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Sharan Hegde Recommends Freshers to Read Job Offer Letter Properly

Sharan Hegde Recommends Freshers to Read Job Offer Letter Properly

Do you remember receiving your first job offer? Sharan Hegde recommends you to read it properly.

By WHOSTHAT360 Desk | Updated: 21 November 2023 18:30 IST

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Photo Credit: Sharan Hegde Instagram

Highlights

Sharan Hegde is a popular finance influencer
He suggests a fresher understanding of In-hand salary and CTC
He emphasises on checking the conditions written in the job offer letter

Do you remember receiving your first job offer? When did the reality hit you soon after joining the job or when you received your first salary? Most freshers get excited with the astonishingly high CTC and barely understand the difference between In-hand salary and CTC.

In-hand salary and CTC (Cost to Company) differ as CTC represents the total cost incurred by the company for an employee, including benefits. In-hand salary, however, is the actual amount received by the employee after deductions like taxes and other contributions. It reflects the take-home pay, distinct from the comprehensive CTC.

Check For Below Details:

CTC Examination: Scrutinize your 15 Lakhs CTC to identify potential retention bonuses, often granted for a specific tenure of employment.

Employee Bonds: Contrary to popular belief, employee bonds are legal and enforceable.

Penalty Clause: Be aware that your company may impose a fair penalty for non-compliance with established rules.

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A post shared by Sharan Hegde (@financewithsharan)

All the freshers out there read the offer letters properly and don't just simply accept an offer with a high CTC. Do your research and negotiate well on the in-hand component before you join the company.