Is it true that this year hikes are gonna be relatively lesser than previous years and also about the %perf pay, the LL6 managers wwee given instructions to not offer more than 120% ?

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Not really, it's kind of mixed... Best gets awarded more and lower one to get penalised..

My highest is 150 and lowest is 50

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Inconsistent is default, unless they do things with consistency it's met, if you are a role model in your department for your grade then exceeded, if you are a benchmark to success and is quoted as an example organization wide... Then new bar.

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