Got selected in HSBC, yet to receive an offer in a day or two.
Designation - Senior Consultant Specialist
HR mentioned about the fixed pay and then mentioned about the bonus/variable pay.
He said it ranges from 4.2L to 8L
I'll get minimum 4.2L
But there is one catch, this won't be added and mentioned in CTC in my offer letter.
How am I suppose to believe this.
HSBC folks, if you could shed some light on it.
Thanks in Advance

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

If you join keep in mind layoffs or reorg, bad hikes etc

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Exactly Layoffs are in everywhere

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Yes , variable pay will not be mentioned in offer letter.

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What's the offered CTC from HSBC and what's your current

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+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.

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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

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How much was offered...?

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