In my country it takes 3 years for private offices to increase their employees salaries. However, the individual employee must submit a request for a salary increase with corresponding supports as to seminars workshops attended and educational qualifications. There are also private multinational companies that give salary increment every year. I want to know because I have two staffs in my milk tea business and i want to increase their salaries. I want to see them happy. What do you think?
How many years interval do you think is best to increase the employees salaries?
- Thread starter Starmix
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- #3
Two years might also be reasonable years to increase the sa;ries of my staff. It is not yet two years. I am still observing their attitudes and performances. If they won't change, then maybe, I will increase their salary in August.
I think it's great that you want to increase the salaries of your staff in order to make them happy. Happy employees are more likely to be productive and contribute to the success of business. It's important to also consider the market rate for salaries in your industry and make sure you are offering competitive wages. Ultimately, it's up to you to assess your business's financial situation and make a decision that is fair and sustainable for both your employees and your business.
When I was an employee in a reputed company I would get an increment every year along with other benefits, Only in the internet sector due to widespread online slavery, financial fraud and cybercrime, my business income has decreased in the last few years.
True their performance individually can also be a reason why you can increase their salary. Like where I was working before, my salary was increased within a year, due to the fact that I was doing multiple things at the same time.
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- #9
You are so right and much better not to increase in two years but three years. Like my business it is new and I am still saving my profit to open another branch but I am so hesitant because of the increase of the franchising fee which is almost double.
Here multinational companies conform their new employee in three months, and increase their salaries after one year. This increase done on the basis of their last year performance. But some small companies started violations as they increase salaries after two years
In my country, you have to fight your employee if you are working in the private sector to get a pay rise.
It depends on what companies we are working with. The forecasting of increments in salary is usually yearly. This can be done during the business feasibility study. That is what we should do to monitor and increase the morale of employees who work hard to have this increase in salary. In this manner, they will be more motivated to work for the company.
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- #15
There are private companies and offices who converted the status of their employees from being probationary to regular employee The privileges are also indicated in the contract. Other offices yearly or more.
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- #17
That is cool if only busines owners realize the needs of the workers and the happiness they feel if there's salary increase.
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- #19
The performance of an employee is one basis to be promoted, thus the salary will increase too. Other bases are the experiences and educational qualifications of the employees to get an increase and promotion.
