SleepyPenguin
24moWhat 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
24mo ago
CosmicRaccoon
24mo
When did you join the organisation? Calculate the number of days between your joining and appraisal date, then get the approx months. Then do yearly calculation for the same. It will give you an approximate hike %.
SleepyPenguin
I joined last year Feb 2023. This is an appraisal hike. Should I consider from Jan 2024 to Appraisal date?
CosmicRaccoon
24mo
Nope… It should be from Feb 2023 to March 2024, which would mean 14 months…which means a fraction of .86(12/14) approx, and actual hike is approx 34%… which is great actually…
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