Can anyone here explain me the variable component in Mindtree??
HR said.. everything is fixed , there is nothing variable here.
Is this true ?? Or is it that there is variable which is being paid monthly and which can actually vary month to month??

Please explain if anyone can.

like
Posting as :
works at
You are currently posting as works at

Nope
Whatever amount they have alloted for variable pay, will be paid monthly.

So, if you're getting 60,000 variable, it'll be
60,000/12 = 5000 per month

like

So only tax deduction will be there right?

Yes for level <= C4 that's true. Variables will be paid on a monthly basis.

likehelpful

Hi,

Suppose the bonus mentioned in offer letter is 60000 . So per month ot comes to 5000 . (Ie 60000/12) .
Till here it is understood.

But suppose the person joins in the October and suppose the appraisal cycle is from July to jUne. So will the person get the bonus as (60000*9/12) ie 45000 as he served from October to June (9months)

Please reply

Thanks

Thanks

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