The document provides the compensation breakdown for an Associate Level 1 position at Acuvon Consulting Pvt. Ltd. It includes a monthly fixed salary of Rs. 1,10,000 and an annual variable bonus of up to Rs. 2,77,200 based on performance. Additional benefits include a joining bonus of Rs. 1,00,000, deferred bonus of Rs. 2,00,000, and annual other non-cash benefits such as medical insurance, personal accident insurance, and food reimbursement totaling Rs. 1,77,600.
The document provides the compensation breakdown for an Associate Level 1 position at Acuvon Consulting Pvt. Ltd. It includes a monthly fixed salary of Rs. 1,10,000 and an annual variable bonus of up to Rs. 2,77,200 based on performance. Additional benefits include a joining bonus of Rs. 1,00,000, deferred bonus of Rs. 2,00,000, and annual other non-cash benefits such as medical insurance, personal accident insurance, and food reimbursement totaling Rs. 1,77,600.
The document provides the compensation breakdown for an Associate Level 1 position at Acuvon Consulting Pvt. Ltd. It includes a monthly fixed salary of Rs. 1,10,000 and an annual variable bonus of up to Rs. 2,77,200 based on performance. Additional benefits include a joining bonus of Rs. 1,00,000, deferred bonus of Rs. 2,00,000, and annual other non-cash benefits such as medical insurance, personal accident insurance, and food reimbursement totaling Rs. 1,77,600.
Fixed Basic (includes employer share of PF) 38,500 4,62,000 HRA (50% of basic) 19,250 2,31,000 Special allowance 52,250 6,27,000 A. Total fixed salary 1,10,000 13,20,000 Variable Bonus (maximum) - 2,77,200 B. Total variable salary - 2,77,200 Retirals Gratuity (4.81% of basic) - 22,222 C. Total retirals - 22,222 D. Joining bonus 1,00,000 E. Deferred bonus 2,00,000 Total cash salary (A+B+C+D+E) - 19,19,422 Other benefits (non-cash) Group medical insurance premium - 7,500 Group personal accident - 3,000 International travel insurance premium - 2,500 Team outings & offsite - 50,000 Food reimbursement - 39,600 Training & development - 75,000 F. Total other benefits (non-cash) - 1,77,600
Please note:
• PF is contributed at 12% of basic (included in basic)
• Bonus is subject to performance (company and individual employee) and can range between 0-40% of last Basic + HRA. 40% is used for calculation • Gratuity is contributed @4.81% of Basic, on separation after 5 years of continuous service, payable as per Payment of Gratuity Act • Joining bonus will be payable on satisfactory completion of working 1 month excluding notice period. The person has to stay with the company for a period of 6 months excluding notice period, failing to which the person has to payback the entire amount to the company • Deferred bonus will be payable on satisfactory completion of working 2 years excluding notice period • Other benefits are non-cash components based on average spend. This amount can vary for each year and cannot be converted into cash pay-out for employee • Group mediclaim insurance coverage of INR 3,00,000 per annum for employee, spouse and maximum of 2 dependent children • Group personal accidental insurance of INR 75,00,000 per annum for employee • International travel insurance coverage of USD 250,000 per annum for employee • Covers team outings and partial cost of offsite for employee, spouse and 2 dependent children • Food reimbursement of INR 150 per day for the number of days employee is present in India office • Average spend on employee learning & development and training program including internal trainings, external trainings, development program, reimbursements for professional certifications • Additional daily allowance for onsite travel. Onsite expenses will be borne by company
Acuvon Consulting Pvt. Ltd.
Corporate Office: Berger Delhi One, 18th Floor, Sector 16B, Noida, (UP) – 201301, India Registered Office: E 19, Lajpat Nagar III, New Delhi – 110024, India e: info@acuvon.com w: www.acuvon.com CIN No. U74999DL2018PTC340046