Dear all members,
Understanding CTC (Cost to Company)
Nowadays, most companies offer their packages in the form of CTC (cost to company). Is there any guideline to compute CTC? I mean, which payments to an employee should be included while computing CTC? It is also informative to add that all companies calculate this differently; some even include all reimbursements like conveyance expenses, etc. Moreover, some companies include the FBT paid by the company on the employee's expenses.
Employee Perspective on CTC
Looking at it from the employee's perspective, in some instances, they receive only 50-60% of their monthly CTC in hand, which was initially assured at the time of recruitment.
All members are requested to post their views and guidance.
Understanding CTC (Cost to Company)
Nowadays, most companies offer their packages in the form of CTC (cost to company). Is there any guideline to compute CTC? I mean, which payments to an employee should be included while computing CTC? It is also informative to add that all companies calculate this differently; some even include all reimbursements like conveyance expenses, etc. Moreover, some companies include the FBT paid by the company on the employee's expenses.
Employee Perspective on CTC
Looking at it from the employee's perspective, in some instances, they receive only 50-60% of their monthly CTC in hand, which was initially assured at the time of recruitment.
All members are requested to post their views and guidance.