Originally Posted by Bean

he say 1.5years exp!!!

starting salary ~3600
after 1 year = 1.12 x 3600 = 4032
Annual =15 x 4032 = 60480, well very close to 61K..

since TS only 1.5 years exp, need to wait for 0.5 year more for the next increment of another 12%

by then with 2 years exp,
salary = 4032 x 1.12 = 4515
Annual = 15 x 4515 = 67737, well very close to 68K..

from 3rd year onward, the annual increment or (promotion if any) is based on individual performance,

TS stated PB is sub divided in 3 category, top 33%, mid 33%, last 33%..

top 33%>>annual increment ~10-12%
mid 33%>>annual increment ~5-6%
last 33%>>annual increment ~maybe 3-4%