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All HR terms

HR TERMS, EXPLAINED

CTC (Cost to Company)

The total annual cost a company incurs for an employee.

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CTC represents the overall cost an organization incurs for employing a person. It may include salary components, employer contributions, bonuses, gratuity, insurance, and other benefits provided by the company.

Definitions are general guidance. Your organisation's policies and applicable local requirements determine how a term is used in practice.

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