Salary Increase? Yes Really !!!
You can increase the salary of your team & survive. How? Let’s examine a way to achieve.
As we go through 2021… Common people feel that we are out of the #COVID scare in India with vaccines and also the falling number of cases. However, the businesses are still struggling especially the companies who could not do #WFH (Work from Home). The companies whose production facilities are stopped and slowly restarting at this time.
The best way to look at Salary is to increase to the future progress of the company. Its time that the employees who expect salary hikes must participate in the growth. No Choice. Let “Salary Increase must be proportional to Future Contribution” is the norm of the appraisal. Focus on Potential #Assessment than Past #Performance.
Try these following steps and modify them accordingly to your company situation.
Know the importance of Compensation Benchmarking for both Employer and Employee
How do you execute?
You can increase your #salaries following way (suggestion; you could modify based on your actual business scenario).
Try this or any other variation based on your situation, you could create. After all, it’s your story.
Please do post your story on how you are achieving your #2021 targets with people..