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It usually follow Normal Distribution meaning majority falls under Meeting Expectations category and others are low in number. Hike % depends on Company performance at the end of Q4 of that year and Your performance rating. Some calibration will happen and you will be notified with final %
So your fixed part will adjust based on hike and on top of that variable part will calculate is my guess
+1
Good to know @e1, yup I meant the same too SDE and ML engineers are paid a lot at Amazon.