No increment this year in company

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?

For the first time in these many years, i have got a hike of only 7%, the reason stated is on going concerns in US market. But it is very difficult to digest the same as 2 years prior i got a hike of 26% and now only 7%. I feel being broke as giving an organisation your 5 years of handwork, 7% is nothing. Has anyone else faced this in 2023 ?

Almost 50% of the org got no increments People with "exceeds" rating got single digit increments Only promotion cases have got early to mid double digit increments Promotions have been significantly fewer this time, max people have been told to hold off their expectations of promotions for another year The reasons cited were economic slowdown, other companies like Microsoft, Flipkart, swiggy, Amazon doing the same and cost cutting. I think things are getting toxic and the majority of employees have been left disappointed.

Folks, I wanted to make a prediction that most of us pretty much know already 2023 our salaries haven’t grown at all. Across my group of friends at work and college, the average amount of increment I heard is close to 5%

Another year around and last year was dry with literally 0 percent hike. My salary not been increased for past two years and this year my hopes are going down. The PMS cycle was supposed to be on May 1st. We were supposed to get manager ratings. When I checked it wasnt even case and they dont even communicate of such a delay. They just keep it closed doors and this is what I see as transparency. Already I have many exits voluntarily. When I was demanded for work day and night. they said company will reward people meritocritic and now when I turn them back and ask they arent even interested with sharing date on when the appraisal would come. What should I do I feel being cheated after 2 years of working day and night? Any news or this is going to be one another year of their sick promises and betrayals?

Layoffs started in April which are still continuing. CEO says in all hands that reason for many people leaving Yubi is not because of cost cutting, also says they are going ahead with hikes & bonuses. On last day of June payout when hikes/bonuses were expected HR announces that hike/bonuses will come in July payout. Diplomatically they just told that some people will get 0 hikes/bonuses. They want project to Go-live in 2 months but can't complete hike/bonus process in 2 months ? Very high chance that they will give zero hikes/bonus to all employees this year. HR recently started this shoot out thing where names of good performing employees is called out. What for ? Are they giving any benefits to employees? Vacation leaves are reduced. CEO lies openly. They just seem to be making fool of employees.

This year, the increments in my company were fairly good, with an average of 21% and the highest being 30% in my team of 10 people. The average rating was 4/5. Given the current market situation, these increments can be considered decent. However, despite these figures, none of the team members seem satisfied. Last year’s increments were better, but still, this year’s numbers aren’t bad. Considering our positive company culture and manageable work pressure, I’m curious to understand why the expectation might be so skewed. How much of an increment is generally enough to make employees happy? Were the increments really that bad, or is there something else at play here?

In my organisation the salary revision/promotion cycle is delayed. What about yours? Did you get it? Was it enough to beat the inflation at least? How much weightage was given to office attendance? Share your scenes/rant in this post.