What’s the difference between a variable pay and bonus ?
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What’s the difference between a variable pay and bonus ?
Hi Folks, How is Mphasis pune ? I am selected for BNY project pune location and have to work from client location. Will there be cab facility? HR said its 2-3 days work from office and there will be cab facility as well. Please respond. Thanks in advance.
Got an LOI from Nemesis Group, Ludhiana for Android & Web Developer. Red flags: 90-day unpaid training, ₹10k only on management approval Only ₹5,000 fixed salary out of ₹15,000 7PM–3AM shift Assigned real commercial project BEFORE I signed They're an HR/staffing firm, not IT No reviews anywhere Did anyone complete training and actually get paid? Please share experience. Zero reviews on Glassdoor, AmbitionBox, Indeed, or anywhere. Also doesn't show the company in linkedin.
I have a question regarding gratuity eligibility for permanent employees. What is the minimum service requirement to become eligible for gratuity? Is an employee eligible after completing 4 years and 240 days of continuous service, or is it mandatory to complete a full 5 years of continuous service?
is 17000 MYR /month a good offer in Malaysia? I have an offer of 30 LPA with me already for bengaluru location. Onsite location is in kuala lampur. Please share helpful insights
I need some advice. I've received an offer to join Commonwealth Bank through QuessCorp as a Senior Software Engineer (SSE). The tech stack includes C#, .NET, React, and AI. The offered CTC is ₹35 LPA fixed, and I have 9 years of total experience. I'm a bit concerned because it's a contractual role. I'm not sure how stable the project is or how long it will continue. Has anyone worked with Commonwealth Bank through QuessCorp?Quess corp ltd Commonwealth Bank
If you're taking about Annual Bonus then it is also like Variable where it depends on Company and your performance Maybe the time of payment can be varied...some pays it Semesterly or some Yearly If this is Joining Bonus or Relocation bonus it will be paid to you in 1st Month salary after tax deduction
So one should prefer VP over Bonus ? Considering bonus is paid yearly and not a mandatory compensation.
bonus you will get 100% and it is guaranteed. Variable pay may or may not be given to you , i mean youn can get 0% to 100% of your variable pay on the basis of other factors like your performance, companys performance etc
Bonus is not guaranteed either, I don’t think it’s mentioned in the offer letter too.
Variable pay is part of your CTC and bonus is outside your CTC