Atlassian came to our campus with CTC of 82 but actual tc was close to around 30 including stocks and joining bonuses and all.

Founder

I don't know exactly. But some said the total stocks were vested over for like 7 years lol. Still not sure about exact breakdown. Try finding on leetcode.

Software Engineer

All the company coming for campus placement inflate CTC like anything

Analyst

All the companies that include food costs in the CTC

Product Manager

Channel Sales

UX/UI Designer

Mine includes heads like office stationery, magazines, library memberships, books, personal training fees and sports equipment. All useless AF. And we're on permanent work from home

Content Marketing Manager

I have seen companies adding food, transportation and all sort of random benefits in CTC to artificially inflate it. Some add higher education reimbursements under certain conditions which are almo...

Welcome to Office Gossip's Private Community

I have seen companies adding food, transportation and all sort of random benefits in CTC to artificially inflate it. Some add higher education reimbursements under certain conditions which are almost never met.

Which company has the shadiest CTC breakdown

Which company has the shadiest CTC breakdown- Grapevine

Hey guys,

I am a fresher, will be joining SAP LABS INDIA soon. I was offered stock options worth 8.4L over 4 years. I have been looking for vesting period details but not much info is available online. If someone here knows about it, please share the details. Thanks!!

(Lol, Trying out hashtags, idk if it works or not, let's see)
#SAP #SAPLABS #STOCKS #Bangalore #Salary

SAP Labs STOCKS

Welcome to IT Company Discussion's Private Community

Current CTC - 10 Lakhs
New CTC - 20 Lakhs

Is this 100% hike?

May NOT be.

What if 20 Lakhs includes a 20% bonus (not in the previous CTC)?
What if 20 Lakhs includes 2 Lakhs of ESOPs (not in the previous CTC)?
What if 20 Lakhs includes allowances that are useless (not in the previous CTC)?

******

The term “CTC” is NO less than a SCAM in India.

I don’t know any other countries that use the term “CTC”, do you?

And that’s why in India, 
Your in-hand salary will always be MUCH lower than CTC, 100% always.

Let me repeat:
“Cost to company” is NOT equal to “Your Income”.

There is always a leakage. 

********

Companies will NOT change this practice in India.

But YOU can, so:

-STOP asking what my CTC is going to be?
-START asking what my “TAKE HOME” is going to be?

TAKE HOME matters the MOST!!

#copied

CTC vs Take Home

Program Manager

If not, then can you use this to increase your next switch hike?

Does your company include insurance in your ctc?

Software Developer

Welcome to Business Roles's Private Community

I noticed that there are a lot of variables that come into account while CTC is announced in B-Schools.

But can there be an example of it here in grapevine?

How inflated is your current CTC?

Welcome to Personal Finance's Private Community

Hello all, I have got a SDE-1 offer from one of the biggest fintech companies in India. What in-hand salary should I expect monthly?

The CTC breakup:-
1. Fixed - 14,40,000
2. Variable- 3,00,000
3. Retention- 60,000

How much in-hand salary should I expect?

Welcome to Software Engineers's Private Community

Profile at cashfree: backend developer
CTC: 32 lpa
Base: 15 
Variable: 2
Esop: 15 (4 yr equally divided)

Profile at SRIB: Developer
CTC: 20
Base: 14
joining: 1
Retention: 5(4 yr equally divided)

Priority: WLB> learning> comp

although my inclination is little towards the research side, considering the hike 1 after yr it's like 10%(samsung) and 50%(Cashfree), if the market remains the same. 

Not able to figure out which to join 😟.... any suggestions?

Samsung blr Vs Cashfree, which to join?

Intern

Welcome to Indian Startups's Private Community

There is this one company which came to our campus offering 10.5L CTC and literally selected 251 students at a time when even our college (tier 1) is struggling to place even 50% students and maximum hiring per company is around 10. 

When you read this company's reviews online, the reviews are like they don't pay stipend for months and ask you to sell courses irrespective of if you are a developer. In fact, they ask for money from interns for 'charity' work. 

And the best part is, everyone who gave the test got selected, without any interviews. 

I think that college knows the reality but they still allow this so that the placements stats improve (adding 250+ students at a CTC of 10L really improves the placed percentage and the average package)

Fraud companies boosting placement stats

How is ISB managing to substantially increase the avg CTC of its cohorts, year after year.

ISB placement record

Product Owner

How much joining bonus does Accenture provide? What is it based on? Role, location?

Accenture Joining bonus

Hello Grapeviners,

What is with Indian recruiters wanting to know your CTC as the very first step of hiring? And when asked to share the ctc range in which the role falls, they refuse to share.  So basically they just want to lowball candidates based on their current CTC and parity is a joke?
Now If a recruiter denies sharing the range for the role and insists on knowing my CTC, I run!  What are your thoughts?

Recruiters want to know your CTC

As a recruiter, i have candidates asking me the payscale and i usually share them the compensation bands we have ...although in most cases we are told strictly not to tell the applicants ...however for me , i think it kinda makes my job much easier as they don't false expectations with the role or the salary ...neither i make them waste their time interviewing us ...saves a lot on both sides  
 My managers do expect me to have certain extra good profiles just to maintain our pipeline and show a good funnel of quality folks..but it does not work my way ...

Consultant

hey guys, I'm interviewing at a startup currently and they are asking me if I can work 6 days a week for a couple of months initially till the Product goes live. 
how do I respond to this? I want to take the offer but the 6 day work week is what pulling me back from accepting the offer.

6 day work week normal at Startups?

It’ll never be for a couple of months only :)

Private Equity

Senior Associate

What is wrong with these colleges, hearing this for the first time.

Thoughts? Colleges asking for a fee to get placed? Damn that’s a new low. 😔🫠

Is it a red flag if a company is frequently making changes to the paystub components? The CTC remains the same but they keep moving around things on the paystub. Like decrease certain component and increase other. I've noticed this occur closer to the tax season. Also, they keep updating the employment portal and later have all employees accept their offer letters again (because they have slyly added some text regarding this shuffling and juggling of components). Is this even legal in India?

Company randomly changing components on paystubs

Use this platform to pass inside information, which you think can be helpful had you known when it was your time. 

Revolut ( UK fintec) has three types of ranking in support specialist workflow. Graduate, junior, and mid level. Once you have gone through the test,interview, and all,they will put you in one of these three rankings based on your performance and exp. Generally Grad (0-1yoe), Junior 1-2), Mid(2/3+) .  YOE not sole critera, they can be lenient based on performance 

Grad ( 4- 5 lpa)
Junior (5-7.5)
Mid (7.5-10)

This is true for Fincrime, kyc, kyb , screening, and ongoing monitoring.

FIU and TM crypto pass 1 -2 lac more than the other.

Mid (fiu) can pay 12 lpa even with 2 yoe.

This is for support specialists' production roles.

A 4yoe + 2 yoe in TL can fetch you 15+ lpa as a TL. Again, crypto and FIU can fetch you upto 22 lpa.

Your current ctc doesn't hold you back. Revolut doesn't negotiate hard. 2 negotiations and they offer you or they don't. Its not back and forth with them. 

4.5 ctc has got 11.5 ctc there. 150% hike. 2 rounds of negotiations. Plain simple. 

If you are applying for any role. Don't hesitate to ask more, be your lawyer. These figures already exist. Maybe there are other higher figures too that i am yet to come across.

PS : I dont work there, but 6 ppl whom i supervised do.

Brothers helping brothers

Hey,
I am SDE with 2YOE getting 10LPA.
Here I could see many folks posting their CCTC as 30LPA, 35LPA or even beyond for 2-3years exp. 
How is it possible? What you guys work with?
How many of you guys have such high CTCs?
Plz share your journey so i can pick up good stuff from it. Thank you

Getting anxious when I look at CTCs!

Have heard some on-campus placements at Amazon going higher than 2 crores?

Is that true? If yes, what's the structure of this package? 

What's the business sense behind hiring freshers at such salaries?

Just trying to understand the rationale better :)

Which company has the shadiest CTC breakdown

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