Navigating Pay Review Decisions for High-Package Employees: Employer Rights & Implications - CiteHR

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Hello all, Seeking some advice here, please. My annual rating for AYR 2022 was concluded as meeting expectations, and BHR had also communicated that a merit increase would happen. However, I did not receive any letter, and when inquired, it was communicated to me that I am already at a high package. To control costs, a pay review isn't happening for employees with a high package. Is this acceptable? Does the employer have the right to not conduct a pay review given the situation/explanation above?
From India, Noida
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Just to add this is my 02nd pay review and i am employed with the firm for over 2 years.
From India, Noida
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