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SleepyPenguin
SleepyPenguin
Jupiter

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

15mo ago
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CosmicRaccoon
CosmicRaccoon
Laid-off15mo

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
SleepyPenguin
Jupiter15mo

I joined last year Feb 2023. This is an appraisal hike. Should I consider from Jan 2024 to Appraisal date?

CosmicRaccoon
CosmicRaccoon
Laid-off15mo

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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