TOP 3 MYTHS ABOUT YOUR JOB PACKAGE AND CTC

We often fall into the trap of believing ‘myths’ about career growth. We start planning our paths accordingly and make mistakes. We soon realize that such mistakes are very hard to correct and feel trapped in unwanted job scenarios. Today we discuss top 3 myths about our pay packages.

MYTH NO. 1 – YOU CAN INCREASE YOUR CTC IS BY CHANGING JOBS TOO FREQUENTLY

Changing jobs too frequently can actually have a very negative effect. Your potential employer may see you as someone who would not stick around for long. This could damage your chances of getting further recruitments. The optimum way to grow your CTC would be to stick around in a company, work hard, learn new skills and become MORE MARKET READY before going for job hunting!

MYTH NO. 2 – HIGHER SALARY MEANS A BETTER JOB

This is completely untrue. The industry is full of examples of people who have changed jobs in the greed of more money only to regret later. While a higher CTC or package is highly desirable, you will soon find that the incremental money is not worth it after all if you don’t like your new role. Moreover, if you get stuck in a company whose culture does not align with your value system and lifestyle, the higher package would seem absolutely meaningless.

MYTH NO. 3 – YOU CAN REACH THE TOP OF THE CTC LADDER The concept of money is very relative and rarely absolute. You may earn more than some friends of yours but there will always be other distant friends or college / school mates who will be earning more than you! There is no concept of being No. 1 or standing at the top of the CTC ladder. If you thought that the salary of Mr. C Vijayakumar, CEO, HCL Tech – about Rs. 130 crore ANNUALY (2022) is the highest of any CEO in India, compare it with the MONTHLY compensation of roughly 1600 crore of Elon Musk. (source: news18.com | Bloomberg)