When the Management decided to convey about the Increments issue to the HODs, do they also INTEND to give details of the PoAs to increase the Sales? Rgds, TS
From India, Hyderabad
1641From India, Hyderabad
Hi,
Lot of views have been received on the topic. I will just add a few points:
- Sharing the fact that there will be no increments for employees will be disappointing for almost all employees. Hence I don't think "the other initiatives" can do a lot to reduce the disappointment. However, in bad times, such scenarios can happen and employees are expected to support the company. Implementing "the other initiatives" also requires expenditure, hence decision needs to be taken whether to invest money here or give employee minimal increase.
- After addressing HODs also address the employee in groups/one to one to explain them the market reality and seek support
- If you have a robust PMS, you may look at paying Top Performers only.
- Identify the top talent and try to keep them with you during the tough time by regular communication, giving challenging projects etc
Keep a list of “the other initiatives” ready (lot of suggestions have been received) and do update post the meeting as to how you handled this situation
Thanks!
From India, Hyderabad
Lot of views have been received on the topic. I will just add a few points:
- Sharing the fact that there will be no increments for employees will be disappointing for almost all employees. Hence I don't think "the other initiatives" can do a lot to reduce the disappointment. However, in bad times, such scenarios can happen and employees are expected to support the company. Implementing "the other initiatives" also requires expenditure, hence decision needs to be taken whether to invest money here or give employee minimal increase.
- After addressing HODs also address the employee in groups/one to one to explain them the market reality and seek support
- If you have a robust PMS, you may look at paying Top Performers only.
- Identify the top talent and try to keep them with you during the tough time by regular communication, giving challenging projects etc
Keep a list of “the other initiatives” ready (lot of suggestions have been received) and do update post the meeting as to how you handled this situation
Thanks!
From India, Hyderabad
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