Does Salary hike is necessary in a company
- Thread starter misha
- Start date
There are need to increase salary as the economy is shrinking. The inflation is high and many workers are demanding for increase in salary. Yesterday, there is protest in Britain by teachers asking for increment in salary.
Salary hike is very important because it will keep the employees motivated and will make them do better.
Salary increment definitely helps to motivate and retain talents in the company. If a company cannot afford to give a pay raise to employees, management should explain the situation to employees honestly.
The increase of salary of employees depend from one company to another. It is also plotted in their manual in Personnel Management. The compensation and other benefits were given. The increments will be done when working after the probationary period.
Salary increase is mandatory. Those probationary if converted to regular employee may have auto increase of their salaries and other benefits stipulated in labor laws. But if the employee has low rank he may not have an increase right away. He needs supporting documents.
Like you mentioned without realizing it, without salary hikes, employees end up leaving and heading to places where there is a salary hike. Mainly salary hike is there to motivate employees so that they work hard and they stay loyal.
With the way inflation is affecting everything in the world to do I believe that salaries should also be increased in order for workers to be able to afford the things that they usually afford with everything becoming very expensive.
It is very necessary for the business to increase salaries of workers for optimal productivity.
They should be increment of salaries at certain periods of time for each and every employees.
