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- Current compensation refers to the total expense that an employer bears in order to recruit and retain their employees1. It includes not only salary or hourly pay rate, but also other benefits such as employee Provident Fund (EPF), gratuity, housing allowance, food coupons, medical insurance, and travel expenses1. When discussing your current salary, it's important to consider the entire compensation package, including salary, bonus, and benefits2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.CTC is determined by adding an individual’s salary with other benefits they receive, such as employee Provident Fund (EPF), gratuity, housing allowance, food coupons, medical insurance, travel expenses, and more. In simpler terms, CTC represents the total expense that an employer bears in order to recruit and retain their employees.blog.internshala.com/how-to-answer-what-is-your-c…So What is Your Current Salary? If they insist on knowing your current salary, you can say, “I am looking for $xxxx in salary, but I will be evaluating the entire compensation package, which includes salary, bonus, and benefits. Do not tell them your current salary, but what you want to be paid!careerpivot.com/2017/what-is-your-current-salary/
- When declining to answer
- Use these tips when you would rather not answer this interview question: •Know your rights. Depending on where you are seeking employment, you may find that local re…
- When you decide to answer See more
Employers might ask this question to make sure they can offer a similar or more competitive salary. They want to have a better understanding of what someone with … See more
While you may feel pressured to answer this question, you can choose not to if the timing feels inappropriate. What an employer pays you should be based on … See more
- Example 1
- "I feel like it is too early in the hiring process for me to answer this questi… See more
WEBOct 18, 2022 · If you're a seasoned job seeker, then you may be familiar with this question: "What is your current compensation?" And, oh, the agonizing over how to respond! Do …
WEBJun 9, 2023 · Learning about the compensation before your interview can help you evaluate your answer and ensure it falls within the current salary range. If your rate …
WEBDec 12, 2022 · Here’s how to answer interview questions about your salary expectations. If the application does not allow you to enter ‘negotiable’ or ‘000,’ you have two choices.
WEBOct 25, 2023 · Tips to Answer “What is Your Current CTC?” A question about your current CTC often sets the stage for salary negotiations in an interview. It is crucial to …
WEBJul 16, 2018 · In some places, it’s actually no longer legal to ask about an applicant’s previous compensation. But while the issue is still being debated, you’ll want to be …
- People also ask
WEBJun 29, 2021 · In fact, your income in the combination of several things—usually, called a compensation package —that add up to put more money in your pocket over time. But …
WEBDec 14, 2017 · If you’re corresponding via email with a recruiter or HR person, they may ask you about your “current salary.” It can feel rude not to answer, and you shouldn’t ignore …
WEBMar 6, 2023 · Discover why hiring managers ask, 'What is you current salary?', learn how to answer this interview question and use examples to draft an effective answer.
WEBOct 13, 2020 · What is your desired salary and compensation? It’s a question that gets asked fairly often in job interviews and leaves candidates scrambling for an appropriate …
What is Your Current Salary? How to Answer! [Updated]
WEBSo What is Your Current Salary? If they insist on knowing your current salary, you can say, “I am looking for $xxxx in salary, but I will be evaluating the entire compensation …
How to Skillfully Answer the Question: “What Is Your Current CTC?”
WEBApr 3, 2024 · CTC stands for “Cost to Company,” which essentially refers to an employee’s total compensation package annually. This includes not only the basic salary but also …
What Does Compensation for Work Actually Mean? - Indeed
WEBThe right compensation can convince quality candidates to accept your job offers and makes current employees feel valued and appreciated. According to an Indeed survey, …
What Is Your Current Salary? (Sample Answers) | Job-Hunt
WEBKnow that salaries are part of an employer’s “total compensation package” which includes benefits like vacation, bonuses, healthcare coverage, and other elements which might …
What Is Compensation and How Is It Determined? - Glassdoor
WEBAug 23, 2019 · In fact, your income in the combination of several things — usually, called a compensation package — that add up to put more money in your pocket over time. But …
How to Answer: What Are Your Salary Expectations? - Jobscan
WEBJun 14, 2021 · Learn four ways to answer the salary expectations questions in an interview to stay competitive and get the compensation you deserve.
How To Answer "What is your expected compensation / salary?"
WEBFeb 17, 2015 · There are several parameters that make up total compensation, both quantitative and qualitative -- base pay, bonus, benefits, stock options, vacation time, …
How To Answer The “What Are Your Compensation Expectations …
WEBApr 7, 2023 · When thinking about the answer you’ll give to “what are your compensation expectations?”, prepare an explanation as to why you chose that amount. Be ready to …
How to Answer the Question “What Are Your Total Compensation ...
WEBDec 27, 2022 · What is total compensation? Firstly: Total compensation should include both base salary and additional benefits such as bonuses, stock options, and other …
What are your total compensation expectations? (And answers)
WEBMay 23, 2023 · What is total compensation? Understanding the term total compensation may be helpful to determine if your current role or the job you're applying to meets your …
What Is Total Compensation Compared to Your Actual Salary?
WEBAug 20, 2023 · What is total compensation? Total compensation includes an employee's base salary and any other compensation they receive, whether it's monetary or not. …
“What Are Your Compensation Expectations?” - The Lawyer …
WEBFrom negotiating an offer to timing the comp Ask, candidates in today’s market still feel anxious when it comes to the money. One frequent predicament that arises is how to …
Current Compensation Definition: 176 Samples | Law Insider
WEBCurrent Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but …
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