India, April 6 -- An interesting anecdote shared by podcaster Kushal Lodha reveals the huge gap between the total package offered by companies vs what employees get in hand. Last year, during a conversation with entrepreneur Aman Dhattarwal, Lodha revealed that an African company came to an IIM for placements and offered a package of Rs.80 LPA on paper. The catch? Exactly half of that Rs.80 lakh was earmarked as "kidnapping insurance", and employees would only earn Rs.40 lakh as fixed income.

"This CTC vs in-hand salary is a sort of a scam, I feel," said Kushal Lodha during the podcast. He went on to elaborate on this point by citing the example of a company that came to IIM Calcutta for placements with an attractive package of Rs.80 LPA...