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What do you like about working in tech ?
Can I get 11 likes to get my DM started.
Thanks
Hey fishes, please help me out on which company to join.
YOE - 2.5
Stack - Java, Springboot, API development
Offers - TCS (14 lpa), T-systems (14 lpa)
I’m looking for good wlb, good office culture but also steady growth and learning in terms of technical stack. Please provide suggestions.
T-Systems International Tata Consultancy
Additional Posts in Ford Global Business Solutions
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Chief
This is how it works at Ford:
CTC = Fixed (Base + PF) + Variable...
Eg: CTC of 25 lpa= 22 (20 +2) + 3
Hike happens not even on the entire fixed component.. It happens only on the 20L in the above example..
Assume 10% hike, so, 20L + 10% hike = 22L
New TCTC will be = 24.2 (22 + 2.2) + 3.3 = 27.5 .. Why 3.3? . In your offer letter, you would ve seen that the Annual Perf-based Variable Pay is straight 15%.. So, 15% of 22 = 3.3L
Assume 10% hike runs on overall CTC rather, then 25L + 10% = 27.5 approx.
So, whether hike runs either way, overall CTC would still be slightly same..
When the base salary in the fixed compensation is increased, the retiral benefits will be increased automatically.
Why because, retiral benefits are not a fixed amount it is based on the basic salary.
PF : 12 percent of basic salary
Gratuity: about 4.8 percent of basic salary
So, as the base salary increases it automatically increases the basic salary which in turn increases the retiral benefits