Hi fishes,

I have got offer from
ADP (24 LPA (20 % variable pay)) - Sr Member Technical - grade g2L2

State street corporation ( 24 Lpa fixed ) - Java full stack tech lead.

Question : is variable pay expected to paid or are there any cases variable pay is not paid.

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Posting as :
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State street is good

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What’s YOE?

5.3

Variable pay will be paid as per company policy. You might get more than 100% or even less than 100%. Get in touch with someone in ADP on LinkedIn and get that clarified.
Variable pay will not come under tax exemption, if you are being paid 100% i.e 2L - 30 % of it will go in tax - 60k. So you will get 1.4L only.

That taxation aspect you wrote about, is meaningless and misleading if someone doesn’t understand taxes well. At the end of the year, it all evens out. So whether the amount comes as part of one-time Bonus, or monthly salary, the year end total net pay remains same.

Even i got an offer from ADP with 19.8 LPA on 9th dec 2022 , on offer Letter it mentioned as 100 to 200% variable pay as per performance.

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