1. What is CTC Percentage Hike?

The CTC (Cost to Company) percentage hike measures the increase in your total compensation package from your old CTC to your new CTC. It's a key metric used during salary negotiations and job changes.

2. How Does the Calculator Work?

The calculator uses the CTC hike formula:

Where:

• New CTC — Your new Cost to Company (salary package)
• Old CTC — Your previous Cost to Company (salary package)

Explanation: The formula calculates what percentage your new CTC is greater than your old CTC.

3. Importance of CTC Hike Calculation

Details: Calculating your CTC hike helps you evaluate job offers, understand your compensation growth, and make informed career decisions.

4. Using the Calculator

Tips: Enter both CTC values in the same currency. The calculator works with any currency as it only calculates the percentage difference.

5. Frequently Asked Questions (FAQ)

Q1: Should I consider only basic salary or entire CTC?
A: For accurate comparison, use the complete CTC including all components (basic, allowances, bonuses, etc.).

Q2: What's considered a good CTC hike?
A: Typically, 15-30% is considered good when changing jobs, but this varies by industry, experience, and location.

Q3: Does this account for inflation?
A: No, this is the nominal hike. For real hike, you'd need to subtract inflation rate from the percentage.

Q4: How does this differ from in-hand salary hike?
A: CTC includes all benefits while in-hand is just take-home pay. The percentage hike may differ between the two.

Q5: Can I use this for comparing job offers?
A: Yes, but also consider other factors like career growth, work culture, and benefits beyond salary.