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Bonus will be prorata
You will listen to Bonus and Hike news in First week of March (Match 4th)
Hike is for the next financial year, pro-rata is for time spent in the origination.
So bonus is pro-rata
Hike as you said could be low for new jioners compared to the guys who spent more time. But not called pro-rata.
Did we got anything regarding bonus payout ?
Chief
Oh, weird, that is too bad. Shouldn’t have been done.
How much bonus they are giving ? Is annually one or twice ?
Chief
Annual Bonus.
Rising Star
Bonus will be credit in current month and hike will be added in April Month salary, whoever joined before 31st December.
I saw somewhere that the bonus is capped at 92% at the organization level. It may vary down to each department level.
Chief
Yeah, I too know. In terms of Bonus, situation seems pathetic. And many still haven’t been told. Not sure why Bonus is being cut, doesn’t make any sense, reflects very bad.
Though at least some hike is being given to all eligible, which is good, because usually it is the opposite in many organisations.