What is the percentage for merit increase for achieving a performance rating of 2 vs 3 vs 4 vs 5?
Does anyone even get a 5? I heard they don’t give out 5s. Or are they reserved for senior leadership?
12 replies (most recent on top)
5 does exist, but you have solved cancer.
I got a 3 with a glowing verbal review and 3% raise. 103% MIP.
We’ve been told 5s don’t actually exist. (I know of one 4 last year in our function.)
@h6 even at 4, this is applicable also.
No one gets a 5.
A 5 means your one over has to go to their boss and explain it what makes you so special.
3 is 2.5 or 3% depending on the formula. 2 is less down to 1 and 4 is more up to 5 depending on the VP
I heard the high % ratings, are salary leveling, basically you get to find out your the lowest paid employee on your team at you current grade and people doing less then you were making more money. IDK kind of stinks.
@ah exactly. A 2 is not the same. And it seems like( this year at least) that goal achievement and positive feedback could not offset managers explanation which was in contrast to the feedback. Example feedback given mentioned my impact on certain items. Manager said made no impact. lol 😂 like it was decided what they were going to do and wrote the review to fit
I got a 14 percent award last year for a 3. I was way below midpoint so that's why
I've had many years of 3's, I received a 4 once, and I received a 2 this year. A 3 has usually been 3 or 3.5%. The one year I got a 4 was a 4% raise and an extra 20% MIP. This year I got a 2 and got a 1% raise and target MIP payout-10%. I was shocked to see that much of the MIP payout with a 2.
Anyone else love the “a rating of 2 is the same as rating 3.” More gaslighting.
If it were the same, they would say the same thing plus, your merit and MIP would not be impacted.
K shaped economy in the company. The higher get rewarded greatly for mediocre and poor performance while us plebs are reward like indentured servants and told to be grateful.
Last year they said the company wasn't making money so no one deserves 5 while excom rewards themselves double digits raise. We lost few great members afterward.
This year our OU gave out one 5 to show yesterday we do give out 5