Dear Keshav Korgaonkar,
In many organizations, both in the public sector and government, statutory payments are included in the cost to company (CTC). This practice is often seen as a way to enhance the CTC offered to employees and demonstrate that the organization is a competitive payer. If organizations choose to include statutory employer liabilities in the CTC during negotiations, then why should they not also consider including costs such as electricity, water, and workplace amenities in the CTC? After all, these expenses also contribute to the overall cost to the company because of the candidate.
Thank you.
From India, Hyderabad
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9In many organizations, both in the public sector and government, statutory payments are included in the cost to company (CTC). This practice is often seen as a way to enhance the CTC offered to employees and demonstrate that the organization is a competitive payer. If organizations choose to include statutory employer liabilities in the CTC during negotiations, then why should they not also consider including costs such as electricity, water, and workplace amenities in the CTC? After all, these expenses also contribute to the overall cost to the company because of the candidate.
Thank you.
From India, Hyderabad
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PF NO Contribution on CTC.pdf