Performance Bonus |
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Oct 2nd, 2009, 00:13
| #1 |
| Member Join Date: Oct 2008 Location: India
Posts: 5
| 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 |
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Oct 2nd, 2009, 10:43
| #2 |
| The Fortunate One  Join Date: May 2007 Location: Road
Posts: 6,915
| 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. |
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Oct 2nd, 2009, 11:23
| #3 |
| Maha Guru Member Join Date: Sep 2005 Location: India
Posts: 5,608
| 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. |
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Oct 3rd, 2009, 15:14
| #4 |
| 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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