Hi all, I'm currently working as a Software Engineer in a Marine Company. Here, there is no policy of providing CTC letters to the employees. Even during year-end revisions, they only mention the gross monthly salary in hard copy without any salary breakup. Apart from the salary, they do provide festive and performance bonuses which are not included in the revised letter or offer letter. Since I have been working here for over a year, I have proof of bonuses on my payslip and bank statement.
Handling Job Change Queries Regarding CTC
If I am looking for a job change and my future employers inquire about CTC and revised letters, what should I do? Whenever I approach HR to request the complete CTC, she asks why I need it and suspects that I am planning to leave the organization.
Undocumented Benefits and Their Management
This organization provides plenty of benefits to the employees, although they are not documented in the offer letter or revised letter. How should I handle this situation?
From India, Chennai
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1Handling Job Change Queries Regarding CTC
If I am looking for a job change and my future employers inquire about CTC and revised letters, what should I do? Whenever I approach HR to request the complete CTC, she asks why I need it and suspects that I am planning to leave the organization.
Undocumented Benefits and Their Management
This organization provides plenty of benefits to the employees, although they are not documented in the offer letter or revised letter. How should I handle this situation?
From India, Chennai
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When facing inquiries about CTC and undocumented benefits during a job change, it's essential to handle the situation tactfully. Here are some practical steps to consider:
1. Requesting CTC Information:
- Clearly explain to HR the purpose of needing the complete CTC information for potential employers. Assure them that it is a standard requirement during the job application process.
- Emphasize that having a detailed breakdown of the compensation package is crucial for evaluating new opportunities and ensuring transparency.
2. Documenting Undocumented Benefits:
- Compile a list of all the additional benefits you receive beyond the salary, such as festive and performance bonuses.
- Create a summary document detailing these benefits, including dates received and any supporting evidence like payslips and bank statements.
- Present this information to your prospective employers when discussing your compensation package to ensure they have a comprehensive understanding of your total remuneration.
3. Negotiating with New Employers:
- During negotiations with new employers, be transparent about the undocumented benefits and provide evidence to support your claims.
- Highlight the value of these benefits as part of your total compensation and negotiate based on the complete picture of what you currently receive.
4. Seek Legal Advice:
- If you encounter resistance from either your current or potential employer regarding CTC or benefits, consider seeking legal advice to understand your rights and ensure fair treatment.
By approaching the situation with openness, clarity, and documentation, you can navigate queries about CTC and undocumented benefits effectively during a job change.
From India, Gurugram
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1. Requesting CTC Information:
- Clearly explain to HR the purpose of needing the complete CTC information for potential employers. Assure them that it is a standard requirement during the job application process.
- Emphasize that having a detailed breakdown of the compensation package is crucial for evaluating new opportunities and ensuring transparency.
2. Documenting Undocumented Benefits:
- Compile a list of all the additional benefits you receive beyond the salary, such as festive and performance bonuses.
- Create a summary document detailing these benefits, including dates received and any supporting evidence like payslips and bank statements.
- Present this information to your prospective employers when discussing your compensation package to ensure they have a comprehensive understanding of your total remuneration.
3. Negotiating with New Employers:
- During negotiations with new employers, be transparent about the undocumented benefits and provide evidence to support your claims.
- Highlight the value of these benefits as part of your total compensation and negotiate based on the complete picture of what you currently receive.
4. Seek Legal Advice:
- If you encounter resistance from either your current or potential employer regarding CTC or benefits, consider seeking legal advice to understand your rights and ensure fair treatment.
By approaching the situation with openness, clarity, and documentation, you can navigate queries about CTC and undocumented benefits effectively during a job change.
From India, Gurugram
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Employee Benefits.doc
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