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Hi friends, Wanted to know your views on the below offer, is it avg for Oracle or should I ask for more - From oracle india for position of senior member of technical staff. Offer is as follows CTC - 26.35 lkhs Stock units - 52 per yr (est Rs. 3,70,000) I have experience of 4 yrs into frontend domain on react, js etc Oracle Oracle India
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Variable is mostly a % of your base salary. When base salary goes up the variable goes up too.
Chief
11LPA (including 15% variable)
Original Base: 8.7 LPA
New Base: 9.57 LPA
Ctc
When you get offer letter, they will tell you that variable pay will be a percentage of basic(10% for ex). On every pay raise, you will notice that variable pay will increase more than basic (in percentage raise)
Like any other company, hike will be overall in all components. But expect variable pay to have a hight weightage in the pay increase going forward