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How is jpmc project at Virtusa?
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In hand salary?

How is jpmc project at Virtusa?
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What's the offered CTC and breakup?
If you want to generalize then it's hard
But yes employer PF is part of CTC
You basic will be 40% of your CTC
PF would be 12.5% of basic
Variable pay or bonus would be 5-10% of your CTC
You need to see the breakup to determine if and again it will be part of CTC
You have mid year and annual performance cycle
So half of your variable bonus will be paid based on mid year rating
The other half of the variable bonus will be paid on the final year rating
If you are T1, then not only your rating but also company performance will be considered.
Like 80% of the bonus amount will be decided based on your rating, 20% of the bonus will be decided based on the company performance.
So if you have got 5 rating, and bonus payout is 110%
Then 110% will be applied to 80% of your eligible bonus amount
And if company performance is okay, then 100% will be applied to remaining 20% of your bonus amount
Thankyou for the detailed reply. Appreciate it. My fixed was 23L they are offering 24L fixed. 2L variable. 1L joining bonus.
I have negotiated higher but they are not agreeing. They are adamant that 2L variable will be paid 100% for sure, which seems not real.
I have asked to atleast increase my fixed to another lakh but they are not agreeing and pushing to onboard quickly.
Np is 3months correct?
Also is hike rated from 1-5, if so what is the rating percentage received for each level?
Please provide answers.
I think 26 or 27 lakhs for T1 is little on the lower side.
What's your skillset/tech stack and how many interview rounds were there ?
Also why such less hike from 23 to 24 fixed ?
Any other counter offers you have ?
Coming to the variable pay, mostly even if you get 3 rating also which stands for minimum requirements met you will receive 95% bonus....
And there was no hike last year
Like there is no fixed hike cycle
But again hikes are in single digits unless you get promoted.
Before that I believe for 2023-24 perfomance cycle, hike was released in Jan 2025 in between 4-9%
For 2024-25, which was supposed to be received in Jan 2026 nothing was released
Expectations is again for this 2025-26, it might release in Jan 2027.
Yes Np is 3 months
I am into project management and delivery side, its a nontechnical role.
I provided a counter contract offer of 29.5 lakhs. Still the HR head kept the package to 26 in total. Since I was unhappy he added 1L as joining bonus.
2 technical rounds (Virtusa and Client). It was quick like in 4days they completed all rounds. Its an urgent requirement and i am an immediate joiner.
Yes if it is a requirement then they should approve.
I believe Virtusa would have just discussed without approval and fast tracked the onboarding before doing these pre requisites