Salary: How to avoid getting 'CTCed'
'If you pay peanuts, you will get monkeys,' goes an adage. These days with a shortage of good talent in the job market, the saying doesn't really hold true. Companies are willing to offer good salaries to the right candidates. But even after this there are things that individuals should keep in mind while negotiating their salaries. What may look like an increase in salary may not lead to a real increase. This is primarily because these days most companies quote annual salary packages they offer to their employees in terms of what is known as 'cost to company,' or CTC. Cost to company is a term which essentially implies the amount of expenses the company will spend on an employee in a particular year. What may be an expense for the company need not be salary for the employee. Hence very rarely does it happen that the CTC divided by the number of months in a year, i.e. twelve, comes down to the actual monthly salary that an individual receives. Let's look at the