Hi folks,

Need your answers please. What is a bonus/variable compensation in mindtree offer letter? They mentioned that it is 12% of CTC and is guaranteed and payable in equal monthly installments. But my HR said there is no variable pay in mindtree. On offer I could see this term "bonus/variable compensation". I am just confused. Can anyone please clarify, whether this amount will be given in hand or its variable?

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Till C4, 12% variable is there which is paid fully on monthly basis along with your salary. C5 and above has 16% variable paid semi annually.

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Thank you for the clarification! Am clear now.

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What about for c5 grade?i joined just now. hr said it's 100%. But other it co like tcs it is based on isu performance??what about Mindtree???

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