I have gotten an offer of 24L (22 Fixed + 2 Variable). + Joining bonus of 2L.

Band 8.

My YOE: 13.

Current CTC: 16L

Technical Architect...

I know they are low balling me and not budging above these figures...

I might use this offer to resign and get more opportunities.

My question here is. What's the benefits of band 8. How's the annual bonus program? How much do we get?

Also. What would be the annual hike be like?

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Unix, AIX infra expert. Architect level.

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Architect was band 9 level when we were in IBM.might be they have downgraded it now.

Band 8 is a SME band and is equivalent to a manager.Hike and all i heard is non existant so keep your expectations low.Only benifit which my friends tell me is that being a new company you MIGHT expect some growth as competition is less and you can learn a lot.Apart from that its just a regular company.
May i know what skillset they hired you for?I am about to complete 5 years in my current company and may want to try.

Band 8 in terms of management would be someone at a Sr Manager. The benefits would probably include travel, telephone. Maybe travel to regional locations within the country. Since this is a new company, to avoid mass resignation, they have given the sweet allure of a 3 month GDP payout and will resume the annual bonus plan now from April this year. Can't say for sure how it's going to be but when it was IBM, it wasn't great. Pathetic to be honest. But it could be different for band 8.

Bhai, it means that the bonus will be paid for the months Jan - Mar 2022 in June. Then they will resume the usual bonus cycle of April 2022 to Mar 2023.

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Joining bonus of 2l is attractive for band 8 you should expect more than 25lpa fixed and one thing I can write and give you will get less than 50 percent of variable pay mentioned there may be 65 to 75k so be cautious.And i dont think they will be open to negotiations further,its still typical ibm mentality we have here

I got the offer letter... The variable they spoke about is the retirals.. the bonus is not part of the CTC, but mentioned in the letter ..

I have an offer of 28 fixed from Oracle Now... Need to see whether Kyndryl can revise

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