Table of Contents
How much is the variable pay in mindtree?
Mindtree has fixed 12\% of CTC as variable pay, which they call it as performance bonus. Half of this performance bonus is given in every month’s salary and rest half is given at the end of each quarter.
What is FEP in CTC?
FEP means “Flexible Expenditure Plan”. In Minditree, your salary has two components Basic and FEP. In FEP, they include HRA, Bonuses and other allowances. If you don’t declare your FEP, you will get only Basic component of your salary/
What is C1 in Mindtree?
Average Mindtree Senior Consultant C1 salary in India is ₹ 3.8 Lakhs for employees with less than 1 year of experience. Senior Consultant C1 salary at Mindtree ranges between ₹ 3.5 Lakhs to ₹ 4 Lakhs.
What is the salary of C2 in Mindtree?
Average Mindtree IT Analyst C2 salary in India is ₹ 9.5 Lakhs for employees with less than 1 year of experience. IT Analyst C2 salary at Mindtree ranges between ₹ 7 Lakhs to ₹ 12 Lakhs.
What is C2 in mindtree?
C2 being Senior Engineer. C3 being Module Lead. C4 being Technical/Project lead.
What is stocks in CTC?
Stock Component is also a significant part of the CTC at most companies. This component contains company shares, equity, ESOPs (Employee Stock Ownership Plan), or RSUs (Restricted Stock Units) depending on whether the company is listed in the stock market or not. The stocks are generally not provided when you join.
What is Flexi component?
An employer provides various flexi components, which an employee can claim based on the actual expenditure incurred by them. Such components include: Broadband and telephone. Fuel expenses and driver allowance. Books/periodicals/self-learning expenses.
What is the salary of a C4 in Mindtree?
As Mindtree pays the variable component (12\%) monthly till C4 position so you can consider the salary as fixed salary. After all the deductions (IT, PF, Professional Tax and others) and considering the mentioned amount as fixed salary you can expect to get anything between 73–76k.
What is the salary of a software developer at Mindtree?
, Software Developer by Profession. As Mindtree pays the variable component (12\%) monthly till C4 position so you can consider the salary as fixed salary. After all the deductions (IT, PF, Professional Tax and others) and considering the mentioned amount as fixed salary you can expect to get anything between 73–76k.
What are the limits in a letter of intent?
The limits in letters of intent have largely (except in two cases) been found to be ineffective in limiting the employer’s liability for works carried out by the contractor. Any employer who believes they will not have to pay for works carried out beyond the scope of the letter of intent is mistaken.
How many letters of intent were written to Kier Northern?
On the advise of Turner & Townsend, the contractor, Kier Northern, was appointed on the basis of a letter of intent to allow an early start on site. In the event, 8 letters of intent were written and the contract itself, despite being substantially agreed, was never signed.