HCL
HCL
on
PerkyPanda
PerkyPanda
20mo
by

Trending @HCL; Offer letter breakdown

Recently got offer from HCL. Can somebody explain what's Monthly flexible bucket(MFB), Advance monthly performance bonus (AMPB) in monthly component? Is it payable 100%? Whats the difference between AMPB and engagment PB?

20mo ago
SillyNoodle
SillyNoodle
20mo

Some percentage of your performance bonus is distributed monthly, generally 50% of your yearly PB. That’s AMPB. By May or June, the remaining part of your yearly bonus will be given lumpsum now don’t expect that to be remaining 50%. The percentage of bonus will be advised post your appraise it can vary and I have generally seen it to be 80% and so half of that would have been given in your monthly and other half would be given to you by May/June after 30% tax deduction.

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