Hi,

I got an offer from Socgen and they haven't mentioned any Variable Pay during offer discussion. Fixed CTC is discussed. When I have asked they told that Variable Pay or Bonus will be there and depends on performance and rating. But they can't mention any Variable Pay in the offer letter.

Can someone please suggest if it's the current process now in Socgen or I will not get any Variable Pay as it will not be mentioned in offer letter?

Please help.

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You would get it. During covid time as market was good they all companies were giving fat package. To match the market numbers even SG added the variable which was some 15+ %. However old employees were unhappy as compared to earlier the variable pay actually given is way less. Hence they revised again. Mostly you should get about 2 months of pay as bonus on average

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Ok.. Thanks for the details. How is the yearly hike percentage in Socgen?
If you can share the rating structure and hike percentages , that will be great.

Please note if your performance is sub par, the percentage could be 0.

For some reason they removed it 1-2 years ago.
No one knows why

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