Education: B.Tech from one of the IITs/NITs/BITs
Years of Experience: 3.8 (2017 graduate)
Prior Experience: MNC 1.9 years + Startup 1.9 Years
Date of the Offer: April 2021
Company: Joveo
Title/Level: SDE II
Location: Hyderabad/Bangalore (Currently WFH. Flexibility to choose post-pandemic)
Salary: Rs. 29,00,000 (includes PF and Gratuity components)
Relocation: NA
Signing Bonus: NA
RSUs/ESOPs: ESOPs worth Rs 8,00,000 vesting over 4 years. (Unsure about strike/exercise price and units)
Joining/Variable Bonus: Rs 2,00,000
Total comp (Salary + Bonus): 31,00,000
Benefits: Basic Insuranance cover. Unsure about leave policy.
Other details: Converted joining bonus (clawback of 1 year) to variable bonus (provided on completion of 1 year based on performance) as Joining Bonus tax deducted are not refundable as per Indian ITR rules. Declined the offer as got a better offer.
Current Compensation: 19 LPA (TC)