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    Offer Leter 60

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    safras4s

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    © All Rights Reserved
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    Offer Leter 60

    Uploaded by

    safras4s
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    16 views1 page

    Offer Leter 60

    Uploaded by

    safras4s

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    © All Rights Reserved
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    Thursday, July 01, 2021

    Monica Ramani Balireddy,


    10-9-27, Ram Nagar, Care Hospital Down,
    Vishakhapatnam- 530002.

    Subject: Offer Letter

    Dear Monica,

    On behalf of MassMutual Global Business Services India LLP, I am pleased to extend our offer of employment,
    as Analyst, Technology Operations, reporting to Rajesh Veliyaveetil, Director, Technology Delivery,
    MassMutual India GCC. Your work location will be at the 7th Floor, Block 1, BSR IT SEZ, Serilingampally Mandal,
    Nanakramguda Village, Rangareddy District, Hyderabad –500008, Telangana.

    Your employment starts on Monday, August 09, 2021.Your Target CTC (Cost to Company) totaling INR 5,00,075
    per annum will be comprised of:

    • Basic Pay of INR 241,000 earned and payable monthly (monthly rate of INR 20,083)
    • Bonus / Ex-Gratia of INR 48,200 earned and payable monthly (monthly rate of INR 4,017)
    • Total Allowances, INR 152,288 (monthly INR 12,691) as allowed by law and decided at your
    discretion unless otherwise noted, including:
    o Housing Rent Allowance
    o Leave Travel Allowance
    o Child Education and/or Hostel Allowances
    o Meal Voucher or Onsite Meals
    o Balance allowance – Total allowance amount minus discretionary amounts you decide
    above
    • Provident Fund (Employer Contribution) of 12% of Basic Pay, INR 28,920 (monthly rate of INR 2,410)
    • Gratuity, INR 11,592 (monthly INR 966) accrued for monthly and payable at the time of termination
    following a minimum of 5 years of active service
    • Annual target short-term incentive of INR 18,075 paid annually at the discretion of the Company

    Additionally, you will be eligible for benefits including medical, dental, vision and life cover (spouse, children,
    parental or parents-in-law medical cover option) and Employee Assistance Program. You are eligible for
    annual paid time-off of 25 days and 10 annual declared holidays.

    Please note that the above employment offer is contingent upon you successfully completing the Bachelor
    of Engineering graduation course without any pending subjects in any of the semesters in your curriculum, at
    the time of joining MassMutual.

    To accept this offer of employment, please print the attached letter and sign it. Please scan a copy of the
    signed offer letter and email it back by replying to the email or sending it to RTangirala@massmutual.com
    attaching the signed letter.

    If you have any questions about this offer of employment, or if our understanding of your acceptance is not
    correct, please call me at +1 603 531-9876.

    We look forward to welcoming you and are excited about the contributions you will make as we build

    our company. Best regards,

    Ravi Tangirala
    Head, GCC-
    India

    Offer Accepted By: Date:

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