Our company has shown 1 million reasons why they wont be giving us good pay hikes as the previous years!! As compared to the last year's 20%, this year its only a meagre 10%..and above all they have included a variable pay in this amount. They neatly define the US recession and other internal policies but why dont they also remember that the inflation is also high and its not the same India as it was last year. Dollar price will come down and go up, but once the appraisal period is over, it comes after 1 year. They will never ever moderate the pay scale if the US markets get stable. This is absolute stupidity!! Yes i agree since this is a private company they have the authority to recruit and dismiss any employee, but what will be the charm of IT industry that made India on the Global map. No one is planning to stop the hikes of the overly paid CEOs. Its because of the the individual toiling of the ordinary employees that these managers and CEOs are getting recognition and huge salaries! there has to be a vast policy change in the atructure of the appraisals. Every appraisal should be crystal clear and each hidden policies should be abolished! India is yet to emerge as a superpower in IT. Let not the morale of IT engineers go down before it becomes too late.........
