Hello Fishes !!
What are your thoughts on the new salary revision for HCL Software as per the mail from hudson. Is it beneficial or overall it will decrease our Take home salary?

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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.

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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%

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