What is your current CTC and expected CTC? Its very common question asked by the employer when anyone apply for a new job. And most of job seeker are unaware of what is "CTC' for salary.
Before joining into any company, this question may appear in any part of the interview process. If it’s asked at the beginning part, the employer may want to know if it’s even worth talking to you, given your salary expectations, or the employer may genuinely have no idea what the position should pay.
If questions asked at the end of the interview, this can only indicates good things. If the interviewer has no interest in hiring you at this point, he wont bother you asking you this question. If you are asked this question, it probably indicates the company is willing to negotiate.
CTC is Cost to Company.
Cost to Company (CTC) is a term that is used to describe an investment without return.
Travel expenditures, Interviewing, Spending time with potential customers all can be interpreted as CTC's.
Current CTC means current drawn salary usually in terms of Rupees per year package.
Expected CTC means salary you are expecting usually in terms of Rupees per year package.
Cost to Company can also be used to refer to the total cost that an organization is spending towards their employee which includes the Salary, Perks, Cost related to benefits, Cost related to hiring, Training, Retrials, Statutory Contributions etc.
Moreover, Cost to Company is a buzz word to describe how the company can slowly pay you less and less, and remove all your benefits, until you are "self funded" - in other words you pay for all your "benefits" yourself, while the company receives the tax benefits for these payments. This improves their profit ratio, and if this system is extrapolated, you will eventually pay the company to work there. So you'll need a second job to fund this. (:
CTC - Cost to company is a trick of a company and HR department, to show we are paying a big salary, but unfortunate it is just bubble. They overload total expenses of human resources on salary, and show that they are paying this much salary to the staff. but actually they pay less and show more. For instance, your salary is 6.00 Lacks p.a. i.e. you are getting 50,000/- per month. But actually person gets only 25,000/- per month. All other money is deducted for facilities. Means we are paying for getting facilities, but company shows they are giving us good facilities in the organization. In short, we pay from our salary for getting facilities, but company says they are giving good facilities to there staff. So you are paying for even unwanted facilities which you don't need. Before deciding CTC, ask for breakup of facilities.
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