Performance Bonus

vcuvox · Oct 2nd, 2009, 01:13

If an employer has made an offer which includes an annual variable performance bonus, should this also be included in the official appointment letter? Or is it common that bonuses are discussed in the employment offer, but not included in official appointment letter?

Thanks

shashank.aggarwal · Oct 2nd, 2009, 11:43

Yes it happens all the time. the official appointment letter generally won't say anything about the bonus. Because its just that Bonus.

You should keep it in larger picture of your earnings, but should not rely on it.

jyotirmoy · Oct 2nd, 2009, 12:23

Well I am no HR professional but I think bonus & variable pay are two different things. The variable pay is paid quarterly the amount is based on achieving your KRA's and bonus is paid yearly the amount for officers depends on the company's overall performance.

dillichaat · Oct 3rd, 2009, 16:14

Afaik it's a common practice not to talk about the bonus in the appointment letter (for a variety of reasons, some good, some not).

I'm with Shashank: keep it in the picture, make sure the conditions for according it are crystal clear...but don't bet the bank on it, the salary should be ok even without the bonus (stuff happens...).

Oct 2nd, 2009, 01:13	#1
vcuvox Member Join Date: Oct 2008 Location: India Posts: 4	Performance Bonus If an employer has made an offer which includes an annual variable performance bonus, should this also be included in the official appointment letter? Or is it common that bonuses are discussed in the employment offer, but not included in official appointment letter? Thanks

Oct 2nd, 2009, 11:43	#2
shashank.aggarwal The Fortunate One Join Date: May 2007 Location: Road Posts: 6,820	Yes it happens all the time. the official appointment letter generally won't say anything about the bonus. Because its just that Bonus. You should keep it in larger picture of your earnings, but should not rely on it. __________________ Spineless Travelogue - Around India

Oct 3rd, 2009, 16:14	#4
dillichaat Professional cynic Join Date: Sep 2008 Location: जोर बाग़,New Delhi Posts: 431	Afaik it's a common practice not to talk about the bonus in the appointment letter (for a variety of reasons, some good, some not). I'm with Shashank: keep it in the picture, make sure the conditions for according it are crystal clear...but don't bet the bank on it, the salary should be ok even without the bonus (stuff happens...). __________________ When the wise man points out the black hole, the fool looks at the finger.

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Oct 2nd, 2009, 12:23	#3
jyotirmoy Maha Guru Member Join Date: Sep 2005 Location: India Posts: 5,223	Well I am no HR professional but I think bonus & variable pay are two different things. The variable pay is paid quarterly the amount is based on achieving your KRA's and bonus is paid yearly the amount for officers depends on the company's overall performance.