UBER SDE1 59 Lac Detailed CTC Breakdown | Base, Bonus, Stocks, Benefits | Summary and Q&A

TL;DR

This video details UBER’s CTC structure, including salary, bonuses, and benefits for freshers.

Key Insights

• ⚾ UBER's CTC for freshers includes a base salary of 21 lakhs and additional performance bonuses and stocks.
• 🍉 The stock options offered will mature over four years, encouraging employee retention and long-term engagement with the company.
• 😷 The array of benefits includes substantial medical insurance and allowances for mobile, wellness, and free transport, demonstrating UBER's comprehensive employee welfare.
• 👶 Joining bonuses carry a retention condition, motivating new hires to stay with the organization beyond their initial year.
• 😄 Relocation allowances are provided to ease the transition for employees moving to a new city for work.
• 🥅 The targeted performance bonus metric incentivizes employees to consistently meet established performance goals.
• 👨‍💻 The video addresses the growing emphasis on competitive coding skills in the tech recruitment space.

Transcript

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Questions & Answers

Q: What is the current base salary for freshers at UBER?

The base salary for freshers at UBER is currently 21 lakhs per year, which reflects a recent increase from the previous range of 18-19 lakhs. This base salary is divided into monthly payments that are subject to tax, contributing significantly to the overall CTC.

Q: How does the joining bonus work at UBER?

UBER offers a joining bonus of 2 lakhs, which is a one-time payout for new hires. However, this bonus comes with a condition that if the employee leaves within one year, they must return the bonus. This incentive encourages employees to remain with the company for a specified period after joining.

Q: What can you tell me about the stock options provided to UBER employees?

New employees at UBER receive stock options valued at 41 thousand USD, which translates to approximately 7 lakhs 67 thousand 500 in Indian currency. These stocks vest over a period of four years, with employees able to sell 25% of the shares after each year. This system incentivizes long-term commitment and rewards employees as they progress within the company.

Q: Can you elaborate on the benefits offered beyond salary at UBER?

UBER offers a range of benefits that significantly enhance the overall employment package. This includes free UBER rides valued at up to 44 thousand, mobile allowances of 36 thousand for internet expenses, wellness allowances around 58 thousand, and comprehensive medical insurance coverage of 7.5 lakhs, which includes dependents, making for a robust benefits structure.

Q: How are performance bonuses determined at UBER?

Performance bonuses at UBER are contingent on individual performance metrics and can amount to around 2 lakhs 15 thousand. While this is the targeted bonus, actual amounts may vary based on how well an employee meets the established performance goals set by the management.

Q: What relocation benefits can new hires expect at UBER?

When relocating for their job, new hires at UBER receive a relocation allowance of 2 lakhs. This compensates for the expenses associated with moving from one city to another, easing the transition for employees who have to relocate to different campuses, such as moving from Delhi to Bangalore.

Q: What special opportunity is mentioned for final year girls?

The video highlights a special opportunity for final year female students, where they can participate in an online coding test. Successful candidates will work on real industry problems, gain development experience, and potentially receive direct interviews from top product-based companies, thus aiding in their career advancement.

Q: What preparatory advice is given for aspiring UBER candidates?

The presenter emphasizes the importance of strong coding skills and competitive programming knowledge as critical for succeeding in UBER's selection process. Candidates are encouraged to prepare thoroughly for online assessments, available through on-campus and off-campus opportunities, to enhance their chances of hiring.

Summary & Key Takeaways

• The video provides an in-depth breakdown of UBER's Cost to Company (CTC) for freshers, highlighting the base salary, bonuses, and additional benefits.

• A detailed explanation of the base salary, which has increased to 21 lakhs, alongside other components like joining bonuses, stock options, and performance bonuses.

• The presenter mentions additional benefits, including medical insurance and allowances for wellness and relocation, as well as a special opportunity for final year female students to enhance their job prospects.