giving feedback, identifying strengths and weaknesses, as well as determining the job responsibilities for the employees in the future. The results of such appraisals can be the basis for giving increments to employees. Giving an increment is an organizational choice, and accordingly, the rise in salary can be decided based on the company's profitability, employees' productivity and performance, market trends for certain skills, and the inflation rate, etc.
Is giving an increment mandatory as per law? If so, then which law governs the same? Request your views and comments on the same.
From India, Mumbai
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6Performance Appraisal is the process of giving feedback, identifying strengths and weaknesses, as well as determining the job responsibilities for the employees in the future. The results of such appraisals can be the basis for giving increments to employees. Giving an increment is an organizational choice, and accordingly, the rise in salary can be decided based on the company's profitability, employees' productivity and performance, market trends for certain skills, and the inflation rate, etc.
Is giving an increment mandatory as per law? If so, then which law governs the same? Request your views and comments on the same.
From India, Mumbai
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Grant of annual increment is not mandatory as per law. Your observations in the matter are valid and proper.
From India, Mumbai
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From India, Mumbai
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Agreed, it is not mandatory as per law. You need not give an increment after every appraisal, but make sure that the employee is happy and retained in your organization or anybody's organization.
There are always options for the employee who is trained here to be poached in a similar setup with a good package. Avenues for employees are aplenty now.
Also, the performance appraisal system should be such a tool that it leaves no option for the employer and employee in respect of their growth and development either professionally or financially.
From India, Hyderabad
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There are always options for the employee who is trained here to be poached in a similar setup with a good package. Avenues for employees are aplenty now.
Also, the performance appraisal system should be such a tool that it leaves no option for the employer and employee in respect of their growth and development either professionally or financially.
From India, Hyderabad
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Performance Appraisal Form for Staff.doc