REQUEST A DEMO

Increments

Managing employee increments efficiently is critical for maintaining motivation and ensuring fair compensation practices. The Increment Module simplifies the entire increment process by automating calculations based on performance, budget constraints, and market benchmarks. This ensures a structured, transparent, and timely increment process for all employees, aligned with organizational goals.

Key Features

Increment Period Setup:

Define fiscal years, effective dates, and cut-off periods for increment eligibility to ensure consistency and accuracy.

Performance-Linked Increments:

Automatically calculate increments using weights assigned to individual KPI scores, competency scores, department performance, and company performance.

Market Benchmarking:

Incorporate market corrections by uploading benchmarked salaries for various roles and grades to ensure competitive compensation.

Customizable Budget Grids:

Allocate increment percentages by band, rating, and other parameters, tailored to organizational needs.

Promotion & Market Adjustments:

Adjust increments for promotions and market corrections, reflecting changes directly in the employee master.

Increment Letter Automation:

Generate personalized increment letters with auto-filled details, such as employee names, ratings, bands, and new designations.

Gamification Rewards:

Recognize HODs who submit recommendations on time or manage increments within budget constraints.

How It Works

Setup Phase:

  • HR Admin configures the increment period, eligibility cut-off, and increment grids for performance ratings, market corrections, and promotions.
  • Uploads market benchmarked salaries and company letterhead formats.

Performance Calculation:

  • Employee performance scores (KPIs and competencies) are weighted as per predefined grids.
  • Ratings are derived from performance scores and converted into corresponding increment percentages.

Increment Processing:

  • HODs submit recommendations for promotions and market corrections.
  • HR Admin reviews, normalizes, and submits the final data for CEO approval.
  • CEO approves and locks the increment grid.

Increment Letter Generation:

  • The system generates increment letters with all finalized data.
  • Letters are distributed via the employee portal, with automated notifications sent to employees.

Integration with Employee Master:

  • Updated CTC, new designations, and increment details are automatically reflected in the employee master.

Benefits

  • Streamlined Process
    Automates the entire workflow from setup to letter generation, saving significant time and effort.
  • Transparency & Fairness
    Ensures that increments are objectively calculated and aligned with performance and market standards.
  • Customizable Framework
    Supports unique company policies, including flexible grids for promotions and market corrections.
  • Employee Satisfaction
    Delivers timely and transparent communication, improving trust in the increment process.
  • Compliance & Insights
    Tracks budget utilization against targets and provides detailed reports for decision-making.

Frequently Asked Questions

Can the system handle complex increment calculations for promotions and market corrections?

  Yes, the module accommodates promotions, market corrections, and other adjustments seamlessly, with all calculations reflected in real time.

How are increment letters customized?

Increment letters are auto-generated based on templates uploaded by the HR Admin. Fields like employee name, band, and increment percentage are auto-filled from the increment input.

What happens if an employee joins mid-year?
Increment eligibility and calculations are prorated based on the employee’s joining date and the defined increment period.
Can budgets be tracked in real-time?
Yes, the system provides dashboards showing budget vs. actual increments at department and company levels.

Contact Us

For more information about our Increment Module, please reach out to us at:
Contact Us
HRIS Login