HI I recently received the offer letter from citius tech in that there component of variable pay of 1 lakh that will be after completion of a year

Can anyone explain?

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They will pay 1L when you complete one year, and then it will get added to your fixed pay.

This is guaranteed variable pay, and your next appraisal will be on 18L.

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You will not get lumpsum amount 1l after one year of completion. It means from next year your salary will be 18 l and appraisal will be based on 18l .

Got to know from citiustech HR

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Great .. Thanks for the confirmation. Now i need to talk to my HR 😅

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Yoe and tech stack?

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This happens when you ask for more money than their budget. So they give you this extra money as part of end of year pay.
This is to make sure that you don't leave the company before a year and if you do you won't get this amount.

It's better to have this converted to your fix pay if possible and keep no variables.
Btw just curious what's designation and YOE you have for this much package ?

After end of 1 year you’ll get this 1 lakh amount. It’s pro rated. I got this after 10 months depending on cycle. After that this is clubbed to your fixed CTC . So next 2 months I got it in my salary.

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+1

Have raised ticked to confirm on the yearly variable, HR confirmed that variable will be paid end of one year and then it will be added to fixed salary.

When is your joining date ?

8 nov

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