Start-up employees likely to get more appraisals than rest of India Inc
Advertisement
Advertisement
As the appraisal season approaches, reports suggest that start-ups will be leading the way with giving out biggest pay hikes this appraisal season. On the other hand, big and established companies plan to roll out lower increments.
Talking of figures, start-ups and early stage companies will give out average increments of 15.6% this year, while last year the figure was 14%. In comparison to this, the rest of
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
"The larger the brand, the lesser its need to pay high increments," Anandorup Ghose, Partner, Aon Hewitt, told ET. "For start-ups, salary increases are a necessity, and not a luxury. E-commerce companies and start-ups have to build their employer brand," he added.
Advertisement
"Indian companies are taking very clear steps to arrest the steady increase in compensation budgets. The lower inflation rates in the economy has also helped companies in deciding on the reduced salary increases without creating too much of a disruption in the lives of employees," Ghose added.
Image source
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas