IBM is offering me X amount + 2 Lac joining bonus.
But they didn't mention that when will I get joining bonus.
Is there any terms and condition for joining bonus and after how many months will I receive the joining bonus ?

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Hey, it should ideally be mentioned in the offer letter but if it hasn't been then for a safe bet you can consider that you'll receive joining bonus after a quarter of joining!

smart

Okay. I am yet to receive the offer letter but joining bonus was discussed in the PDM round. Just want to understand why they are giving big amount.in joining bonus and not giving it in CTC.

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See, either they can payout this amount in a single shot using joining bonus or have to add this to your CTC which they won't as this amount is one time payout and let's say you stay in the org for atleast 3-4years then adding this to CTC doesn't makes sense as they'll have to shed out more money on you in the longer run!

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So which company to choose
IBM

X fixed + X joining bonus

Or

Accenture

X-2 Fixed + X-1 Joining bonus + 15% variable

smart

Yes you are correct.
Accenture hiring process is worst than government office.
But finally someone from Accenture called me today.

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I have an offer letter from IBM... They have mentioned the joining bonus in it... Ideally it should be mentioned in the offer letter... Ask your HR SPOC about it.

smart

I got the offer letter from IBM and joining bonus is 2 lac but they mentioned the on condition on it.
If I leave company before one year than I have to return the joining bonus. If anyone else also received this kind of joining bonus and which othe companies also put this kind of conditions in joining bonus.

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Every company puts the same condition. In most of the companies if you leave within 1 year, you need to pay joining bonus (including the tax deducted) also any other benefits availed such as relocation bonus and all.

smart

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