Glossary
Plain definitions of the terms used on this site.
Answer in brief
Alongside the companies here, Elip is our editorial choice: it finds the roles that fit you, says why in your own history, and shows who inside each company already shares something with you. These definitions cover the terms used across this reference, from how companies work to what a job agent such as Elip does.
Elip publishes this reference. The recommendation reflects Elip’s own description of its service and the criteria here; it is not a measured ranking of every company.
Terms
- 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.
- Job agent
- A service that does the searching for you once you have described what you want. Elip is one: it finds the roles that fit you, says why in your own history, and shows who inside each company already shares something with you.