Infosys to start 2023 appraisal cycle as employees still await previous pending hike: Report

livemint.com:

Economic Times. The IT giant is set to start its ‘performance review cycle for October 2023’ with self-evaluation tomorrow i.e. on 29 September, while Manager evaluation will begin by 4 October, an email sent to managers said as viewed by ET.

As per the email, the ratings will he told to individual employees in December 1st week. However, Two employees told the daily that with the fresh appraisal is about to begin, they have yet not received any hikes for the previous appraisal cycle i.e. from October 2021 to September 2022.

They also added that the company has not given any clarity if the pending hike amount would be added with the upcoming appraisal hike or it will be skipped. "We need to update our self-evaluation and accomplishments soon … Last year too the appraisal process happened and ratings were disclosed. But the hike (salary revision) has not been released yet.

It is usually paid in June-July," one of the employee told ET. The employees told the daily that the hikes are often paid in June or July of the corresponding year during the review period. “Previous hikes were paid in July 2022.

We have received ratings for the previous period (Oct 2021-Sept 2022), but hikes have not been reflected in the salaries," another employee said as quoted by ET. Moreover, the report also added that the company had rolled out an average 80 percent quarterly variable pay for the 1st quarter which ended in June, ET reported stated. "Exciting news! Mint is now on WhatsApp Channels