Hi Amana,

This is Shanaz - HR consultant.

1. Appraisals normally go with salary hike and the frequency of appraisal is based on the frequency of finalisation of accounts. Basically, how frequenty does the Organisation measure its own performance during a year. As per industrial standards, IT companies appraise once in 6 months.

2. Statutorily speaking, bonus is payable to employees only where the basic salary of the employee is less than or equal to Rs.3500/-. The amount of bonus payable is Rs.2500/-. But, as you are in a IT company, bonus can be paid in two ways, either as a monthly component or as a lumpsum amount either during Diwali / New year. Most of the IT companies are paying bonus on a monthly basis to avoid a huge cash outflow at a stretch.

3. Appraisals are based on Objectives and where the objective is achieved , rating of 1-10 is possible and where actions have been taken to perform an activity that benefits an organisation though it is not part of an objective can be measured subjectively (i.e. likert scale). Therefore, your appraisal can be a combination of both.

Thanks