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No hike because the company is teetering on the edge of bankruptcy. A select few old employees whose salaries are below market standards receive an average of 3-4%. The variable amount is usually 5 to 10% of the total CTC, and the payout depends on the GCM level and company performance. The criteria were changed recently, making it almost impossible for higher GCMs to receive the full amount.
Yearly hike is not consistent due to company have some challenge. But recently last month they gave 3-4% hike to few selected people. Veriable pay is 100% for Rating 4 which generally everyone gets. But from this time have changed policy to 100% is quite difficult but 75-80% avg people will get