I am working in an IT company and as a part of the performance appraisal, I need to calculate the percentage hike to be given to the employees as a result of their ratings in the annual appraisal process.We follow a five point rating scale (5=Significantly exceeds expectations, 4=Exceeds expectations,3=Meets expectations,2=Meets most expectations and 1=Below expectations).
Now I need to decide as to what ratings to be assigned to the above mentioned scale (For eg: someone who will get the rating as 3 will be given 8% hike etc)
Please can someone help me with this?
Thanks and regards,
15th October 2007 From India, Delhi
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