What’s the difference between a variable pay and bonus ?

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If you're taking about Annual Bonus then it is also like Variable where it depends on Company and your performance

Maybe the time of payment can be varied...some pays it Semesterly or some Yearly

If this is Joining Bonus or Relocation bonus it will be paid to you in 1st Month salary after tax deduction

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So one should prefer VP over Bonus ? Considering bonus is paid yearly and not a mandatory compensation.

bonus you will get 100% and it is guaranteed.

Variable pay may or may not be given to you , i mean youn can get 0% to 100% of your variable pay on the basis of other factors like your performance, companys performance etc

Bonus is not guaranteed either, I don’t think it’s mentioned in the offer letter too.

Variable pay is part of your CTC and bonus is outside your CTC

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