News: Top performing employees perform better at appraisals too

Performance Management

Top performing employees perform better at appraisals too

Top performers in 565 companies will take home an average increment of 15.3 per cent this appraisal season, even as pay hikes across these organisations remain a muted 10 per cent, the lowest since FY09, according to Aon Hewitt's Annual Salary Increase Survey. This 'reward gap' between high performers and the rest is the widest since 2011 when Aon Hewitt began capturing such data. Not only are companies rewarding top performers more disproportionately, they are also tightening the 'bell curve', giving the top rating to fewer employees. If 16.2 per cent of total employees assessed got the top rating pre-2007, only 8.7 per cent made the grade last year.

Top performers in 565 companies will take home an average increment of 15.3 per cent this appraisal season, even as pay hikes across these organisations remain a muted 10 per cent, the lowest since FY09, according to Aon Hewitt's Annual Salary Increase Survey. This 'reward gap' between high performers and the rest is the widest since 2011 when Aon Hewitt began capturing such data. Not only are companies rewarding top performers more disproportionately, they are also tightening the 'bell curve', giving the top rating to fewer employees. If 16.2 per cent of total employees assessed got the top rating pre-2007, only 8.7 per cent made the grade last year.

Read the Economic Times news report here.

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Topics: Performance Management, #Current, #National

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