Hi all,
It will be of great help if any body can let me know what alll are the difference between,
1) Full time employment
2) Contractual employment
3) Contract employment
4) Contract to hire
Regards
You can mail me at
From India, Bangalore
It will be of great help if any body can let me know what alll are the difference between,
1) Full time employment
2) Contractual employment
3) Contract employment
4) Contract to hire
Regards
You can mail me at
From India, Bangalore
hi Rupa,
As far as i know the contract and contractual employment is one and the same thing wherein, an employee is working with a client of the consultancy / third party, the employee is on payroll of the third party and working with the client for a fixed term contract / or as decided.
Contract to Hire is a term being used by recruitment agencies / consultanicies, wherein ultimately an employee is taken on the permanent payroll of the client after being initially on the pay roll of third party vendor.
Full Time employment is where a employee is taken in as a permanent hire and payroll of a company till he resigns / or company terminates / severes his candidature.
Hope it Helps!!
Best Regards'
Anu
From India, Hyderabad
2As far as i know the contract and contractual employment is one and the same thing wherein, an employee is working with a client of the consultancy / third party, the employee is on payroll of the third party and working with the client for a fixed term contract / or as decided.
Contract to Hire is a term being used by recruitment agencies / consultanicies, wherein ultimately an employee is taken on the permanent payroll of the client after being initially on the pay roll of third party vendor.
Full Time employment is where a employee is taken in as a permanent hire and payroll of a company till he resigns / or company terminates / severes his candidature.
Hope it Helps!!
Best Regards'
Anu
From India, Hyderabad
Hi Anu thanks for the description.
Can u please tell me the diff between contractual basis and full time employment..
Were in you can guide me..
If a candidate CTC is 2 Lacs his take home when on full time is 13500/-
When on contractual CTC is the same but take home is 16k +
Can u tell me how this is happeneing and what might be the possible break up
Regards
Ram
From India, Bangalore
Can u please tell me the diff between contractual basis and full time employment..
Were in you can guide me..
If a candidate CTC is 2 Lacs his take home when on full time is 13500/-
When on contractual CTC is the same but take home is 16k +
Can u tell me how this is happeneing and what might be the possible break up
Regards
Ram
From India, Bangalore
Hi,
If a person is on the direct payrolls of the Company he has to take the statutory benefits of the company like P.F, Gratutity , Leave Encashments, Medical etc etc .Also some like leave encashment, leave travel allowance are annual benefits
PF deductions are a minimum of 24% ( 12% employer, 12% employee)
which is a major deduction
Here these benefits are included in the CTC , hence the CTC becomes higher and net in hand after all these deductions comes down to a large extent .
If a person is on third pary rolls , the outsourcing agencies have an option to hire them as Consultants on Contract basis or on a Retainership model.
Here the only mandatory deduction is PT which is Rs. 175p.m
Hence everythingelse is net in hand .
Hope this will help you.
Divya.
From India, Mumbai
If a person is on the direct payrolls of the Company he has to take the statutory benefits of the company like P.F, Gratutity , Leave Encashments, Medical etc etc .Also some like leave encashment, leave travel allowance are annual benefits
PF deductions are a minimum of 24% ( 12% employer, 12% employee)
which is a major deduction
Here these benefits are included in the CTC , hence the CTC becomes higher and net in hand after all these deductions comes down to a large extent .
If a person is on third pary rolls , the outsourcing agencies have an option to hire them as Consultants on Contract basis or on a Retainership model.
Here the only mandatory deduction is PT which is Rs. 175p.m
Hence everythingelse is net in hand .
Hope this will help you.
Divya.
From India, Mumbai
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