Compensation review SSIR India Senior staff
Hello All, Please help me evaluate this offer from SSIR india: Senior staff Base: 66 LPA + 150000(Flexible benefits) + Gratuity + PF bonus: Company Bonus : 428571 INR ( pro rated as per joining date) Performance incentive : 750000 Joining bonus : 2000000 LTIP plan:1500000 ( vesting in 2years) current comp in Qualcomm: Staff Base pay : 55lpa retention bonus : 5L RSUs: 40k/3 vesting in 3 years YOE: 10.5 #hardware #semiconductor #SSIR #qualcomm #salary #compensation
I think that's as high as sr staff goes. Excellent offer. I guess you may try on LTIP based on your unvested RSUs
What is ltip?
Can u ask them to increase my base between 70.75
How much is the first year TC? ...there are just too many components to understand
Joining bonus may look attractive but please remember to ask about the payout plan. Is this one time or split payment? Any locking period? Secondly the performance incentive based on your performance only or company performance?
At 10.5yroe, 66lpa base is awesome. congrats
Isn’t this a downgrade? Assuming you’ve already been a couple of years at Qualcomm, your annual stock vest will be 40k and that pushes your current comp to 92L per year without accounting for any dividends or stock appreciation. At Samsung, you’re getting max 85L recurring if joining bonus isn’t considered.
Thanks for your answer . How is that a downgrade ..I am also getting LTIP from.samsung which vests incrementally and performance incentive per year .
66L + 4.2L + 7.5L(perf incentive) + 7.5L LTIP = 85.2L You’re not guaranteed to get LTIP and perf incentive every year, hope you realise that?
What is LTIP
Is this in Bangalore or Hyderabad?
Bglr ..any suggestions on offer
Excellent offer
really?, as per my current compensation, ? Do you think i can nudge them a bit for bumping up base a little?