I was debating with my online student awhile back. I told him that it is not a good way to raise an employee's salary after two years. In some companies, it usually increased half-a-year or annually. What can you say about it?
Is it reasonable for a company to raise the salary after two years?
- Thread starter Shavkat
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It depends on the management of a company. But it is normal and ethically right to increase the salary after working for six months without any problems. Two years is to long and it may discourage some good workers to quit.
Two years is too long. Inflation happens in months. I think every 6 months should be ideal.
I believe that in employment letter, it should be stated the rate of increment and the period for which increment would be implemented. Two years is reasonable. But if the cost of living is not realistic with existing pay, they should be a review when necessary.
I don't think it's a good thing, 2 years is too long. Usually at least once a year a person experiences a salary increase. I even used to be after a 3 month training period, I got a raise.
That is why I advocate that every potential employee must understand the terms of his or her engagement and negotiate same to favor him or her and make sure it is signed. If someone had signed two years before increment, with the global inflation, the boss would have to develop what I call a "church mind" and effect an increase for him or her.
I think that it depends on the rate of inflation a country is suffering. If the inflation is quite high, then I think that they should raise the salaries after one year.
This actually depends on the company involved, some even do raise employees salary after a year while some might do so before the end of the second year .it all depends on the company and how the employee does his work.
Normally, salary is adjusted on an annual basis. However, there are situations when the company is in financial trouble that salary increase is not possible, the owner should talk to the employees frankly.
You have a point there though, most employees might not have the patience to wait for two years. If they come across other opportunities, they would definitely want to take it, especially if the pay is higher for starters .
That's the risk of taking too long to increase the pay of your staff. They can easily be tempted with better offers. Rather than length of time z performance should be a yardstick to effect increase pay.
