One of the most well known dilemmas in the mind of new job seekers as well as fresh recruits is regarding the CTC (Cost to Company) and the actual in hand salary. It has become a common practice in PSUs as well as private companies to express their emoluments as cost to company without elaborating on in hand or take home salary. In fact, in recent times, it has become common practice for the companies to talk about market perception of the emoluments and benefits offered by them and arrive at numerical figures, which are highly inflated and confusing. Just imagine a new employee working in JMG I (Bank PO)  gets take home salary of around Rs. 22000 to Rs. 26000 but most of the PSU banks confuse the job aspirants with the terms like market perception of the monthly salary to be around Rs. 40000 to Rs. 60000 (Rs. 5 to Rs. 8 lakh per annum). Banks don’t hesitate in quoting highly exaggerated CTC for their employees and they rarely talk about take home salary in their job notifications.
Record of private sector companies is far better where Human Resource Managers do talk about the take home salary irrespective of the gross emoluments offered by the company. It becomes highly painful for unaware candidates who perceive the CTC as their take home salary. There are many instances when dissatisfied employees resigned in very short time period after comprehending the fact that their actual salary is much lower than the highly overstated CTC.