
This may vary with the location and department. Once a year around 2% individuals [where I work] who receiced remarkably positive feedback can be promoted. It can happen that the feedback one receives has a less than sincere background. After all who wants to pay more for having the same amount of work gotten done?
Promotions don't happen very often. Once a year, the bosses gather and rank their subordinates. 2-5% of people get promoted each year. Mostly, from the lowest grade to the just a bit higher grade.
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