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16-03-2022, 04:56 PM
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Quote:
Originally Posted by Unregistered
Whats the diff in bonus and MI for MX11, C+ and B grade.
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MI is dependent of where you are in the grade. Below grade mid pt or above grade mid pt.
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16-03-2022, 04:57 PM
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Quote:
Originally Posted by Unregistered
Sounds weird.. As a norm, first year grade by default is C, and you mentioned you have joined CS few months prior to March. Do you join in 2021 or 2022 ? If you join in 2021, your PB will be prorated. If you join this year, sorry to say you are not entitled to PB payout end of this month.
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hes probably saying he joined in 2021 and went through one cycle of appraisal.
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16-03-2022, 05:03 PM
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Quote:
Originally Posted by Unregistered
Hi, if I join in 1 Apr 2021, does that means I’m automatically C and will receive a prorated PB of 75%
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Normally boss give C grade for new worker, unless you have accomplished major projects during your first year of work, which helps to appraise you of a better grade. PB is prorated based on the number of days you have worked out of total number of working days in a year. ie denominator is not 365. 75% is a close estimate assuming you joined on 1 Apr 2021.
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16-03-2022, 05:18 PM
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Quote:
Originally Posted by Unregistered
Normally boss give C grade for new worker, unless you have accomplished major projects during your first year of work, which helps to appraise you of a better grade. PB is prorated based on the number of days you have worked out of total number of working days in a year. ie denominator is not 365. 75% is a close estimate assuming you joined on 1 Apr 2021.
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yes its based on xx days worked / 365 days in 2021.
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16-03-2022, 05:30 PM
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Quote:
Originally Posted by Unregistered
yes its based on xx days worked / 365 days in 2021.
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Partially correct. Calculation is xx days worked / no of calendar days in that assessment year.
In 2021, denominator is 366 days if you recheck your 2021 PB statement.
Anyone know how MI is calculated ? What’s the formula ?
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16-03-2022, 05:50 PM
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Quote:
Originally Posted by Unregistered
Partially correct. Calculation is xx days worked / no of calendar days in that assessment year.
In 2021, denominator is 366 days if you recheck your 2021 PB statement.
Anyone know how MI is calculated ? What’s the formula ?
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leap year is 2020 bro.
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16-03-2022, 05:51 PM
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Quote:
Originally Posted by Unregistered
Partially correct. Calculation is xx days worked / no of calendar days in that assessment year.
In 2021, denominator is 366 days if you recheck your 2021 PB statement.
Anyone know how MI is calculated ? What’s the formula ?
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MI formula is not transparent one leh. If you know and you reveal here, i clap for you!
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16-03-2022, 05:52 PM
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Quote:
Originally Posted by Unregistered
C+ should be 2.5, so B would probably be 3
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C+ is 2.5, but B ranges. Ive heard of Bs getting 3.5, some 3. Not sure how it works
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16-03-2022, 05:53 PM
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Quote:
Originally Posted by Unregistered
C+ is 2.5, but B ranges. Ive heard of Bs getting 3.5, some 3. Not sure how it works
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cos not all are MX or true MX.
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16-03-2022, 06:04 PM
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Last time before I join CS, my annual increment in private sector was around 7-9%. Situation seems different in CS with lower MI than outside. Salary crawl uphill like snail, beri the tired..
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