Plp(performence Linked Pay) - Pdf Download

Hi!
I have started my carrer with a new company and i have certain queries regarding the performence appraisal system.
1. How far it is right to communicate PLP(performence linked pay) at the time of interview and if there is a laid minimum percentage on the increase in CTC should that be part of CTC and communicated at the beginning.
2. After rating the person on a scale a total score defines the percentage increase in the salary. Please give your inputs on how your company defines that and also the increase in the salary if the employee outperforms.
3. Is there any threshold limit defined by your company whle designing the performence appraisal.

Generally in most Companies, PLP is included into the Annual CTC figure in the following manner -
a) In Companies where the PLP is a linkage to a graded system of A, B and C gradings, the PLP amount considered for CTC would most generally be the mid point - that is, the PLP amount of B grade.
b) By indicating the maximum PLP possible (A grading) in the CTC calculation, the Company may be indicating the maximum amount possible for that particular position / candidate, but this gives a wrong impression, since most generally it is a 50-50 chance that the candidate always ends up with the maximum rating.
c) Hence, indicating the mid-point of the PLP would be an ideal way to compute CTC for a position.
Regards
P.Arun Kumar

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