Glossary
Cost to Company (CTC)
The total annual cost of employing someone — salary plus benefits, taxes, and overhead — as opposed to just their take-home pay.
Cost to Company (CTC) is the full annual cost of employing a person: base salary plus statutory benefits, employer taxes, insurance, and other overhead. It is the number that actually hits your budget, and it is always higher than take-home pay.
When comparing hiring options across countries, compare CTC — not headline salaries. A managed-team or EOR model rolls payroll, compliance, benefits, and equipment into one predictable figure, which makes true cost easy to compare against an onshore CTC.