It’s Appraisal time: Average hike of 12% likely; top talent to get 25%
It is appraisal time again and employees can look forward to an average hike of 10-12 per cent, while top performers can eye as much as 25 per cent, but this once-a-year evaluation norm may change as firms are shifting to a more regular feedback culture, say experts.
Most companies have a bell curve system of management in place, which compares employees' performance relative to others and puts them in different rankings - top, average and bottom performers - with the vast majority being treated as average performers.
HR experts believe however that times are changing and more and more companies are planning a revamp of their appraisal systems, opting for a more regular feedback based review systems.
"Eliminating bell curve/forced distribution or going 'rating less' is undoubted...