In many organization appraisal is going on in month of January. Some organization having the activity in April. In all the organization the new salary structure is advised as salary hike but really is it? Can any increase in salary lesser than inflation rate, considered as salary hike? For me definitely NO. Positive inflation rate indicates the amount of money you need to spend more for ensuring the same life style. It means the anything greater than inflation rate is actually the salary hike.
Government employee gets dearness allowance to counter the inflation rate but there is no such privilege for employees of private sectors. On top of DA government employee have a provision of increment annually. In short government employee have the salary hike each year in true sense. So be aware this time when you get your salary revision letter if you are really getting salary hike or salary cut.
Government employee gets dearness allowance to counter the inflation rate but there is no such privilege for employees of private sectors. On top of DA government employee have a provision of increment annually. In short government employee have the salary hike each year in true sense. So be aware this time when you get your salary revision letter if you are really getting salary hike or salary cut.
