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Hi fellow fishies!
Can someone please explain what is “SUPPLEMENTARY allowance” in my payslip??? It is the highest in my entire payslip, more than basic salary. Basic is lets say ₹7 lac annually and supplementary bonus is ₹7 lac 40 thousand.
Can someone please explain why this exists in my paylslip, is it good or bad from tax perspective and shall I ask my HR to decrease it???
Please help asap.
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Last year, starting salaries increased by about $10k, so all associates received a raise that was about $10k. Expect your raise to be in line with however much starting offers for associates increased from last year to this year. Expect bonus to be around 5% of your current base.
Also note that bonuses varied from 1.5% of base salary to 5% of base salary for associates last year.
@P3 new hires start in August. September isn't exactly mid-year in the eyes of new joiners.
This is an experienced hire not campus right? Also - even if it was 11 months instead of the full year you'll hear the excuse when they give you the low numbers.
Be up for promotion. Is there a certain range or is the bonus, base pay bump (is any) pretty standard across the board? I have a call with my RP today and just want to make sure that I am prepared and can provide him with all of the necessary info
Thanks @P2! Is the bonus variance related directly to performance or are other factors taken into consideration?
Hate to tell you this - but coming in midway through the year is the easiest excuse for them to lowball both salary and bonus.
Performance + how the firm did during the fiscal year. Performance = your ranking 1-3, not like "OP is a winner! He gets a good bonus." I'm unaware of what the bonus pool looks like this year, though I know others are talking about it.
This is all super helpful, thanks! So will base pay definitely increase or does that sometimes not happen?
@P3 fair point
P3 - pretty sure this is for campus hires not experienced hires
I'm an experienced associate, not an experienced hire. Campus hire from an MPH program