Hi Fishes,

I got letter of intent from
Wipro . I got the CTC which I asked for but in that 3 lakhs given as deferred bonus, which currently not given in LOI.

When I asked HR I was told that deferred bonus added to monthly salary, end of first year they will be adding to CTC. Also deferred bonus will be added to offer letter only not in LOI.

Is DEFERRED BONUS a general practice in Wipro ?

Also is VP 3 months once ? Will there be any cut in variable pay ?

Kindly help on these.

like
Posting as :
works at
You are currently posting as works at

I think they will give u full deferred bonus after joining. And if u leave wipro within a year, u hv to return the whole bonus amount.
After one year.. Amount will get add to ur ctc

like

Same is what HR told, fair enough.

Such policy is to prevent people jumping quite often.

like

Just curious to know. My wife joined Wipro and it's been 10 months already but VP was not paid every 3 months stating Probation period, after 6 months probation was over, we thought we will get in next 3 months, but still didn't.
What's the logic,
How does it works ?

like

I got vp in probation period too.

Wipro will pay variable component each quarter and there is no cuts till now and all got 100% variable regardless of designation. I had joining bonus which is not mentioned in loi but was mentioned in joining letter and we need to pay it back if we switch within a year.

like

This deferred bonus is their new strategy. And variable pay depends upon your Billiability

Yeah to make sure we are sticking to the company is what HR told.

But it will be given in offer letter ? Also end of first year it will be added to CTC ?

Thanks for your clarification

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