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Don’t confuse this with the basic salary. Since the 'annual base' consists of your basic pay plus flex benefits (Total Cash), it will remain the same as what you are receiving this year
Conversation Starter
Thats what I'm also assuming, base is different and basic is different
15% of base salary would be very less compared to the current Target bonus
Chief
It was the same always..
CTC = Base salary + PF + Gratuity + variable pay (15% of base salary) ..
U r saying now it got changed to 15% of basic salary? Base is diff, basic is diff..
Conversation Starter
Just had a chat with the HR team via life@ford, the merit letter indicates 15% of Annual base salary which is for global (other countries don't have FBA). In India it will be basic+FBA.
But let's wait till April to see.
By Base you mean Fixed (Base + Flexi)?
Yes, that's where I am confused.
It was base pay last year also. Base pay =basic + flexible without pf
Conversation Starter
Where did you see 15% of basic?
Conversation Starter
Its already 15% of base for me
Guys is the hike % revealed for everyone???
Chief
It is on your LL6 buddy.. check with him.
Yes Im seeing the same in mine
Did you talk about it with your manager?
same (15% of annual BASE salary) mentioned for me, but when I joined it is mentioned as 15% of annual salary.
So they reduced it? :(