CTC Full Form Name: CTC Meaning
Full
Form of CTC :
Cost
to Company
CTC
Full Form is Cost To Company. CTC is
nothing but the overall cost of an employee to a business or company. CTC
includes various factors like basic salary and allowances like travel allowance,
house rent allowance, leave allowance, conveyance allowance, phone allowance,
medical allowance etc. Any individual applying to a professional company is
always expected to fill in his current CTC and the expected CTC which is one of
the essential criteria to employ an individual.
Nonetheless,
there is a sizable difference between the take-home or net salary and CTC which
even experienced people are yet to understand. While switching jobs, most
people tend to get convinced with the hike in CTC and later be disappointed to
see that the net take away amount has not increased. This is because CTC
includes the perks, contributions, PF, various benefits and other
contributions. And the net salary is calculated after deducting the amount for
the benefits and perks. This is something to be completely understood for by
every employee.
CTC
Full Form – Additional Information
A
job seeker always looks out for a hefty pay package. Many times after going
through the selection process, the HR executive put forth the CTC or cost to
the company before the prospective employee. A new job seeker often gets
overwhelmed by looking at the large figure as he thinks that it is the salary
that he will be taking home. Then comes the payday and he gets a shock to see a
lesser amount falling in his hand. So he wonders, “Where did that other money
go?”
What
is CTC?
CTC
means Cost To Company and in simple terms, it means the expenses incurred by
the employees work tenure by the employer that is the company. Thus, a CTC
shows the amount of money the company is willing to spend annually on the
employee to retain his services. There are many factors added to come to a
final CTC figure. The employee has a base salary to which the company adds
benefits and perks. These include the dearness allowance, medical allowance,
house rent allowance, health insurance, entertainment and conveyance allowance
and the company’s contribution towards the provident fund. Other things that
may be added to the CTC are the performance bonus as well as overtime
allowance.
Apart
from the basic salary of the employee, these are the different perks given by
the company and thus, they are termed as “Cost to Company”. The CTC can be
manipulated by the employee for his benefit by converting many indirect
allowances to direct allowance. We will talk about this in detail later. But it
is necessary to understand that cost to the company and take home salary do not
mean the same thing and a person seeking a job should learn this difference
before accepting the post.
Difference
between take home salary and CTC
As
mentioned earlier, CTC is the total of all the benefits added to your basic
salary to give a gross salary and then adding the company’s contribution
towards the provident fund, thus giving the final cost to the company. Many of
the above-mentioned components that contribute towards building the CTC
(various allowances, bonuses, etc) are taxable and there is income as well as
professional tax to be cut. Therefore, what you get in your hand after
calculating all the deductions and taxes is the “Take Home Salary” or the Net
Salary.
A
person’s pay slip always gives the details about the breakup of funds and
explains at a glance your income and your deductions to give a net amount that
you are entitled to take home that month. Amongst the deductions are also
considered the pay cuts on account of unpaid leaves or loan taken from the
company, as the EMI is deducted from the monthly pay and finally, the
employee’s contribution towards the provident fund. Thus, as we can see, CTC
gives a wider picture of the expenses incurred during the year on a particular
employee and the Net Salary is the money the employee gets per month after all
the possible deductions have been made.
How
to alter CTC for your benefit?
After
the selection process but before your confirmation of accepting the job, it
does not hurt to sit across with the HR personnel and negotiate on few
components of the CTC so that they are more beneficial to you. Some examples
where you can alter the scene to your advantage are:
- Instead of subsidized meal in
the company, you can ask for food allowance. Here, the first option is
indirect benefit whereas getting food allowance is a direct benefit.
- Many companies offer to pick up
and drop facility to employees. Even though it seems wonderful, a
conveyance allowance is more profitable because there are tax benefits on
that.
- When the company takes the
insurance policy for an employee, its premiums are included in CTC. To
overcome this component’s disadvantage you can request for medical
reimbursement instead as this demand makes more sense as you stand to save
some amount on medical expenses. No doubt, there is an upper limit cap on
such allowances, but still they stand to our advantage.
- Try and get as many direct benefits
as possible and circumvent all the facilities that may seem rosy but may
not be beneficial as far as adding cash to your package is concerned.
The
motive behind good pay package
This
is a competitive world. There are many skilled persons out there who seek a
decent and profitable job. After all, a person works to earn a living and in
today’s world of inflation and skyrocketing expenses, the bigger the pay
package the better. Some sectors of businesses have a constant need for
manpower and getting a right candidate for the job is the perfect skill of HR
department. After receiving applications for the job, it is essential to
short-list the candidates for final selection. It is at this juncture when the
HR personnel decides on a pay scale for the prospective employee after
consultation with the management.
It
is a tendency that where ever you find greener pastures, you are tempted to
graze there. Similarly, any company that offers good perks and package is
obviously attractive to the employee. Considering this, the companies throw
open many allowances and benefits to lure the candidate. The more the number of
allowances and benefits, the fatter the pay package looks. Another idea behind
a good CTC is that knowing that the company is well paying encourages the
person to work there for a long time. On the other hand, we get to see that
people who take up a low paying job are soon seen job hopping in favor of
additional benefits.
Analyze
before you accept
On
a final note, one can say that when you apply for a job, look at the company’s
policies and understand them well. Find out what is beneficial for you and get
it changed in the salary structure. First and foremost, understand that costs
to the company and net salary are two totally different things and the CTC is a
bigger amount taking into consideration the addition of all allowances. On the
other hand, the take home salary may seem a smaller amount on account of
deduction of taxes, etc.
CTC
is the total annual expense of an employee by a company. Whereas the net salary
is the amount entitled to be carried home after various cuts on a monthly
basis. Study all these factors carefully before you take up a job and then
there will be no further confusion about CTC and take home money. After all,
the net pay is your actual earning and CTC is a projected image of your annual
earnings, albeit without calculating any deductions. So the next time the pay
slip falls in your hand, you know exactly “where that extra money goes”.
CTC
Full Form: Community Technology Center
Full
Form of CTC stands
for Community Technology Center. It is a facility which offers low-cost
or free computer access through training; to people who lack resources of
computers at home. Most often, such facilities are typically established
through the combined effort of non-profit and government organizations; private
citizens; or corporate. There are more than thousands of Community Technology
Center facilities all over the world that offer training that range from the
very basic computing skills to various applied skills and up to digital media
production. Some CTCs are located in public schools, libraries, neighborhood
centers, religious and social service centers; and some operate as freestanding
units.
Typical
features of CTC include; establishment in a neighborhood with low-income;
access to inexpensive or free computer; training and resources geared to take
care of the needs of the community; as well as community input in
administration and activities of the center.
Community
Technology Center programs boost the self-sufficiency of residents, increase
their talents and skills and help them to participate in civic and community
affairs. CTC programs also contribute to the increased consumers of IT products
and services. CTC network believes that regardless of religion, social status,
and race, every citizen must have equal rights in accessing technology and
learn the required skills.
Full
Form of CTC: City Technology College
CTC
Full Form refers
to City Technology College. It is typically a state-funded secondary
school, which offers free or no fees secondary or technical education to
students. CTCs fall under the direct supervision of the Department of Education
and are independent of the local authority. In England, CTC program was
initiated by the government under Education Reform Act 1988 in the end of 80s,
and colleges opened towards the end of 80s and early 1990. Almost 1/5th
of the total costs are taken care by private sponsors who at times are owners
of the CTC buildings.
CTCs
undertake National Curriculum but focus on technology based subjects,
mathematics, and science. Like any other accredited school, these are inspected
on a regular basis by the OSE or Office of Standard of Education. Since CTCs
have a close association with industries and businesses through their sponsors,
often, directors and governs of the companies and organizations provide solid
support.
The
main objective of CTC was to revive education within cities but the local
authorities hampered it by refusing to provide required school sites. Later,
the government stepped up to designate some of the existing schools to be
technology colleges. Currently, the CTC system of operation is being found in
some of the major cities all over the world.
CTC
Full Form: Closed Timelike Curve
Full
Form of CTC refers
to Closed Timelike Curve. Most often referred to as CTC, the Closed
Timelike Curve is the theoretical solution for the ‘theory of general
relativity’ and its field equations. In other words, CTC is the mathematical
result of a physics equation, which allows time travel. The main factor about
CTC is that it is assumed that the world line of an object that follows the
curve does not change as the resultant effect of the curvy path it follows.
Though CTC might theoretically allow time travel, instinctively it appears to
be paradoxical.
Willem
Jacob Van Stockum forecast the first CTC in 1937 and mathematician Kurt Godel
further elaborated this in 1949. There were several controversies about the
possibilities of time travel with Stephen Hawking supporting the possibility.
CTCs place certain restrictions on the physical states of the fields of
matter-energy in the universe. CTCs have the most controversial features in the
modern physics.
Several
stories, books, and TV serials were created. Some of the popular ones include
Robert A. Heinlein’s ‘All You Zombies’, TV series ‘Lost’, etc. Nevertheless,
CTCs is typically the only form of traveling backward in time, which
corresponds to the rules of the general relativity theory. Various attempts that
try to be scientifically accurate incorporate this approach.
Full
Form of CTC: Centralized Traffic Control
CTC
Full Form stands for Centralized Traffic
Control. It is a type of railway signaling, which began in North America.
Centralized Traffic Control consolidates the decisions related to train routes,
where were earlier executed by the local signal operators or train crews. The
most distinctive feature of CTC is the control panel that has a graphical
portray of the entire railroad, which is designated at the territory of CTC.
This panel helps dispatchers to keep a constant track of all locations and
trains across the territory each one of them is assigned.
However,
the dispatcher does not control all the signals. The dispatcher typically
controls only signals that do not have a number plate and are comprised of 2 or
3 units signals. These signals are commonly called as arms. Signals that have
number plates (Intermediate signals) are normally automatically operated within
CTC system.
The
cost of building CTC track is significantly higher than the non-signaled track,
as the cost of failsafe and electronics are considerably higher. Very few
railroads rely on the conventional method of manual controls and electronic
light displays for controlling the train traffic. Modern day railroads are
ruled by computer-controlled machines, which are certainly safer and smart
options to avoid accidents.
CTC
Full Form: California Commission on Teacher Credentialing
Full
Form of CTC stands for California Commission
on Teacher Credentialing. It is an individualistic agency, which was
established in 1970 and is also the oldest of the independent boards of in the
U.S. California Commission on Teacher Credentialing comprises of 15 voting
members along with 4 non-voting members who are otherwise called ex officio.
The Ex-officio member is chosen by the main elements of higher education
constituency of California such as Association of Independent California
Colleges; California State University; Regents of the University of California;
and Chancellor’s office of California Community College.
The
main objective of CTC is to educate, protect, and inspire students in
California. It also envisions students of all levels would be able to maximize
their potential through appropriate support from a well-qualified workforce of
educators.
CTC
has the mission to ensure relevance, high quality, and integrity in all aspects
of certification, preparation, and discipline in educators who serve the
students all over California. The commissioners who are Governor-appointed
comprise of six classroom teachers, one school board member, one school
administrator, one higher education faculty, and one credential holder along
with four public members. Commissioners are appointed to 4-year terms and they
serve as unpaid volunteers.
Full
Form of CTC: Cyclists’ Touring Club
CTC
Full Form refers to Cyclists’ Touring
Club. Universally popular as CTC, the Cyclists’ Touring Club is a
charitable organization, which supports and promotes the use of bicycles. It
was initially established in the name of ‘Bicycle Touring Club’ in 1978, which
was eventually renamed as Cyclists’ Touring Club. The organization is the
forerunner of a global network of motoring, cycling, and tourism organizations,
most who grounded their services on CTCs. It is the largest of its kind in the
United Kingdom, which works both at the local and national level for all needs
of cyclists. It offers various services to the members including organizing
local groups for recreational cycling and local activism.
Newsreader
Jon Snow has been the president of CTC since January 2007. Some of the
objectives of CTC are to promote amateur cycling sport; cycle touring; protect
and preserve safety and health of public by facilitating and encouraging safety
of cycling; educating the members regarding cycling and training them on
related activities.
Currently,
the National Cyclists Organization in the UK promotes cycling and had over
70,000 members in the year 2013. The success stories of CTC have been setting
standards to create awareness about the best practices in a cycle-friendly
design infrastructure. CTCs are organized at the district level with several
rides on the weekends and during the weeks. In 2008, CTC Charitable Trust had
launched Cycle Champions Program. ‘Cycle’ is the magazine run by the members of
CTC, which includes all kinds of new and reports as well as technical advice
and product reviews.
CTC
Full Form: Circulating Tumor Cells
Full
Form of CTC stands
for Circulating Tumor Cells. Any cancerous tumor consists of billions of
cells that harbor genetic mutations (modifications), which drive them to
divide, grow, and invade in the tissue where they are situated or embedded.
Nevertheless, as the cells keep multiplying, during the process, some cells get
washed away into the blood stream. These are called as Circulating Tumor Cells.
Typically, CTCs can travel together in the blood stream and lodge in new
tissues in other areas of the body. However, the CTCs have the information of
the tumor that is important to the diagnosis and treatment process.
CTCs
were first observed by Thomas Ashworth, in the year 1869 in a man who had
metastatic cancer. He suggested that these cells that are seen in the blood are
identical to the tumor cells and hence could help to identify the cause of
cancer or tumor in the body. He further studied and compared the floating cells
to the original tumor cells to conclude that they are a part of the cancer
cells which detach themselves from the point of origin and mix in the
circulatory system.
Since
tissue biopsies are invasive, ineffective in revealing the metastatic risk, and
cannot be often repeated, CTCs are considered to be the ‘liquid biopsy’, which
can provide live information about the disease condition. Variations in CTCs
include; Cytokeratin negative CTC; traditional CTC; Apoptotic CTC; small CTC;
and CTC clusters.
Full
Form of CTC: Chiba Television Broadcasting Corporation
CTC
Full Form refers
to Chiba Television Broadcasting Corporation. It is Japanese Commercial
Terrestrial Television Broadcasting Company, which is headquartered in Chiba.
Chiba Television Broadcasting Corporation is also a member of the JAITS or
Japanese Association of Independent Television Stations. It was founded on
January 28, 1970, and the broadcast officially began on May 1, 1971. The
digital broadcast officially started on April 1, 2006. President Ueda Seiya serves
as the representative and CTC has its headquarters in Chiba City Chuo-ku,
Tokyo-cho.
The
core business involves in core broadcasting as per the Broadcasting Act;
broadcasting time of sale; advertising agency; sound recording; publishing;
photography; etc. The programs of CTC range from news to sports to variety of
programs that interest the viewers.
CTC
Full Form: Central Texas College
Full
Form of CTC stands for Central Texas College.
It is a community college located in Killeen, Texas. CTC was founded in the
year 1965 and has numerous branches all over the world. It was basically
established by Central Texas citizens to serve the Bell County in Texas. CTC
has evolved from what was a junior college to a huge community college, serving
the military. Various degrees offered by CTC include; Associate of science;
Associate of Art; Associate of Arts in General Studies; and over 40 certificate
programs.
The
main campus is at Killeen, in which there is a memorial statue of Lyndon Baines
Johnson along with a fountain in the central courtyard. There are also metal
makers that indicate the boundary between Coryell Coryell Counties and Bell.
The main library of CTC is named as Oveta Culp Hobby and the building imitates
the style of Colonial Revival of Spain.
CTC
has been operating with the purpose and mission of supporting students on their
success and career establishment. The institution also has the vision to
fulfill all requirements of the global community by engaging innovative
education system. It is also a home to a lovely music station of KNCT-FM and
KNCT Television – PBS station.