22-12-2004, 09:41 AM
|  | | | Join Date: Dec 2004 Location: New Delhi
Posts: 38
| |  Re: COST TO THE COMPANY
Hi GAURAV
Thanks for the valuable input. Could you also share what kind of compensation packages are currently best for the IT industry?? I am facing a huge challenge here farming the most tax friendly package for new hires.
POOJA |
22-12-2004, 02:10 PM
| | | | Join Date: Nov 2004 Location: Chennai - TN
Posts: 11
| | Re: COST TO THE COMPANY
Hi Suresh,
Will performance incentive(peformance based) is covered in CTC??
Regards
Narasimman
HR
__________________
S.L. Narasimman
HR
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29-12-2004, 12:46 PM
| | | | Join Date: Aug 2004 Location: Noida
Posts: 16
| | Re: COST TO THE COMPANY
Hi Narasimman,
As far as I know there is no hard and fast rule for CTC calculation except the salary components being included.
We at our organisation do not include the bonus and the variable pay (based on performance) under CTC.
We calculate them over and above CTC and refer to it as gross salary.
Hence its up to you how you want it to be to attract and reatin employees.
In surveys employees do not see it as very welcome when his CTC is quoted is a big sum but what he gets in his bank evry month is a meagre amount...hence its not a good policy to include everything in CTC.
If one wants to calculate the CTC for billing purpose then u need to include all that u incur on an employee which will also include the expenses incurred on his traings.
Thanks
Shailly Purohit
__________________
Shailly
Manager- HR (IT firm)
email:shailly@rediffmail.com
|
30-12-2004, 01:49 AM
| | Senior Member | | Join Date: Dec 2004 Location: Pune, India
Posts: 102
| | Re: COST TO THE COMPANY
Cost to Company is the cost of employing a resource. What ever monies are paid to the individual or spent in maintaining/retaining/developing that resource is a part of his cost to the company. |
30-12-2004, 09:52 AM
| | | | Join Date: Nov 2004 Location: Chennai - TN
Posts: 11
| | Re: COST TO THE COMPANY
As far I understand your statement. In a non-competetive industry where talents areless in demand then bonus, performance incentive etc.. can be included in CTC!!!!!!!!
Thanks a lot for helping me. |
10-02-2005, 11:03 AM
| | | | Join Date: Feb 2005 Location: Delhi
Posts: 16
| | Re: COST TO THE COMPANY
Can the fixed and the variable components of the salary be discussed in detail please.
Thanks
Radhika |
10-02-2005, 11:58 AM
|  | Senior Member | | Join Date: Oct 2007 Location: Mumbai
Posts: 1,544
| | Re: COST TO THE COMPANY
Hi Radhika,
Welcome to our citehr.com and hope that this site would help you professionally!!!.
Regarding fixed & variable refer the comments in Compensation head which has info ...incase you are not satisfied and please let me know and i would help you out..
Happy Reading...
Cheerio
Rajat Joshi |
10-02-2005, 01:57 PM
| | | | Join Date: Feb 2005 Location: Delhi
Posts: 16
| | Re: COST TO THE COMPANY
Thanks a lot Rajat...
if possible please give a a detailed description of the same.
Cheers !!!
Radhika |
25-02-2005, 07:49 PM
| | | | Join Date: Aug 2004 Location: Hyderabad
Posts: 47
| | Re: COST TO THE COMPANY
Hi,
Check this attachment to calculate CTC
Hope this helps.
Regards
__________________
Sunil K.
Career First Consulting
123 Amrutha Ville Raj Bhavan Road
Somajiguda Hyderabad India 500082 www.career-first.com |
12-04-2005, 04:11 PM
| | | | Join Date: Jun 2004
Posts: 5
| | Re: COST TO THE COMPANY
The CTC is whatever an employee will get on his exit from an employment. Viz Basic, HRA, Allowances , Perks any other benefit like mediclaim, Personal Accident coverage etc which is applicable to all. Even gratuity is counted by many companies as CTC.
Regards
Amit |
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