How to decide salary of employee? Facts: • Most of the time, compensation is defined by business owner of SME’s without considering any latest update of market rate, competition & talent shortage in market. • Employee retention continues to be a top concern for the majority of businesses & compensation is a top reason people voluntarily left a company. • While 73% of employers consider their employees fairly paid, only 36% of employees feel they are paid fairly. Solution: • Demand for high skill candidates is high but availability of high skill candidates is less, as very few companies are really investing for learning & development of their employees. Invest for development of your employees. • Take help of recruitment consultancy firm to get fair idea about market rate for job position, for which you want to recruit. • Consider inflation rate, demand of similar job profile in market & availability of required talent to finalize salary range for any job position. • Don’t wait for annual performance review but take real time feedback time to time to get real picture of what is in mind of your employees. • Top performing companies are giving pay rise to their employees year after year & more likely to embrace transparency, exercise variable pay practices and valuing their employees more highly than average companies. • Always recruit fresher & train them as per your requirement & work culture, in long run this will be cost effective solution for your staff requirements. If you found above mentioned tips useful for your company & want to implement the best HR Practices for growth of your company, please contact us. We are providing world class services for small & medium enterprises for establishment of HR Management Systems to improve productivity & sustainability of business. Synergy Resource Solutions “We Help You to Grow” HR Recruitment & Management Consultancy S-302, E-Wing, Second Floor, SOBO Centre, Gala Gymkhana Road, South Bopal, Ahmedabad-380058 Contact No (M): 9974017011, Email: [email protected]
eChai Partner Brands

eChai Ventures partners with select brands as their growth partner, helping them expand market reach, drive revenue growth, amplify brand visibility, and strengthen hiring efforts.

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About eChai Ventures

eChai Ventures is a global startup network connecting entrepreneurs through local meetups in 20+ cities worldwide, enabling cross-border collaborations via startup panels, demo days, cricket, and pickleball leagues.

Make the most of eChai Ventures network:

  1. Complete Your eChai Profile It's key for others to discover you.
  2. Join eChai's Startup Meetups: Register for relevant eChai events happening across cities. Each event will have specific instructions on how to join.
  3. Discover Startup Folks: Explore and connect with other participants.
  4. Stay Updated: Follow the eChai feed for the latest updates from our community.
  5. Explore eChai Partner Brands: Check out our partner brands and how they can support you.
  6. Showcase Your Startup: Get opportunities to present your startup.
  7. Get Involved: Engage more and get a chance to volunteer or host meetups.
  8. Attend Global Events: Participate in events across different cities and countries.
  9. Find Collaborators: Discover co-founders, collaborators, talent, and business opportunities.
  10. Build Friendships: Make meaningful connections with fellow startup enthusiasts.

Join the meetups that interest you and start making the most of the community.

If you have any questions or need assistance, feel free to reach out at [email protected].