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Hello Société Générale folks,
Looking for some honest advice. Considering an offer with SocGen B’lore for Specialist Software Engineer position with 5.5 years exp and into Tech service management. Could you please tell me a bit about following points?
- I see 25% of the compensation(5Lakhs) is Variable. Does company even pay 60% of it at the end of the year if you perform say 4/5 rating?
- What is an average annual hike that the firm gives?
- How is the work culture? Societe Generale
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Don't get carried away with 3x variable mentioned in offer letter. Till last year, only x amount of variable used to be mentioned in letter. It is recent change to show it as 3x just to show inflated salary.
Unless u get top rating (which is very difficult) and are in career level 7/8, u are unlikely to get 3x. For 2 rating, u end up getting around 1.3x - 2x at max , that too depending on your base salary.
Maximum is 300%
Does SG revise offer after they release offer letter ? How much is hike every year ?
Generally on average how much do they pay from variable pay ? Variable pay - Is it 25% for all employees? Can I talk to the HR to reduce it ? Please help.
There is no benefit on negotiating with variable pay. Work on fixed CTC instead. There is no guarantee on how much VP one can get. I have seen folks getting as low as 5%
Even I have the same question...@societe generale @socgen
3x depends on rating if ur rated1-then 3x
Rated 2-2x
Rated3-x (x) being ur gross salary per month
Getting rated 1is really difficult
I am about to get an offer from societe generale. If my variable pay is 3 lakhs, for 1st rating will i get 3 lakhs and for 3rd rating just 1 lakh? Please help to understand this and how is the yearly hike and technology stack. I head Work life balance is really good.
Somwhere around der