[milestogo]

Originally Posted by mkh

Lots of JUMPS are expected now, people who move usually are getting now 25% and above so its sure to happen. Strange that companies are willing to let people IN at 25% more than what they pay the guy who is leaving!!! Why not pay the guy even 15% more and retain him? i think its a calculated risk, lets see if the guy really moves or not, if not we got away with low expense, if yes, well maybe a risk worth it!!

The reason why most companies prefer to let go is that if they tried to deal with a person leaving by giving him more, then there will scores of others who will try and do so and expect to get a raise. Also companies always prefer some new blood - attrition is a good way of doing that. I know for a fact that if the attrition % gets very low, then HR gets asked and asks questions around why performance management in the company is not very effective.

[Ranjan Sharma]

Originally Posted by Bhargava_sr

My previous company did a 5% cut from april-2009 salary and no hikes since 2008, good part they gave it back 5% cut in Jan-2010 and no hikes again this year.
I moved to a different company to gain a 49% hike in my new salary ..

If am not wrong, you were working in HP?
FYI.. They gave back the 5% with good amount of hike too This was only for the people among top 2 rating. Other's din get the hike.

Also, after the hike and recession.. all lower rated people got sacked with 2 months of salary. Funny, they didn't sack people while recession, but did it after it was over

[mkh]

Decided to be in control of my own hikes a few years back- sounds strange, but started off with my own business with my wife and we got a 150% hike in our business income this financial year 09-10!!( that too in a bad bad year for businesses worldwide) So who cares about the hike at work

[thedreamcatcher]

Still waiting for mine. Joined a new company recently, so may not get too much. Lets see what happens.

Else, Supreme Baleno, give us the name of your HR person

[theMAG]

Gone are the days when IT was a lucrative proposition to work in. Its now been reduced to a production shop. While till 2007, employers were known to offer between 20-30% hikes as standard, these days its all about 6-8% on average.

[SPIKE ARRESTOR]

Nowadays job hopping would yield you better hikes when compared to regular appraisals, though it has its own downside.

Spike

[Punzabi]

My company don't offer hikes, rather yearly bonuses. Our bonus is announced every year in Oct/Nov. Last year our division faired very well (read it extremely well) and everybody expected a nice chunk of cake but unfortunately company as a whole didn't perform well and we got appx 5% only (and the bloody taxman hogged on to a large share of this 5% too ). This year we are expecting a 7.5% bonus (Thank god company's performance won't be considered, only personal/divisional performance counts). Just had my performance review last week and I fell under "Exceeding Expectations" group which means "Upar Wala Jab Bhi Deta, Deta Chhappar Farh Ke"

[amitoj]

Please help me understand how percentages can be used to compare hikes when base salaries are not the same?
Person A getting a 10% hike in salary while B getting a 15% hike can still mean that the increment in actual rupees is more for A than B. While percentages might make some sense at the org level or maybe the BU level, but at individual level, it all becomes relative to the base salary.

Anyway, i wont be able to post my hike or cut till mid of this year.

[Rotorhead]

Originally Posted by Punzabi

My company don't offer hikes, rather yearly bonuses. Our bonus is announced every year in Oct/Nov. Last year our division faired very well (read it extremely well) and everybody expected a nice chunk of cake but unfortunately company as a whole didn't perform well and we got appx 5% only (and the bloody taxman hogged on to a large share of this 5% too ). This year we are expecting a 7.5% bonus (Thank god company's performance won't be considered, only personal/divisional performance counts). Just had my performance review last week and I fell under "Exceeding Expectations" group which means "Upar Wala Jab Bhi Deta, Deta Chhappar Farh Ke"

That is a rather unique thing and first time ever i have come across such a concept. If you dont mind can you tell which industry are you associated with and are you really happy with this since over the years your base salary is always going to be same and the bonus is going to be subject to various factors.

[naveenvenkatesh]

I got 25% yesterday. Very happy. Yeppies!!!!

[sammyboy]

Thanks to a major re organization just before the appraisal time last year and big politics in the new org, my entire bonus was wiped out last year inspite of my achieving some major milestones. Top management apologies dont help when the bottom line is hurt.
Hope this time it doesnt happen, else its hopping time.

[gpa]

I may not have got a hike but the 15% salary cut that has been in effect since Mar 2009 for a full 12 months was revoked this month, which means something small to celebrate after all

[Addy81]

I got 15% hike, this is my first hike after 2years thanks to recession and me changing job at the wrong time. Happy with this hike as of now.

[akaushik]

I can update this tomorrow as I will be receiving my letter!! LOL

[MX6]

Last year my pay went down by 23%. That was the rudest shock I ever got.

Keeping fingers crossed waiting for the letter this year. By the looks of it, it doesn't look promising.