Having done this process MANY times before I left, lets reveal the big "secret" on how this process is done:
- Direct manager - rates employees with "guidance" on how many of each ratings you should have by job level
- Senior manager - Reviews all their direct managers to make sure they are within "Guidelines"
- Business leader- Reviews the each functional are and region globally to make sure each region is within "Guidelines"
- L2\L1 - reviews each business to make sure they are within guidelines
At each level rankings are reviewed and changes to meet the "guidance" (guidance=Mandate) are "suggested" until the whole area meets guidelines at each job level and in total.
Guidelines Historically (I don't work there anymore so I can't say what this years is)
By Job Level, which means all employees in your area must have the below mix
JL 1,2,3,4,5,6,7
1 rating - 20% Max - No more than 20% of any one job level or in total can get a 1
2 rating - 60% Max - No more than 60% of any one job level or in total can get a 2
3 rating - 20% Min - No LESS than 20% Must be given a 3 of course you can do as many 3 ratings as you like provided they are not all at lower job levels
Now the merit pools are assigned as a percentage of the total salary of the region or functional area. So if you have $1m in payroll and the pool is 1.5% (which it was last time I did this horrible process) you have a $150,000 for merit increases to spread amongst your people based on ratings and where they are compared to midpoint for their job category (guidelines here as well).
So most managers are left with a choice give everyone 1-1.5% increases and have everyone be unhappy or try and pick the people that would hurt the most if they quit and give them at least some thing reasonable ie 3-5%
So right now they are likely waiting for all those levels to "suggest" the modification to the level below them and then providing the amazing 1% merit pool to doll out in the hopes of not losing the entire population. So in fairness its not that DXC doesn't give you raises, they give out a merit pool that is so small against a population that is so far outside of a reasonable salary for the job they are doing managers are left to try and solve as many potential problems as they can with a budget of money that isn't enough to give even the most basic raise.
Bumping this from @1qwx+1scc69g1, so more people can see it.