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Job offer, bonus? OTE?

  • 12-05-2021 9:42pm
    #1
    Registered Users Posts: 93 ✭✭ Itainire


    Hello! I hope this is the right thread and doesn't break any rules. I got a job offer as follow:

    Salary is 24k basic plus €500 bonus per month
    OTE for year 2 are approx. 35k and this is achieved comfortably
    4 x Life Assurance
    Contributary Pension after probation (3%)
    Laya Healthcare after probation

    All of this, really confuses me tbh! In jobs I had in the past I had none of this, just a weekly payslip no bosues no healthcare no pension etc.
    Are the 500euro bonus a guaranteed thing per month? 4 X Life assurance what does that 4 stands for? Is the contributary pension paid by them not by my 24k right??
    Sorry I am very bad with these and I don't feel comfortable asking them and talking too much about money with the possible employers


Comments

  • Registered Users Posts: 46 mrscoco30


    I'd imagine you would have some target to reach each month to get your bonus?


  • Registered Users Posts: 1,882 ✭✭✭ Smee_Again


    The bonus will be based on targets related to the job.

    Life assurance is paid if you die at 4 x annual salary, probably excluding bonus.

    Pension will be on top of your basic but paid into a fund for when you retire.


  • Registered Users Posts: 93 ✭✭ Itainire


    Smee_Again wrote: »
    The bonus will be based on targets related to the job.

    Life assurance is paid if you die at 4 x annual salary, probably excluding bonus.

    Pension will be on top of your basic but paid into a fund for when you retire.

    Thanks a mill! So OTE and bonus refers to the same thing? Reach certain targets?


  • Registered Users Posts: 1,882 ✭✭✭ Smee_Again


    Itainire wrote: »
    Thanks a mill! So OTE and bonus refers to the same thing? Reach certain targets?

    OTE is On Track Earnings, so it’s basic + bonus if expected targets are hit.


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