Looks like the rating system of Outstanding, Performing and Off Track is doing more harm to individual than any good.. everyone in my team got a Performing, no off track and no outstanding either.
I see this will also impact the pay hike and OTVP.. are we moving towards a policy which is generally adopted by Service company while being a captive!
Looks like this strategy is to encourage more people to leave the organisation as a part of natural attrition!

likeupliftingsmart
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I guess the strategy is to make sure they have a workforce with median skills, while the worst and the best will go out of the system due to natural attrition.

This also helps them to save faces by not going for lay offs, while achieve the same resource goals by making people leave. Lay offs are bad press while attrition is seldom looked at.

like

You’re absolutely right. The ones who were given Top performer last year, all of them have got a performing.. so that top tier talent with perhaps high salary too, will look outside

likeuplifting

Yes, only mediocre people or people with personal constraints will stay..

like

So for performance rating, how much bonus % can manager increase beyond the Otvp already stated. Any idea?

-10% to 30%

helpful

Also, for GCB5 level what is the otvp amount range. Any idea?

It must already be updated in your last years compensation letter.. it can be 10-30% of that amount negative positive

likeuplifting

Is performing rating anything to do with hike% or depends on bank and dept performance

Both!

uplifting

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