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Hi Fisher,
I am working in TCS with total year of experience as 3.8 Yrs. I am having an offer of 14 + 1 LPA ( joining bonus ) from prod based company in Mumbai. I got selected in CTS. Can CTS provide me 20 LPA with this experience. ??
Please do reply.
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Hi Guys,
I had referred my friend in CTS, who joined in Feb 2022 & will complete 3 months (active payroll) on 15-May-2022. I received a mail confirming my referral acceptance.
Meanwhile, I have handed in my papers & am serving my notice period with my LWD being 23-May-2022. In this case, will I receive the referral bonus?
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No! I love it. After practicing for a while you realize busy seasons for different practice groups ebb and flow. I’d hate to not make a bonus just bc it was a slow year for my group. It happens to all groups. We all work very hard.
Right ... of course you’re going to feel “boo hoo this is soooo unfair” when you’re busy but let’s not be so shortsighted. So happy I happened to end up at a firm that’s lockstep. I think this is maybe the #2 (after practice groups) thing people should think about when deciding on a firm but do not! Unless you’re someone who will only be motivated by a super competitive environment in which you have to fight for every scrap of work. No thanks!
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To be fair I’ve been getting discretionary bonuses for the past few years (and told it’s “an exception” every time) and probably many/all partners went through the same thing.
At what firm do you work? Sounds like it’s not actually lockstep if you’re getting these additional bonuses.
Don’t see how that’s different.
I am a second year and was feeling very taken advantage of during the pandemic. I was substantially over hours and had what seemed like a good review. Everyone kept saying my hours were a product of being good at what I was doing. But at the end of the day my bonus was the same as any other first year that had hit the minimums and substantially less than any one more senior than me hitting minimums. So some deviation from the steps would have helped with morale for sure.
I’m at a non lockstep firm and I love it because I benefit significantly, I made 50% above market comp for my year in bonus (plus market salary), but that comes with serious hours. People that do not bill as much can get whacked hard.
It’s great for high performers, but the bottom half really suffer it seems.
You can be a “high performer” and then the market tanks and you have no work to do. Then that bottom half is making bank. That’s all good but I personally appreciated predictability as a younger associate.