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Question
How will you justify your Cost to Company?
 Question Submitted By :: Vaibhav
I also faced this Question!!     Rank Answer Posted By  
 
  Re: How will you justify your Cost to Company?
Answer
# 1
i will be an  asset to the organisation by producing result 
and delivering qualitative and quantitive output by using 
my leadership qualities. i will try to the bring the result 
and make profit to the organisation and work for the growth 
of the company.
 
Is This Answer Correct ?    1 Yes 0 No
Vishal Kharbanda
 
  Re: How will you justify your Cost to Company?
Answer
# 2
Total compensation includes the 
value of all the perks and benefits one gets from the 
Company in addition to ones salary. Calculating Annual Cost 
to the Company is important while changing jobs as it more 
often than not determines what your compensation will be in 
the new Company. At the same time all the components are 
not always apparent. In order to arrive at a comprehensive 
figure one has to carefully add the value of all components 
or their cash equivalent. Given below is a format which may 
be downloaded and filled up to arrive at the Annual Cost to 
the Company.
 
Is This Answer Correct ?    2 Yes 1 No
A.a.nasar
 
 
 
  Re: How will you justify your Cost to Company?
Answer
# 3
Its an interesting question,Thanks Vaibhav for sharing it 
with us. I think I would answer it something like this:
The main components of ones' package are

Basic salary:which decided upon ones' educational 
quaification.hence this part can be justified with what the 
industry standards to that degree.

Maintenance allowance and HRA: this is to keep your 
lifestyle and living standard upto the mark of the company 
sice you are its ambassador.

Conveyance allowance: will take care of your movements so 
that you can reach with the best of you for all the 
meetings.

Medical allowance is ofcourse to keep the best of the 
health so that you dont have to take SL.

PF is to fulfill legal norms.

Insurances,gratuity etc. are to make you feel secure so 
that you can concentrate on work rathe than thinking of you 
children's future.

Bonus and other incentives are the loyalty charges to keep 
you motivated and with the company.

and their are few other allowances which are given to 
increase your CTC more than others if you are experienced 
hence that goes to the experiuence account.

So with this you can tell how all the components 
justifiable andshould be given because you deserve it.
 
Is This Answer Correct ?    1 Yes 0 No
Neelam Adhikari
 

 
 
 
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