Glossary

CTC (Cost to Company): The total yearly amount a company spends on you, including fixed pay, variable pay, employer PF and benefits. Your monthly in-hand pay is lower.
In-hand salary: The amount credited to your bank account each month after tax, PF and other deductions.
Attrition: The share of employees who leave a company over a period, usually a year. LinkedIn excludes companies above 10% attrition from its list.
Notice period: The time you must keep working after resigning, often 30 to 90 days in India, as written in your contract.
Trust Index: Great Place To Work's anonymous employee survey. It carries 75% of the score for GPTW's India lists.
Culture Audit: A questionnaire the company fills in about its people practices for Great Place To Work. It carries 25% of the score.
Self-nomination: When a company chooses to enter an award or survey. Lists built this way only include companies that opted in.
Service agreement or bond: A contract clause requiring you to stay for a set time or repay training costs if you leave early.
Captive centre (GCC): An Indian office owned by a foreign company that does work for its parent, such as Synchrony's or JPMorganChase's India centres.
Variable pay: Part of salary linked to company or personal performance, paid only if targets are met.