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When employees perform well, take on more responsibility, or upgrade their skills, a pay raise is the most common way of recognising their efforts. Organisations may also offer non-salary benefits, such as a day off or dental coverage. When determining how to calculate the salary hike percentage, you will also need to consider the benefits. Often, an employer will offer a salary hike but not offer enough wellness benefits for its employees. Today, employees place…

A successful organisation fosters an environment of mutual respect and good communication between its employees and employers. The subject of salaries is among the primary topics of communication. Whether it is the clearance of salary arrears or an expectation of an increase, employees want transparency from their employers. Nowadays, salary revision depends on various factors, from performance to employee attitude. Also, it is not surprising that an employee may leave the company if he gets…

Salary is a highly important component of the total compensation payable by us as employers to our employees. And thus, employers must have well-defined salary structures and mechanisms across all employees in the organisation. The presence of an optimal salary increment structure and timely reviews of it help companies reward deserving employees in a timely manner and also helps in keeping the human resource cost in control. However, a mere review of salary levels is…