A salary revision is a modification (usually an increase) made to an employee's current salary package. The salary change will reflect in the employee's Payslip.
Its objective is to keep the employees happy and appreciate them for their good work. The increment also helps employees meet their changing financial needs as the cost of living rises.
Salary revisions occur when an employee completes a specific period or moves to a different role. Revisions also happen when there is a change in the compensation policy or labor laws.
A salary revision is a core activity that usually follows an appraisal process based on an employee's job performance and conduct in the organization. As part of the process, the HR team issues an increment letter with the new salary details.