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Hi All, I got a offer at BNP Paribas Chennai, 21 Lakhs, my current CTC IS 15 lakhs fixed, here we don't have any bonus. BNP is saying they have bonus component on top of CTC. I'm ok to relocate to Chennai from Hyderabad. Not how would be the hikes and bonuses BNP Paribas.
I have 10 years of experience in change and Transformations & project Management.
Could you please advise is it a good deal. How would be hikes,bonuses any other allowances.
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If you join keep in mind layoffs or reorg, bad hikes etc
Exactly Layoffs are in everywhere
Yes , variable pay will not be mentioned in offer letter.
What's the offered CTC from HSBC and what's your current
+1
Hi buddy.. congratulations for getting offer from hsbc, will you please let me know how you got the offer, I was trying a lot to get in habc but did not get any reply from them till now.
No, I was applying on the carrer portal of HSBC but did not get any response from them
HR said you’ll get minimum 4L and it can be upto 8L depending on your and company’s performance.
HSBC Folks - Help me understand this, is there anything like this minimum or fixed bonus what you guys receive?
The Bank follows the concept of OTVP - On Target Variable Pay
If the HR mentioned 4.2 will be paid to you as a minimum - It means if you are performing / meeting expectations, you'd be paid at least 4.2 L if you exceed expectations, you can expect Max of 100% of this Variable. So yes, 4.2 is the Fixed variable - given you are performing
This can go down in case you fail to perform as well
You'll be able to see your CTC and Variable for a performance cycle reflecting in your annual hike letter
Did you get an offer?
Yes
How much was offered...?