Pending updates, see July 2023 DRAFTS.
Salary appraisals occur during the team member’s anniversary month AKA join month. For example, Bob joined Axelerant on February 3, 2020; a salary appraisal happens every February.
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The annual cost of living adjustment (COLA) provides cost-of-living purchasing parity for a salary due to inflation or other socio-economic factors. Axelerant provides every team member with a flat 7% 4% annual COLA separate from a role’s base appraisal percentage.
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