Hello Fishes
I have an offer with
Société Générale with 5L as variable pay. If i join the company on 1st September, will I be eligible to the variable pay?

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Maybe yes, if you have joined before 1 October, you are eligible to get, but only for 365/ number of days like that.

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Yes you are eligible if you join before 30th Sept. And it is pro-rated. Also, just fyi, they have increased the variable component a lot in the CTC just recently. It's approximately 20+ percent of your ctc. So this year no one knows how much to expect.

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Thank you for the reply!!

You will be eligible. The hike and bonus will be standard rate and not based on your performance as you joined in between. There is a difference in the bonus amount on offer letter and actual bonus

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My joining date with SG is on 24th October. As of now I understood won't be getting Variable pay/bonus in upcoming appraisal. But wanted to know if I'm still eligible for the yearly Hikes or not ?

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