Updates on LTIM annual hikes??
@ltimindtree

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Few updates which i got from a HR connect session

1.Ratings will be released before mid may..mostly on 12 may
Note that there is a percentage of people for each rating bucket on a BU level
Example 20% of a particular BU will be given OS rating

2.hike letter cum promotion letter will be rolled out sometime in june.
Hikes will be wef july 2023
That means first hikes salary will be visible on 28 jul.
There will be no arrears for apr,may,jun as this is harmonized policy after merger(but earlier we got some arrears, dont know what HR is blabbering)
Annual hike n promotion(if applicable) are clubbed now, will come altogether.

3. VARIABLES will be given half yearly, that too based on performance with may salary
(Little doubt here, as salary structure says variables will be monthly paid, n even it was erlier there with existinv MT employess)

4.y2m policy ..compliance mail is primarily for chennai,mumbai,blr n pune base location people as these loc have proper infra ...for other location space issue n other reasons are there to ignore compliance mails for now

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