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IMO, flat pay structure is helpful to us, earlier we would have received the bonus after working for 12 months at least, but now if we work 6 months and then leave the org, we get at least a bonus of 6 months.
Also it increases the amount we are receiving on a monthly basis, which may help while the job switch and a recruiter wants to see the last 3 months'payslip.
What change? Didn’t receive any email from anyone
It's good. But let's hope they don't decrease the variable pay amount which we were getting. Earlier it was 80% for GP, now this will get divided into monthly fixed pay based on rating and corporate bonus. Updated compensation letter will clear all the doubts.
Yes, i agree completely
When we can we expect the letters for hcl sw with this flat structure. It was mentioned shortly and it's been 2 days already. Also do we have any update for this year hike
received yesterday!!!
Also don't we lose out on 6 months variable pay as effective date is from 1st October 2024. What about variable component from April 1 to October 1?
We are supposed to get it by May or June, when we generally get the bonus. Might differ from person to person.. it is May-June for me.
Is it beneficial dude? Is it the replacement of this year hike?
How much increment percent each of u got. Mine is 3 percent
5%