Dear all, how we get appraisal budget, how we decide that how much amount to be there for appraisal to be distributed... thanks
From India, Gurgaon
3From India, Gurgaon
Hi 4hrd, You need to take the industry benchmark into consideration. Which industry are you currently associated with?
From India, Delhi
From India, Delhi
dear i am asking means how we decide the budget amount like co. want to give 2 lacs on increment or 4 lacs etc. r u getting my point.
means or the basis of profit who decide this that how much amount for increment/budget.
From India, Gurgaon
means or the basis of profit who decide this that how much amount for increment/budget.
From India, Gurgaon
The appraisal budget i.e. the quantum of the increment to be offered to the employees is decided by the Board of Management and their decision is based on
1) Org. future plans - Eg. if rapid expansions are planned then for the need of capital there may not be very high increments.
2) Increment benchmark - What others companies of your size and in the same industry offer : look out for diff. reports published
3)Org. Budgets and projected P & L
There may be other factors also to consider and it differs from org. to org.
Saurabh
From China, Leizhou
1) Org. future plans - Eg. if rapid expansions are planned then for the need of capital there may not be very high increments.
2) Increment benchmark - What others companies of your size and in the same industry offer : look out for diff. reports published
3)Org. Budgets and projected P & L
There may be other factors also to consider and it differs from org. to org.
Saurabh
From China, Leizhou
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