What is the QIP you all got? I always used to get 11% or more. This time it's 9.5%.

Not sure how this is done. Nothing wrong with performance.

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Used to be 12-13% for me but last time got 10.5, this time it’s 11. So no extraordinary company level change IMO.

You got lower because your manager chose to give you that. Not because FIS adopted some new policy or FIS wide everyone got lower than what they typically get.

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As usual 10%.

80 to 100 for meets expectations. Lesser than that then RIF or PIP.

I have not crossed 10 yet

Your manager takes the call

Do we not get 25% qip for each quarter? Like 25% for first and later quarters 25%

10% of your CTC is variable pay which is called QIP and is disbursed every quarter. Depending on your performance of the whims of your manager, you may get more/less than 10% in some quarters. How much you have been getting so far can be checked in Workday. Go to Pay from left hand side menu and select “Bonus and One Time Payment History”.

Hello, when you say 11%, do you mean 11% of your CTC? I recently got an offer from FIS that includes 10% of CTC as variable performance pay, so I just wanted to understand how it is usually paid.

Let’s say your Fixed is 10L and variable is 1L. Variable 1L is paid out 4 times a year. Around 25k everytime (excluding tax) A 10% payout in a quarter means you’ll get 25k. An 11% payout means slightly more than 25k. If you receive 10% each quarter, you’ll receive 100% of your variable for the year. Typically, most people receive around 10% each time. I know it’s a bit confusing, but that’s how it works.

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