Saturday, March 3, 2012

What is your CTC?

Before you get into the corporate world, there are a few things you should be aware of even before you go ahead and take an interview. A few things that you should be aware of include knowing what a CTC is and what the standard for the industry as well. CTC or Cost to Company is basically your salary, but a number of components in your salary eat into how much you get in hand. It is very important that you pay attention to the break up in your salary package so you can get some amount of savings and a decent take home as well.

The first step is to identify what the components of a CTC are, depending on a variety of factors then you can choose to make use of some and ignore the rest. In most cases, House Rent Allowance, Leave Travel Allowance, Medical Reimbursements, Travel Reimbursements etc. A lot of companies do offer excellent compensation packages and depending on your level in the corporate matrix, you will be awarded benefits.

When you register with a job portal like Koozba, they will not only you build a good video resume, bit will also give you great advice on how you should go about structuring your CTC. You ca also interact with people in the industry to learn more.

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