Cost To Company
The term ‘Cost to Company’ (CTC) is used to specify an investment without any return. CTC can be examined through the following factors such as interviewing and travel expenses.
Cost to Company can also be used to determine the total cost that a company is spending towards their employee particularly wages. The cost related to hiring includes training, and statutory contributions.
Some additional information:
Cost to Company can also be used to determine the total cost that a company is spending towards their employee particularly wages. The cost related to hiring includes training, and statutory contributions.
Some additional information:
- The term ‘Cost to Company’ is often used to describe how the company can slowly pay people with the smallest amount possible, and remove most of the benefits, until they are "self funded" – this means that people pay for most of their "benefits", while the firm obtains the tax benefits for these payments. This allows them to increase their profits.
- Cost to company is a use of the business and HR department, to show that people are paying a large levels of income. However owners increase total expenses of human resources on wages, and show that they are paying this amount of wages to the workers. However, they pay less and show more. This means people are paying for getting facilities, but the firm shows they are giving us good facilities in the company. We pay from our wages for getting facilities, but the business says they are giving good facilities to their workers. So you are paying for even unwanted facilities which you don't require.