What exactly is CTC?
Someone asked me, so it's Cost to Company, which refers to your current package in the organisation where you work, and ECTC, which stands for Expected Cost to Company for your future firm.
CTC (Cost to Company) is one of several details that your future employer will want to know about you, but the main question is when and where you must respond.
When, why, and where are more or less questions that come to mind frequently, but you tend to assume that it's not a big deal, so you mention it directly on the resume or we tend to say it directly in the interview before anyone asks us.
But it was a major concern for me because I saw professionals being affected by this, so I conducted surveys just in my office around both senior and junior colleagues; I arrived at the conclusion that one should convey this during the conversation when the interviewers question you.
One of my senior staff stated, "Writing expected CTC in curriculum vitae puts negative impressions," as she herself wrote and was rejected solely on this basis. It was difficult for her to understand the reason for the rejection, but after a sequence of refusals, she realised there was a high possibility of a mistake in the resume, which she had done by including CTC and ECTC.
As a result, one should not include expected CTC in the resume. Neither the percentage of the raise you seek nor the exact figure you are receiving in your current company. Typically, you send the same resume to multiple job applications or upload it to job portals, and CTC varies by company, job profile, skill set, experience, and so on.
Because there is always the possibility of negotiating CTC with your prospective recruiters, it is best not to disclose it in your resume format.
As a result, one should simply wait for the appropriate time to share their ECTC in front of the HR or CTC discussion should be reserved for the final round or HR discussion. Furthermore, it reduces the number of available opportunities while increasing the number of rejections.
Advice:
One should conduct research on the company and job profile that has been offered, substantiate their skills in the interview, and then decide what CTC they deserve.
Best Wishes!