What does average package and highest package mean?
Hello Silli,
The average salary of a job helps one gain some understanding of the relative worth of a job compared with others. The average salary represents an approximate competitive rate of pay, or "going rate," in the market for a particular job. If a company's average salary package for entry level employees is INR 35,000 then it means that an employee is most likely to get a salary package in and around the aforesaid figure.
However, the highest salary package offered by companies is an representation of the highest amount of pay grade bagged by an employee after his/her interaction with the authorities during the recruitment process. Such lucrative salary packages are bagged by those candidates who show calibre and present themselves in a significant fashion to the authorities during the job interview.
Hope this helps you. We wish you the best for your future endeavours!
Regards
In simple terms - An average package in terms of salary while placements mean the average salary that is provided to the candidates by a firm or a company. Highest package means the highest amount of salary a candidate gets in a placement. It basically refers to the salary per annum.
Hope this helps.
Good luck!
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