{ "media_type": "text", "post_content": "I got hired at EY after mid year. My offer letter says I’m not eligible for salary increase until 10/18. \n\nIs that typical?", "post_id": "5a54bdb0a49db8001853c419", "reply_count": 11, "vote_count": 1, "bowl_id": "58f0df008ad7250010f8c590", "bowl_name": "Compensation" }

I got hired at EY after mid year. My offer letter says I’m not eligible for salary increase until 10/18. Is that typical?

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Guys relax. You are being hired in FY18. Bonuses or raises are not given until October anyway. So every employee at EY is in your boat.

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Yes. Same thing happened to me.

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Yeah same happened to me too...

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EY4 nailed it. You are in FY18 currently, and bonus and raises take effect in Oct for everyone. It’s due to our FY ending in June, but also some other factors I’m not familiar with. I still don’t understand why it takes 3+ months to get paid out, but once you are in the cycle it’s all relative

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You won't receive one until then or you're not eligible?

Because I joined last January and got reviewed at end of fiscal year and got a salary increase.

Yeah.

Yes

Hence my comment if you won't receive one until then or you won't be eligible? You might want to follow up on that.

My experience was also the same.

Fiscal year is July - June, HR year is October - September

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