What is variable pay in salary slip?
Variable pay, also known as performance pay, is used to recognise and reward employee contribution above and beyond their normal job requirements, towards company productivity, profitability, quality and the like.
What is the salary of Oracle in India?
The average Oracle salary ranges from approximately ₹1.3 Lakhs per year for a Security Guard to ₹ 96.1 Lakhs per year for a Sales Director. Salary estimates are based on 24.2k Oracle salaries received from various employees of Oracle. Oracle employees rate the overall salary and benefits package 3.0/5 stars.
How do you calculate variable salary?
Your package= Fixed Pay (X\% of total package) + Variable Pay (100-X\% of total package). So variable pay is part of your salary package. You will get your fixed pay at the end of every month but you will get your variable pay once in a quarter/half-year/year (may differ from company to company).
What is the salary of CEO of Oracle?
$67,261,251
Oracle CEO Lawrence J Ellison is the next tech CEO in Equilar’s list at No. 7. The CEO of software giant Oracle gets an annual compensation of $67,261,251. This includes base salary of $1 and cash bonus of $741,384 and in $1,540,266 perks.
What is Oracle freshers salary?
₹6,82,359 – ₹11,58,703.
How much does Oracle pay in India per month?
How much does Oracle in India pay? The average Oracle salary ranges from approximately ₹ 2,50,297 per year for Accounting Clerk to ₹ 20,97,623 per year for Network Architect. The average Oracle monthly salary ranges from approximately ₹ 10,955 per month for Telemarketer to ₹ 1,30,000 per month for Software Architect.
What is the highest paying job at Oracle?
The highest-paying job at Oracle is a Project Manager with a salary of $173,332 per year. What is the lowest salary at Oracle? The lowest-paying job at Oracle is an Office Coordinator with a salary of $52,547 per year.
What are the pros and cons of working at Oracle India?
The Oracle US has awesome workculture and exposure to Technology Group. Cons: In India One can maintain Good Worklife Balance by being shrewed which is considered negative aspect in India. Oracle India is basically Outsourcing and only People who are willing to work 24/7 get good work and Ownership.
Does Oracle have a pension plan?
At Oracle Corp., they provide retirement savings plans for their employees. Employer-financed pension plans help to guarantee a steady income stream later in life. Oracle Corp. provides defined contribution pension plans.