What do the different components of a CTC mean?

CTC (Cost to Company) means the total cost that the company will spend on you per year. This includes all the monetary and non-monetary compensation that you get as an employee. The three major components of a CTC are: Cash component (Base Salary, Joining Bonus, Performance Bonus, etc) Stock component (Stocks, ESOPs, Equity, etc) Perks and ...

What does CTC stand for in salary?

What does CTC stand for in salary? So, to start with, CTC stands for Cost-To-Company. That is, it is the amount of money the company will spend on a particular employee, in a particular year. The major part of the CTC is taken up by, as you mentioned, salary also called as Take-Home-Salary/package. How to calculate CTC in a salary?

What does CTC stand for?

What does CTC stand for? CTC stands for "Clear to Close".Clear to Close is a step in the underwriting/closing loan process. This step usually takes place after underwriting and before loan documents are issued for final signing.

What does CTC or cost to company mean?

What Is CTC? CTC stands for "Cost to Company", which, in accounting and finance, means the total cost that a company incurs on hiring an employee. It is the amount that each company spends on its employees from the company's point of view. CTC is cumulative of several smaller amounts.