What do you think of Appraisal estimated percentage for 3 ratings holders?
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Hike Graph is on a roller coaster ride since covid. With nothing certain about the Interest Rates & Inflation. What is your company offering & What all factors they look at during the appraisal cycle ?
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So, I got a annual performance rating today. 2.22 out of 3 How much hike can I expect?
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Is 10% appraisal good for top performers or is the company lowballing?
The company did around 10-15% silent layoffs in the last cycle by putting people in PIP. My Manager told me that he has pressure on him to put at least 1 or 2 people in PIP, make them leave the company and reduce costs. Later, the company did as low an appraisal as 2%. Senior folks are leaving specifically Frontend Developers. Salaries of a lot of SDE-2 are below 30 LPA. They have started new positions called Product Developers which will do the same work as SDEs but with a lesser package. PD-1 salary is around 10-12 lakhs and of Lead PD is 20-22 lakhs. The company is putting itself in a position where it wants people to leave on their own. There are almost zero perks in the company. The team outing budget is a joke which is 2k INR per person per year. That is 500 rupees per person per quarter. Also making office mandatory from November.
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Are appraisals happening in startups this year ? What is the approx % of increment all of you have seen ?
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Since we are seeing a lot of layoffs, a lot of companies are using this as an excuse to provide less increment this year. Interested to know what sort of increments are you’ll getting this year and how much did you get last year?
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It's like going back to COVID days. We got email that due to current situation there will not be any increment this year. What about your company? How is the situation?
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Dear experienced people of grapevine please share your appraisal % you got so far along with company, number of people (to get an idea of company size), service/product based and your experience level How much % is okay, good, best ? (It could be subjective but let's try to answer honestly) TIA!
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Let’s discuss about Newfold appraisal this year. I was given 9% increment saying that max we are giving 9-13% only this time
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With the ongoing appraisal season what kind of hikes are you guys are anticipating / getting?