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Hi fellow fishies!
Can someone please explain what is “SUPPLEMENTARY allowance” in my payslip??? It is the highest in my entire payslip, more than basic salary. Basic is lets say ₹7 lac annually and supplementary bonus is ₹7 lac 40 thousand.
Can someone please explain why this exists in my paylslip, is it good or bad from tax perspective and shall I ask my HR to decrease it???
Please help asap.
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Any one knows which company ctc is this?
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How much do VPs at Summit or TA make?
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I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?
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Your first point is true for most IT companies. Salary depends on current CTC, experience level, Tech Stack ,negotiation skills etc. not just on years of experience. Hopefully you get higher salary with your next switch.
LTC is a new company and policies and processes are not streamlined yet. Hopefully it will improve in future once the dust settles.
I agree it's a new company, but all things cannot be discounted solely based on that. We have highly experience and esteemed leaders, if the planning had been proper and focused on execution then scenario could have been different than what we are seeing today.
After all we all have left our jobs and placed our trust and valuable time on LTC.
My experience with lloyds is ,
There is too much of micro management happening over lot of projects, there are some projects asking to come to office daily(they told coming to office is not a choice any more) ,most of the projects are data migration / application migration projects to GCP
Coming to hiring, they just hired like anything as they want headcount first, so u can see there are many people whose recent experience on data anlyst for 9-10 years , putting them on data engineering or data scientists position, this is main concern
Coming to HRs, they wont respond, reply , i dont know really they were busy/acting like they busy( because all hirings are happening over third party),u can see many people outside the ofc , chitchatting over there
Pay structure is very bad, passedout students are getting more than 3-4 yrs exp people ,i see this issue with many people over there , there is a lot of dissatisfaction, they just waiting for one year to complete in the company , i heared this from many people
Its a new org setup, i understand but there is no proper planning over project allocation/hiring , they targetting 4500 over this year end , they are in contract with whole building take over near sattava , so looking at this i dont think better to join at this point of time , if u had other offer , i can say that
Now they were hiring on contract basis of 3 months, if u dont perform well, u dont gonna get full time - they were giving high pkg, greater than what employee asked, after 3 months they show u full colors - based on ur performance, we have budget this and that, if u ok, u can accept offer with this salary else , u can quit kind of , this is happening, so better be aware of this while accepting those offers
Are you saying that after the 3 month probation, they are giving a new/reduced salary offer letter?
Note : The post doesn't mean I have faced or experienced all of the above. This is based on conversations going on the floor. Post is for those who are looking for answers before joining.