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Increase salary in this 2021 and survive?
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.
“Salary Increase must correspond to the future delivery. Not for Past performance”
GR Reddy
The best way to look at Salary is to increase to the future progress of the company. It’s 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.
The Plan
Try these following steps and modify them accordingly to your company situation.
• Set the goals for the organization on a realistic basis
• As your Leaders to take ownership of building capability and achieving the targets in their own functions/departments. The Leaders must be accountable for the Organisational Targets.
• Let the Leaders assess the capabilities based on the past year by their team. Identify the good potential members who could contribute immensely to the future #goals.
