Geeta128
have to mention CTC in offer letter is compulsory
From India, Mumbai
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Rkn61
Hr Manager
Vmlakshminarayanan
Sr.manager - Hr&admin
Advocate Prem Chanda Yadav
Silvassa. Www.lawglobalhr.com
Geeta128
Hr Executive

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vmlakshminarayanan
463

Hi,

The purpose of offer letter is to make the candidate know the offered designation and total salary and also it is a written communication confirming his employment with the new employer. So it is necessary to mention the CTC salary.

However in the current scenario, many candidates use the offer letter as a tool to bargain with other employer to gain maximum offer leaving ethics aside. Hence many Companies start issuing offer letter without mentioning salary or just providing oral confirmation only.

So no hard and fast rule on this and it is your company's discretion.

From India, Madras
ajay-khanna
1

No, there is no hard fast rule on this. But anything which is not in "black and white" - agreed and accepted can become a debatable point later. Any of the parties can "misunderstand", may "presume" certain calculations and/ or allege a totally "unoffered" remuneration. How would you deal with such a situation?

Secondly, if a candidate HAS to bargain with third a party can very well bargain with an LOI (which has no CTC mentioned on it). It actually gives him a 'free hand' to quote a super inflated number. So this would again defeat the purpose of releasing an LOI without CTC amount mentioned.

From India, Rohtak
Advocate Prem Chanda Yadav
10

Not compulsory but as per your compliance part you can or can not.
From India, Mumbai
rkn61
574

Not compulsory. It is also advised to prepare LOI as only a Selection confirmation letter, just to confirm his selection in company and also to enable him to send notice period intimation to his current employer, if he is employed. However, you can inform the CTC details over phone.
From India, Aizawl

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