Hi everybody,
Iam a freelance recruiter and i do headhunting.. I have placed a few candidates and the companies have asked me to raise the invoice on their Gross Salary. I only know their CTC . How can i know their Gross salary. For example one candidate had been offered 3.8 lakhs /annum. How can i calculate their gross from this.. Please help me..... :(
From India, Bangalore
1Iam a freelance recruiter and i do headhunting.. I have placed a few candidates and the companies have asked me to raise the invoice on their Gross Salary. I only know their CTC . How can i know their Gross salary. For example one candidate had been offered 3.8 lakhs /annum. How can i calculate their gross from this.. Please help me..... :(
From India, Bangalore
Hi halo_iway,
A grand welcome to you to our forum...
Many companies regard CTC and Gross salary the same..infact it is so..just to clear your dilemma ask the company to give you the CTC of the candidates and study all the components.
If they are offered the salary of Rs 3.8 lacs CTC..just check the heads and in case if they are being offered the benefits & perks which are not shown in the CTC like insurance both life & medical, car etc
For insurance add the premium to the CTC offered and with regards to car- two ways to assess the same viz the annual rentals if hired and if owned by the company - the tentative market value of the same and take the factor of 1% of the annual costs. But this is the grey area and sometimes the company officials may question this..
Frankly even i was in the same profession on my own for a while, would suggest that you forgo the annual perks & benfits and charge your rate at the annual CTC of the candidates and leverage this as goodwill to maintain the relationship with the companies on a long term basis as this field is very competitive.
Cheers,
Rajat
From India, Pune
A grand welcome to you to our forum...
Many companies regard CTC and Gross salary the same..infact it is so..just to clear your dilemma ask the company to give you the CTC of the candidates and study all the components.
If they are offered the salary of Rs 3.8 lacs CTC..just check the heads and in case if they are being offered the benefits & perks which are not shown in the CTC like insurance both life & medical, car etc
For insurance add the premium to the CTC offered and with regards to car- two ways to assess the same viz the annual rentals if hired and if owned by the company - the tentative market value of the same and take the factor of 1% of the annual costs. But this is the grey area and sometimes the company officials may question this..
Frankly even i was in the same profession on my own for a while, would suggest that you forgo the annual perks & benfits and charge your rate at the annual CTC of the candidates and leverage this as goodwill to maintain the relationship with the companies on a long term basis as this field is very competitive.
Cheers,
Rajat
From India, Pune
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