CTC means cost 2 company on behalf of an employee it includes both PF N ESI contributions. Regards
From India, Coimbatore
1From India, Coimbatore
Hi All,
Pf's employer contribution should not be a part of CTC... it has become a practice now in all the companies.
And for this practice, it is we the HR professional who are to be blamed.
When an employer decides on the salary they leave salary negotiation part on HR and also compensation package is designed by HR department.
Every employer wants to save their money wherever they can, so this practice started of showing employer's pf contribution in the CTC as a technique to negotiate on salary with employees.
Its actually a loss to the employee....if he/she does not negotiate well....:)
Regards,
Archna
From India, Delhi
Pf's employer contribution should not be a part of CTC... it has become a practice now in all the companies.
And for this practice, it is we the HR professional who are to be blamed.
When an employer decides on the salary they leave salary negotiation part on HR and also compensation package is designed by HR department.
Every employer wants to save their money wherever they can, so this practice started of showing employer's pf contribution in the CTC as a technique to negotiate on salary with employees.
Its actually a loss to the employee....if he/she does not negotiate well....:)
Regards,
Archna
From India, Delhi
Yes, Cost to company, you are correct , PF also part of CTC, How ever part amount paid by company — — — — — — — — - regards
From Saudi Arabia, Riyadh
From Saudi Arabia, Riyadh
Yes, CTC - Cost to company, you are correct , PF also part of CTC, However PF part amount paid by company — — — — — — — — - regards
From Saudi Arabia, Riyadh
From Saudi Arabia, Riyadh
If you are member of PF, and company is contributing employer’s part of the PF contribution, than the said amount contributed by the company forms part of your CTC.
From India, Pune
From India, Pune
yes
ctc is a cost to company
ctc= dont have any formal manar
only thing is to show the big value upon to the employe pay show by mangement it need to maintain any formal register just mime value (ctc)
From India, Hyderabad
ctc is a cost to company
ctc= dont have any formal manar
only thing is to show the big value upon to the employe pay show by mangement it need to maintain any formal register just mime value (ctc)
From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Employer-PF-res trict to wages of Rs 6500.pdf