Q:

What is CTC on resumes?

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Quick Answer

The acronym CTC, which appears on resumes and means "cost to company," refers to the total salary, including benefits, that a company expects to pay an employee. The location of the CTC on resumes varies depending on the hiring company and the template used. The CTC most often appears close to the amount of remuneration, or the listed salary package, which includes a breakdown of all components in a salary.

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Full Answer

In addition to showing employees how much they can expect to be paid, a CTC helps companies set and maintain budget. CTCs also serve as salary limits, and although companies usually pay employees the stated amount in the CTC, they can make pay deductions if necessary.

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