Want a payhike? Clear an exam first, LTI Mindtree tells staff

Subscribe to enjoy similar stories. Top managers at LTIMindtree Ltd must clear a competency exam as part of the company's annual appraisal exercise, possibly the first in the country’s $286 billion IT industry. For project leads, managers and lead architects, half the weight in appraisals depends on project completion, and the rest on a competency exam with multiple-choice questions on coding and mathematics.

According to four LTIMindtree employees, this is under a new framework called My Career My Growth, introduced last year for senior executives, and expanded to include more employees this year. “This competency exam is a skill-based exam that gets tougher as you get more experienced," one of the four employees said on the condition of anonymity. A second employee suggested this was introduced to limit payhikes, but the company had a different view.

Also read | Salary hikes are expected to be smaller this year, but not for top talent “Our performance management process integrates competency-linked goals alongside project-specific goals. We believe both are equally important in assessing the overall annual performance of our talent, and as a result, they carry equal weightage," an LTIMindtree spokesperson said in response to a query. “We regularly evaluate the competencies of our talent through objective assessments, minimizing subjectivity and ensuring they are client-ready.

This approach also enables employees to define their career aspirations, identify skill gaps, and follow targeted learning pathways for continuous development in alignment with evolving business needs," the spokesperson said. LTIMindtree, which ended last year with $4.29 billion in revenue, grades its employees based on their experience. While P0