What does prorated hike mean?
I received a prorated hike of 40% this month(Feb 2024). How do I calculate my actual hike?
My current base is 10 LPA
Layoffs
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SillyMuffin
Prorated Eligible Salary
in my work day in compensation i see a comment “Prorated Eligible Salary - for 12 month annualization”. Do any one know what does it mean?
12mo ago
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ZippyBanana
CARS2412mo
It must be for the variable component in you ctc. Generally Variable pay/ performance bonus is as per pro rata basis.
SillyMuffin
IBM12mo
Hi GhostWalker, thanks for your prompt reply. I have already received my GDP and Bonus in march 2024, any idea why this is still active in my workday?
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Seems a valid calculation to me.
You can refer to it probably next time when you are discussing pay or pay raise.
The og author has calculated like this: 'This is almost the best-case scenario without the variable component.
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