Background
When employers send an interview request to a candidate they are required to enter a few pieces of information
The role
The location
Indicative CTC
Introductory message (optional)
What's Indicative CTC?
Indicative CTC is an estimate of the CTC that you would be willing to offer the candidate if he/she clears the interview process for the role that you are currently considering for the candidate.
How can I estimate CTC before even interviewing the Candidate?
Yes, there are a lot of variables that come into play when determining the CTC offered to a candidate, and many of those are not determined until after the interview process.
But we're not asking for your final offer up front. We're asking for an indicative salary - an estimate. Candidates know this number can and will change between the interview request and the final offer made to the candidate.
As a company it is certainly possible to provide an estimate up-front.
What if after the interviews we want to make the Candidate an offer lower than what we entered as the Indicative CTC?
You can go ahead and do so. Candidates are also made aware in advance that this may happen.
However, generally this should only happen for a good reason such as offering the candidate a role different than initially envisioned or if the candidate profile/resume was not accurate.
But, why are we asked to enter Indicative CTC anyway?
So candidates can make an informed decision on whether to interview with your company.
We believe information transparency is in the interest of both candidate and employer. Candidates list their Minimum Expected CTC when completing their profile. Employers who wish to interview the candidate must include an Indicative CTC that is at least as high as the amount quoted by the candidate.
It is not in anyone's interest if employers are interviewing candidates whose expectations are higher than what the employer has budgeted for the role. We eliminate this possibility.
When employers send an interview request to a candidate they are required to enter a few pieces of information
The role
The location
Indicative CTC
Introductory message (optional)
What's Indicative CTC?
Indicative CTC is an estimate of the CTC that you would be willing to offer the candidate if he/she clears the interview process for the role that you are currently considering for the candidate.
How can I estimate CTC before even interviewing the Candidate?
Yes, there are a lot of variables that come into play when determining the CTC offered to a candidate, and many of those are not determined until after the interview process.
But we're not asking for your final offer up front. We're asking for an indicative salary - an estimate. Candidates know this number can and will change between the interview request and the final offer made to the candidate.
As a company it is certainly possible to provide an estimate up-front.
What if after the interviews we want to make the Candidate an offer lower than what we entered as the Indicative CTC?
You can go ahead and do so. Candidates are also made aware in advance that this may happen.
However, generally this should only happen for a good reason such as offering the candidate a role different than initially envisioned or if the candidate profile/resume was not accurate.
But, why are we asked to enter Indicative CTC anyway?
So candidates can make an informed decision on whether to interview with your company.
We believe information transparency is in the interest of both candidate and employer. Candidates list their Minimum Expected CTC when completing their profile. Employers who wish to interview the candidate must include an Indicative CTC that is at least as high as the amount quoted by the candidate.
It is not in anyone's interest if employers are interviewing candidates whose expectations are higher than what the employer has budgeted for the role. We eliminate this possibility.