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If you join before June 2025 then you would be eligible for hike in 2026 but let me tell you the trend after Covid, in 2022 & 2023 they have not provided hikes to laterals or who are above market standard according to them and in 2024 they have deferred hikes till October
Yes many companies are nowadays doing that. No hikes for laterals. But are you sure The appraisal cycle is June 2025 to May 2026 because most of the companies it is April to March.