A salary increment is a raise in an employee's salary, often awarded based on performance, tenure, or company profitability. It serves as recognition of an employee's contributions and can motivate them to maintain or improve their performance. Salary increments can be a percentage of the current salary or a fixed amount and are typically reviewed annually. They help employees keep pace with inflation and the rising cost of living, enhancing job satisfaction and retention. Companies use salary increments as a tool to attract and retain top talent, ensuring a competitive workforce.
Purchase Date
21-03-2025Service Name
Salary IncrementActual Price
Discount
500.00Payable Amount
6500.00