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Hi fishes, Need help!!!!! Is gratuity deduction mandatory in Infosys from salary, if yes if leave the organisation after 1 year, are we eligible to receive the paid amount? Or only after 4 years we will receive? How one can opt out of gratuity???? Please suggest!!!!!!!!!!!!!! Infosys Infosys Limited
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Visual Storyteller
So what’s the new McK comp breakdown?
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Rising Star
Think this guy is pulling out early
Visual Storyteller
Insta ads these days be like 🤦🏻♀️
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Looks good - 401k match starts 1 year after working with the company so wouldn’t be included in your first year TC
When I was at ACN you needed 1 year service then whatever date came first July 1 or Jan 1 so you join in May and its about 13 months until match, 2 years to vesting.
Interesting, is this how most people have been calculating their total compensation? I’ve always only done it by base plus bonus
Rising Star
Only if you want to get wired and work all day and night, then your TC/hour would go down.
Dude do you actually like the job?
Chief
Bonus is not guaranteed, and I can’t remember if the Accenture 401k match has a vesting period. For the stock purchase, you will need to front the money to purchase it. Overall your calculation logic is right.
ESPP is max $15k/year. Check that again.
Pro
Bonuses at Accenture are like non existent from what I remember. This calculation made me chuckle, it’s accurate, but it’s the same way microsoft HR tries to tell us our total comp is 🤣 they throw in health too
Pro
Omg. Our tc tools only lists base, bonus and stoxks
Pro
Sorry to be nitty gritty but if we want to calculate TC, I want to do it right. I did not include PTO in TC
People include 401k match in their TC??
Pro
Just cut the avo toast.
Next OP be like: on a personal trip, thanks to travels associated with this job aka status, I got a resort upgrade to a room worth $2k/night and we spent 5 nights so my TC is 207111
160+16=176k
Ask for a higher signing bonus. 10k is pretty standard and I've seen as high as 22k for a level 9.
If you're OK with HSAs, ACN will pitch in $500 for you and $500 for a covered spouse. That will help you to move the needle a bit to the 200k goal.
Congrats on the offer! What level are you coming in at? What’s your YOE? Location?
Are you getting any swag? You won’t get full retail on eBay but let’s say $10 bucks closer to $200k
Your TC for FB purposes is ~170k = 160 * (1 + 10% * 80%). Assumes you’ll get paid 80% of your bonuses over time.
Everything else should be a part of your calculus to compare against your BATNA.
Rising Star
Don’t calculate your sign on bonus because that’s a one time gig. They could give you a 5k bonus but not raise your salary and your TC would go down
...once you join, the benefits portal has a Total Comp tool
If you are manager and above, the bonus is pretty consistent due to the global comp- but not at the 10% rate (you’ll probably get $12-13k)
Having been at a company that had capped 401k match at $2500...I’d count the 6% match as that is significant when you get into higher numbers (nearly $8k using OPs #s)
Nah, to me your TC here is 183K for Year 1 with full bonus attainment, especially if you're trying to compare it with the trend of FAANG offers with RSU calculations baked in the TC. The rest are just optional perks/benefits that can be treated as nice kickers.
Nobody knows if you’re doing it right because literally nobody does it like this lol.
Pro
What monetary value are putting on the EAP? And don’t forget those pithy postcards from Julie and other leadership.
Rising Star
Nobody counts like this.. base is what matters.
Bonus can be lower than that, and Espp purchase is capped at 7.5K every 6 month
Signing bonus seems low. Definitely can negotiate that