hi it depends on companyif ur company is in good financial position .company may think of apraise the salaries.in recession time emplyees are afried of job cuts,giving heavy targets keep them under pressurewhich affect their performance also.if company cant aprise salaries then it should try to get confidence of the emploees that they will be provided job security.it will motivate them to work.bcas every buddy knows its recession time.....
From India , Pune
Hi,
I agree that at a time of recession, the ideal scenario would be not to give any hike in salaries but if any promotion/salary adjustment cases are due a minimal hike of 5-15% based on industry norms after studying competitors should be given. Salary adjustments and promotions need to be given so that it does not disturb internal parity of the team.
At the same time, existing employees stay in an organization for 3 primary things career growth,self growth and monetary benefits. Hence if we are not able to provide salary hike we need to provide a good platform for career platform thru training, movement to other teams, providing benefits, insurance, quarterly or semi annual incentives to motivate employees to perform better. Even though you might not be able to provide salary hike to them you could still give them incentives in several ways:
- Concierge services
- Medical room, gym, massage room
- Education support program for MBA, etc....
Hope this is helpful.
Regards,
Priyanka

From India ,
In some IT companies there is apprasial with out increments. This at least gives idea where does the employee stands, Improvements required etc :-)
From India , Mumbai
Dear All,
How about an idea to ask directly to employee whether they want a salary increament or not by doing a survey thru attached PPS. Don't take it seriously, it's just for fun.:lol:
Salary_Increment_Survey.pps

From India , Mumbai


raising the salary of d employess at dis tym wud b relatively more difficult task fr d HR person of the company. instead i wud suggest dt dont atleast cut the salary dt dy get in cash. instead one can reduce the kind benefits dt the company provides to the emplyees.
so in this way where their salaries wont b reduced the employees will even feel motivated and will try to contribute more to the company.

From India , Mumbai

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