More employees being rated poorly as firms cut back on increments: Survey

Only four in 10 companies ready for give staff a pay hike, says Deloitte Touche Tohmatsu India

The proportion of employees whose performance is rated below average has gone up amid falling revenues and deferred increment decisions.

The proportion of employees whose performance is seen to be above average is also seen to fall in the current financial year ending March 2021 (FY21). The data is based on Deloitte Touche Tohmatsu India’s 2020 Workforce and Increment Trends Survey Results (phase II).  More people are also being rated average shows the data (See chart 1).

“While more organisations are now comfortable in putting more employees below the “meets expectations” category, increment differentiation between the top and average performers