SquishyTaco
SquishyTaco
19mo

Trending @Infosys; CTC and in hand salary at Infy varies a lot

Despite of getting a good CTC, in hand is very less all because of the quaterly bonus thing. While many people are fortunate to get 80-100% bonus, others feel disappointed. So what's your take on this?

19mo ago
PeppyCoconut
PeppyCoconut

Jl4. And jl5 has 4-8% less CTC
Since I got Me last year I observed approx 7 percent CTC reduction due to this variable.

SquishyTaco
SquishyTaco

Exactly my point. Ctc is like an illusion 😌

PeppyCoconut
PeppyCoconut

Variable is only good only when you have outstanding reating

PerkyMochi
PerkyMochi

Search new job

SquishyTaco
SquishyTaco

If it was that easy so anyone have got it🙏🏻

PerkyMochi
PerkyMochi

Discussing about hike and bonus etc in Infosys

QuirkyCupcake
QuirkyCupcake

Robbery wt else.Everyone in the unit got the same this is their go-to dialogue.

SquishyTaco
SquishyTaco

Correct

GoofyPretzel
GoofyPretzel

This bonus thing should remove from CTC

DerpyQuokka
DerpyQuokka

Do you receive exact amount of performance bonus which is mentioned in offer letter? or it varies since it is taxable?

MagicalTaco
MagicalTaco

Just to give context, when I joined they say like you can performance bonus over 100% as well but the latest one I got was around 63% it almost creates a 10k of difference in monthly salary

SwirlyNoodle
SwirlyNoodle

Nothing to be disappointed if you did the calculations while joining. I have been in organizations where variable pay is 0 or 100% nothing in between. Variable means variable - expecting to get a constant percent is your folly. Any day I will not include variable pay for my salary negotiations or for my decisions to join an organization. Yes it’s a differnt case when you are joining high growth orgs but not plateaued companies like infosys. There was a time when infosys also used to give 100+ variable pay. But those days are long gone. Some smaller high growth units within infosys still get it but most don’t.

Discover more
Curated from across