Hi Sharks, for people who joined in Q4 2022, a default rating of strong is expected by default. The questions are :

1. Will the merit increase (also called appraisal /salary hike) be prorated?

2. Will the bonus be prorated?

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Bonus will be prorated and hike depends on manager and pir. Hike will anyways be less than it would have been annual but not that less as prorated for 2 months. I have seen 2 months old folks getting 4-7% hike


Thank you for taking the pains to explain in such fine detail. Much appreciated!


Is 7% kind of the upper limit if one is at very bottom of the PIR band?

I guess I was not able to explain it properly. Let me try it again, I am saying for 2 months work i have seen people getting 4-7% hike. 7% hike for 2 months and if you prorate it to 12 months it comes out to be 42% hike. I have seen people getting 2% hike for 2-3 months work also.

Having said that the shell has a rating rating. 1,1.3 and 2.

For 1 rating if you get X% hike
for 1.3 rating 1.2X%
and for 2 rating 1.5-6X% hike
X varies year on year

These ratings influence bonus as well as your bonus is =Targeted bonus * your rating * company performance

Company performance varies from 0 to 1.5

In 2020-21 it was zero
In 2021-22 it was 1.5
This year it will be somewhere between 1.2-1.4

And for a hike last year i have seen one getting 23% hike on 2 rating (guy was in low pir range)

For 1 rating 14%(guy was in low pir)

For 2 rating 17% hike ( guy was in middle pir)

But generally on avg 1 rating hike is between 8-12%


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