Geotech Infoservices "Salary" Reviews

Employer’s Response

At GeoTech, we strive to foster a positive work environment with growth opportunities. We're glad you appreciated the supportive team, work culture, and exposure to new technologies. However, we’d like to clarify the performance pay structure, which may help address some of your concerns regarding variable pay. Let me take a moment to explain the purpose behind the performance pay, so we can all be on the same page about how it works. When new team members join GeoTech, we begin by discussing their expected salary, or commercials. Based on the interview performance and the potential we see in the individual, we set the corresponding salary. If the figure is close to what the candidate expects, we have an open conversation and usually come to an agreement that works for both sides. You might recognize this process from your own experience. Now, here's an important point: While this salary is discussed upfront, the performance pay is not revealed at the same time. It's only when you receive the official offer letter that you'll see the details of the performance pay. This pay is designed to reward you for exceptional performance—for going above and beyond your standard responsibilities. For those undergoing appraisals, similar to when you joined, we discuss the fixed CTC (cost to company) first. The performance pay is not part of this discussion during the appraisal process—it’s always intended to be a separate reward for exceeding expectations. So ideally, the salary is for Meeting Expectations and the performance pay is for Exceeding Expectations To put it simply, your fixed salary is there to compensate you for meeting expectations. The performance pay is the extra recognition and reward for exceeding those expectations—for delivering work that goes above and beyond. Now the performance pay itself is split into two key components: · 70% is based on your performance—your contribution and quality of work which exceeds expectation. · 30% depends on the overall company performance, aligning our team’s efforts with the company’s success. This ensures that we are all aligned in our efforts to support the company's growth and success. If you consistently exceed expectations and deliver outstanding results, this performance pay is our way of recognizing and rewarding your exceptional efforts. We truly appreciate the hard work and dedication that goes into this, and it's important for us to acknowledge and reward those who go above and beyond. We understand that this structure may differ from typical variable pay models, but it allows us to recognize exceptional contributions fairly. We appreciate your dedication to GeoTech, and we're constantly refining our processes to ensure our team feels valued and rewarded for their hard work. Please feel free to reach out if you have further suggestions or want to discuss your experience in more detail.