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Compensation Statement: Avinash Chourey Employee Number: 426838 Associate-CS Phone

The document is a compensation statement for an employee that outlines changes to their compensation effective September 26, 2019 including a revised monthly and annual cost to the company breakdown. It provides details on components like basic salary, allowances, bonuses, and benefits.

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Avinash Love
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24 views

Compensation Statement: Avinash Chourey Employee Number: 426838 Associate-CS Phone

The document is a compensation statement for an employee that outlines changes to their compensation effective September 26, 2019 including a revised monthly and annual cost to the company breakdown. It provides details on components like basic salary, allowances, bonuses, and benefits.

Uploaded by

Avinash Love
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Compensation Statement

Avinash Chourey
Employee Number: 426838
Associate-CS Phone

Dear Avinash,

This year, in many ways, is a year of accomplishments.

As we look forward, the biggest opportunity for us is to align Digital transformation with our strategy
of non-linear sustainable profitable growth.

Your efforts have driven tremendous results for the organization, and we have much to be proud of.
Based on your contribution and performance we are pleased to inform you that your compensation
has been revised effective 26th September 2019. Please refer to the annexure to review the change
in your compensation.

All other terms and conditions of your employment remain unchanged.

These are exciting times for the industry and using our One Sutherland Team Winning Behaviors, we
can Play to Win.

This letter is system generated and does not require a signature


Compensation Statement

Annexure

Details of Monthly and Annual Cost to the Company


Name Avinash Chourey
Designation Associate-CS Phone
Effective Date 26th September 2019

Components Revised (in Rs.)


Monthly Annual
Fixed Pay (A)
Basic Salary 8234 98805
House Rent Allowance 4117 49403
Statutory Bonus 2525 30295
Medical Reimbursement 1250 15000
Special Allowance/Choice Pay 6650 79797
Skill Based Pay (B)
Skill Based Pay 750 9000
Gross (A + B) 23525 282300
Variable Pay (C)
Performance Incentive* 2750 33000
Statutory Benefits and Insurance (D)
Employer’s Contribution to PF 1800 21600
Gratuity 396 4750
Cost to Company
28471 341650
(A+B+C+D)

You would be eligible for Performance Incentive against the target


* Performance Incentive set by the company on a time to time basis. Please refer to PI
policy for more details.

This letter is system generated and does not require a signature

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