Salary Increase:

• The company conducts an annual pay review in April of each year for all eligible staff.
• The overall percentage for the merit increase is determined based on three factors:
• The company’s financial performance.
• The company’s budget for Merit Increases.
• The market trends and inflation.
• The pay review for everyone will take into consideration the following parameters:
• Performance results of the employee.
• Pay level of the employee on the relevant pay band.
• Approved promotion decisions to apply a promotion increase percentage.
• The company management may decide different schemes of merit increase percentages to different departments or teams based on relevant business rationales and merits.