Tuesday, December 21, 2010

Higher CTC doesn't always mean higher pay

The truth is most professionals teach you strategies to employ during a job interview, not after. The result: unlike experienced hands, first-time job seekers fail to notice certain ruses companies employ to make an offer look "great".


Like many others, 23-year-old Ranbir Singh, too, realised his mistake late. He went for the highest cost-to-company (CTC) package. Singh, then a last-semester MBA student from a Hyderabad-based business school, had no choice but to rue his decision.

It is that time of the year again when corporates actively hunt for talent on campuses. So it is time to be on your guard. You had better scrutinise all offers before accepting the best one, and the bottom line is: higher CTC doesn't always mean higher pay.

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