Today I got offer letter from Oracle

In the letter they did not mention any joining date, but I informed I can join from Oct but question is where I can confirm this?

Next, in the letter they mentioned following:
Basic Salary (A) - XXX amnt
FBP (B) - XXX amnt
Total Gross Pay (C = A+B) - XXX amnt
Company PF (D) - XXX amnt
Total Gross (C+D) - XXX amnt

In addition bonus 15% p.a. on annual gross pay (basic pay)

Need to know what will mnthly in-hand & other deduction? How to calculate bonus?

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Even I am in same phase. As an immediate joiner I want to join them on 22nd Sept. Received the offer letter and completed all the BGC documents. Waiting for the date of joining confirmation. Just having a fear in my back of the mind whether they can onboard me in time or not!

likehelpful

They have confirmed my joining date on 6th October. Is it wise decision to wait for joining? Apart from Oracle, no one is ready to counter the offer, not even matching the offer. Please help me with what needs to be done. Is there any chances of offer revoke from Oracle's end considering the current market scenarios.

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Oracle has a clean salary structure, expect everything to be in hand after PF and IT deduction.
Also dont worry about joining date, they have removed it from offer letter since 2018.
Your hiring manager will add it in system after discussing with you and you will get an intimation via mail.
Imp-Your manager is the most important Point of contact (even more than HR) before joining.
If you have more questions, please DM me, I've spent over 6 years in oracle over 2 tenures

likeuplifting

A+B=X/12=Monthly Gross Salary-PF-PT-Tax=OnHand Salary
Annual Bonus - 31%Tax=OnHand Bonus

likehelpful

So forgot D, (A+B) - IT - other deduction is your gross in hand.
Thanks
Gyan ...

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How many days did Oracle took to release the offer after your interview?

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For me it took 2 weeks

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Every Mondays and Thursdays you can join

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I got joining date yesterday

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Your hiring manager will ask for joining date and then put same in their system, u will get notification in email for the same once he said.
Better check with manager or HR person

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Thanks i received the joining date.

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Remember the bonus is something that for all purposes of calculation you may get only once in a couple of years that too when all your stars are aligned. Alignment of stars definition: your relationship with manager is good, your manager is proactive, oracle does good

likeuplifting

Joining date would be as per your confirmation to hiring manager /hr partner.no worry for that. They will send the email one/2 days before for finishing the form. Salary - bonus is annual mentioned.hence leave that. Rest will be in hand after deducting tax. You have choice to opt the LTA and other as per of flexi...by the way which unit you are joining , experience and grade if you can comment?

helpful

Thanks, i mean you will be to Oracle IDC, or OSSI ?

How much they offered you??

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