What is CTC?
CTC is an acronym for “cost to company.” It is a term used in human resources to refer to the total cost of an employee to an organization. This includes salary, benefits, and other associated costs.
What is the difference between CTC and Salary?
The difference between CTC and salary is that CTC is the full amount of compensation that an employee receives, while salary is a component of CTC. CTC includes base salary, allowances, bonuses, commissions, and other benefits an employee receives.
What does CTC mean?
CTC stands for cost-to-company. It is a metric used in human resources to calculate the overall cost of an employee to the company. This includes not only the salary or wage, but also benefits, taxes, and other associated costs.
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