Increment

An Increment is a periodic increase in an employee’s salary, often based on performance, tenure, or cost-of-living adjustments, as part of a compensation strategy.

1. What is an increment?
   Answer: It is a periodic salary increase based on performance or tenure.
   
2. How is it determined?
   Answer: It is determined by reviews, company policy, or market rates.
   
3. What are the benefits?
   Answer: It motivates employees and retains talent.
   
4. How often is it given?
   Answer: It is typically annual or after performance reviews.
   
5. What role does HR play?
   Answer: HR calculates and communicates increments.