Quote:
Originally Posted by Unregistered
Hey, I just got an offer from a big4. Part of the compensation package mentions, monthly variable component (MVC) of 10% of my total salary.
Wanted to check, is this MVC a normal in big4 offers and how often is it actually utilised to cause the monthly salary to be reduced?
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From what i understand in one of the big 4 with a similar compensation package, they did not reduce MVC even when covid just started to flare up. (1st half of 2020)
Reducing MVC will probably cause attrition rate to skyrocket.. so they would be wise not to do it, given most of the big 4s are facing quite bad attrition rate (according to ACRA AQI)
In fact, the one im in now is throwing "retention bonuses" and some "feel good" additional payouts...