Could you please elaborate on the acronym CTC in the context of money and finance? I've come across this term in my research on cryptocurrencies but have been unable to find a clear definition. Is it a specific type of coin, a trading platform, or a service related to financial transactions? Additionally, if it's a widely recognized acronym, could you provide some insights into its popularity and significance in the
cryptocurrency and finance industry? Your clarification would be greatly appreciated.
6 answers
Davide
Wed Jul 24 2024
At the core of CTC is the employee's basic salary, which serves as the foundation of their compensation.
EnchantedSeeker
Wed Jul 24 2024
Beyond the basic salary, CTC also includes any agreed-upon benefits, tailored specifically to the employee and the company's policies.
Stefano
Wed Jul 24 2024
One such common benefit is the 13th cheque, which provides an additional salary payment annually.
Chiara
Wed Jul 24 2024
Cost to Company (CTC) is a comprehensive term that encapsulates various financial obligations an employer incurs for an employee.
TaegeukChampionship
Wed Jul 24 2024
Additionally, medical aid is often incorporated into CTC, offering employees healthcare coverage and reducing their out-of-pocket expenses.