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Rising Star
3 is average, 2 and 1 are the top ratings.
If by year end i.e March it remains 2.7 you will be given 3 rating and if <2.5 you will get 2 rating. In short, no need to worry, it is avg rating and possibility is there you will get good rating if the March PMS goes well.
Rising Star
Sort of PIP. Yeah...better to look for another job.