Employees usually expect increase in salary/position and responsibility. In the days to come I see certain employees expecting part of the profit share , some would look at value add to their roles , some would want companies investing in their future development holistically like nomination for executive learning programs , PG courses etc a best institutes and universities. I also see variable very high performance based pay structure being agreed and expected too.
Are appraisals only about salary? What other benefits/perks help win over employee confidence?
No, appraisals are not only about salaries. Share in profits , share in ownership , long term loyalty bonuses , value additions on health , education of self and family, spiritual alignment are the other important factors which can help the organisations win over employee confidence.