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Tata Consultancy Posting behalf of one friend:
Tata
If a company(X) is moving some of its permanent employees to another company Y as a part of contract then
1)how company Y will provide salary offers to these moved employees(will it be less, more or same as company X).
2) if company Y is TCS in this scenario, how it'll be in TCS.
( the contract b/w them is Y needs to provide support to few applications of X and the X employees currently supporting these apps will be moved to Y as permanent employees of Y ).
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An interesting post by an “unicorn hunter” lol.
Can I get some likes to unlock dms please 🙏
My little shelf-garden
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This seems very generous! If you bill 2000 hours at a rate of $200/hour (which is a really low rate, it should be even more), that’s $30,000 in annual bonuses. Even more if your rate is higher.
Is your firm hiring? Ours is ~discretionary~ with no further info provided regardless of who I ask
Oh I think they count on it 🤦🏼♀️
That means they're essentially not making any money off of you billing over 1850. Which is an interesting incentive for them to preserve your work/ life balance. I wonder if that's reflected in the partner crediting too.
Yeah, seems like a really good deal, assuming they have the work to let you bill over your requirement.
That’s very generous. My firm gives us a 1/3 of what we bill over the annual hour requirement (ie if my rate was $200, I’d take home around $65 an hour).
Thissssssss is so wrong but has been the practice at my last two firms. My current firm is a moving target where it’s a small percentage of your “average billable rate” and our rates are already low as hell. So we never know what the multiple will be. A new partner joked she was able to buy a pizza with her last bonus as an associate.
Our firm is on a 70/30 system. As a third year, for sample, the max bonus is $55k. You get 70% for just hitting your minimum hours (2000 or 1900 track and so forth). 30% comes from firm citizen ship (pro bono, committees, DEI etc.). If you don’t hit your minimum, you can still qualify for some type of bonus
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Bonuses are usually $5-10K for every 100 hours over the minimum. That’s an amazing structure
What firm is that?? Soo generous
That seems great!
Our hour requirement is 1950. If you hit 2050 you get 5% bonus and if you hit 2150 you get 10% bonus.
That’s a really good bonus structure. My firm is exactly the same but we’re paid $50 for every hour or go over our monthly billable hours (155hrs/month) and it’s taxed. PTO and firm holidays don’t count towards your monthly total so if you plan to take off that month or there’s any kind of holiday, you’re fucked.
Seriously what firm is this?! Lol I need to apply.
I find it hard to believe that your firm chooses to lose money on your hours past 1850.
If you hit client billable and other requirements (Diversity, Pro Bono, Admin), which total 2100, you are eligible for a discretionary bonus based on your individual net profit margin. There are accelerators after 2,000 client billable and spot bonuses for 2,200+, if you meet your other hour requirements.
None.
whenever my boss feels like it...
At my current annualization this would get me a 1.6m bonus. Sounds good to me.
It also sounds like really dumb math on the part of your firm.