Where is HIKE in this Year? :-(

The Hike, Usually given during April or May month. April gone .. May also going to End... Still no news at office.. Even managers they don't have clear picture whether they are going to get any news from higher officials. I am sincerely awaiting for it as Deccan Chargers are waiting for Semis berth in IPL.

Already Indian Top companies like Infosys announced no Hikes/Promotions in this year due to the impact of global meltdown. In the current economic scenario, I guess mostly the companies would be maintaining the same salary nos of the year 2008. And try to reduce the operational cost which is basically cost management. The companies may try to reward the outstanding and exemplary performers in some different way may be.

Some companies have decided NOT to give any salary hikes to cope up market downturn, some have asked their employees to take a salary cut so as there should not be any layoffs, where as some are offering a hike of 7% to 15%, saying that 15% hike will be awarded to employees who have performed exceptionally well in their area of expertise.

Due to Current economy slow down, not Only IT sectors but also Hikes in other sectors also having same situation.

Oh GOD ! - Where is Hike?????