What percentage of salary should be variable?

At junior level, variable pay ranges from 10\% to 15\% of the fixed pay. However, for employees working in the sales department, variable pay plus sale incentives can range from 30\% to 40\%. Sales incentives aren’t defined as variable pay as they are as commissions.

What is variable performance pay?

Variable pay is the portion of sales compensation determined by employee performance. When employees hit their goals, variable pay is provided as a type of bonus, incentive pay, or commission. Most employers compensate employees with variable pay in the form of cash, stock, or paid time off from work.

How do I calculate variable pay?

How is it Calculated? Variable compensation as a percentage of total compensation is calculated by adding up all variable compensation and dividing that sum by total compensation.

Is variable included in CTC?

To put it in simpler terms, CTC is a company’s spending on hiring and sustaining the services of an employee. CTC is considered a variable pay as it varies based on various factors and thus when the CTC varies, the take-home salary or net salary of the employee varies.

How often do you get paid in Virtusa Polaris?

Variable pay in Virtusa polaris is paid every six months, it depends again on the project you are working for. I work for BT and what you said above is true. We do get 100\% for rating 3 most of the times being in tier-3.

Why did Virtusa and Polaris merge?

The combination of Virtusa and Polaris creates a leading global provider of IT services and solutions to BFS, bringing together Virtusa’s deep domain expertise in consumer and retail banking with Polaris’ proven strength in corporate and investment banking.

Who is the new CEO of Virtusa?

Jitin Goyal, CEO of Polaris, named President, Banking and Financial Services (“BFS”) of Virtusa and Polaris. Raj Rajgopal, President of Virtusa, named President, Enterprise Technology & Solutions (“ETS”) of Virtusa and Polaris.

What is the mandatory open offer for Polaris shares?

Virtusa to commence a mandatory open offer to purchase up to an additional 26\% of the outstanding shares of Polaris beginning on March 11, 2016.