Salaries in India mostly range from two lakh rupees to five thousand rupees per month.
If you discuss this with people they would give just theoretical suggestions or start a blame game.
What, in your view is the cause of so much disparity and can it be rectified?
It can be carried out in two ways mainly,
1. To compare the productivity and performance of employees doing similar work/ or are at same level and their performance is giving the same output, you need curtail the gap by normalization and put them in same grade...where salary may differ as per the band.
2. Bench marking of salary as per the market rate and figures,if the gap is too mammoth then normalization needs to be done to correct the figures for better retention of employees.
Another reason why we do Normalization is when you know a person is hired for a lesser salary, and their appraisals are due after a year.. and so the corrections are to be made...mid yearly.
Sometimes, there is a confusion whether normalization is appraisal?? the HR department has to play a key role here to make employee understand the difference between the two, as during no ...more
An IIM Graduate gets a Crore of Rs-But how many can score cent percentile and reach up to there-Just give weightage and logic please-A Mazdoor vsa Doctor or Engr or Scientist can not be the same na !!