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Its default rating. 2. While hiring HR says, you will be eligible for this year’s appraisal. But it will be 2-3% hike. So don’t trust HRs while hiring. Keep this in mind and ask joining hike accordingly.
Thanks for your reply! I'll keep this in mind.
Also, is it pretty standard for all lateral hires? Irrespective of the number of months they worked before the appraisal?
What does lateral hires means? Sorry new joinee so asking
It's just that the candidate is experienced and it's not their first company.
That’s not true. If you’re performing really well, you’ll get better rating and hikes. I got 4 star and 28% hike for the first year.
This is incorrect information. You must have had almost a full year before AR to have gotten a 4 rating. If someone joins in June or July they will almost always get the default rating of 2, because August is the cycle cutoff.