This is the exact phrase that rocked my mind when I got to hear the hike numbers for myself..this inspite the fact when I had already let known my expectations from the appraisal in advance...
Anyways was not left with much choice but to look for opportunities in other companies and finally managed to change jobs in 2 months time..
I do not understand one trend which is very common in almost all the (IT) companies. These companies will not give a good appraisal to their current employees, but would be more than willing to hire a new person for the same job on a much higher salary as compared to the current employee.. and then they have to talk abt the high rate of attrition !!!