FMCG emerges as the highest paying industry in India: Randstad Salary Trends Study 2017  

Power and IT – second and third highest paying industries in the country

·         Bangalore – highest paying city for talent across all levels and functions

·         E-commerce – highest paying industry for Senior and Mid-level talent

 

 

Bangalore, April 6th, 2017:  Employees from the FMCG industry receive the highest pay in India with an average annual CTC for talent across all levels and functions in the sector standing at INR 11.3 lakhs, according to the 2017 Salary Trends Study findings released by Randstad, one of the country’s leading HR service providers.A robust demand for experienced and qualified personnel in sales & marketing and supply chain management roles, coupled with close to 30% of jobs being posted in the 10 lakh+ category is being seen as a primary driver for the FMCG industry to emerge as the winner. This is followed by Power sector and the IT sector, where employees across all levels and functions earn average annual salaries at INR 9.8 lakhs and INR 9.3 lakhs respectively. Pharma and Healthcare, offering an average annual CTC of INR 8.8 lakhs and Telecom at INR 8.7 lakhs take the fourth and fifth position in the list as India’s most lucrative industries, reveals the study.

 

As far as the location-specific salary trends are concerned, Bangalore, the IT capital of India tops the chart as the highest paying city in the country, with an average annual CTC paid for talent across all levels and functions standing at INR 14.6 lakhs,. This is closely followed by Mumbai which stands at INR 14.2 lakhsHyderabad and NCR with an average annual CTC figure of INR 13.6 lakhs and INR 13.5 lakhs respectively. Chennai (INR 13.4 lakhs) Pune (INR 13.2 lakhs) and Kolkata (INR 11.4 lakhs) are the next three names that got featured in the list of top Indian cities paying the highest average salaries for professionals. 

 

The study also lists down Hot Jobs for 2017– roles that are experiencing strong demand right now in the job market, across industries and pay relatively higher remunerations for talent in the 6-10 years experience bracket when compared to other professionals in the same salary range. Core Java professionals lead the pack with an average annual CTC at 18.06 lakhs, followed by Digital Marketing professionals with a CTC of17.09 lakhs and Testing Automation Engineers at a CTC of 14.67 lakhs.

 

Presenting the study insights, Dr. Moorthy K. Uppaluri, MD & CEO, Randstad India said, “In a country like India where job loyalty is considerably low, salary becomes one of the most critical parameters that workforce takes into consideration while changing jobs. For employers too, it is an imperative to get the internal compensation structure right, which is primarily a function of various facets like capability, experience, location, job profile, industry of operation etc.”

 

Today employers are cognizant of the fact that the right salary structure is one of the key strategies to attract, engage and retain top talent in the organization and hence it is important to closely analyze the prevalent salary trends and make course corrections wherever necessary. Our salary study findings empower them with key insights and data that help them streamline and simplify this process, thus ensuring equitable pay”, he added.

 

The Randstad Salary Trends Study 2017 analyzed 1,00,000 jobs across 20 industry verticals and 15 core functions.

 

Other key findings from the 2017 Salary Trends Study:

 

 

Table 1: Highest paying job functions by city across all experience levels:

 

 

City

Function

Average Annual CTC in INR

 

Bangalore

1. IT professionals

17.5 lakhs

2. Sales – IT

17.4 lakhs

3. Sales- BFSI

17.3 lakhs

 

 

 

 

Mumbai

1. IT professionals

17.4 lakhs

2. Sales – IT

16.8 lakhs

3. Strategy & Consulting

16.1 lakhs

 

 

 

 

Hyderabad

1.Technical operations (Telecom)

17.5 lakhs

2. Strategy & Consulting 

17.2 lakhs

3. Sales- BFSI

16.6 lakhs

 

 

 

Table 2: Highest paying cities by experience level:

 

 

Senior level Talent (15 years+)

Top 5 cities

Average Annual CTC in INR

Rank 1 – Bangalore

28.0 lakhs

Rank 2 – Mumbai

27.0 lakhs

Rank 3 – Hyderabad

26.8 lakhs

Rank 4 – NCR

26.0 lakhs

Rank 5 – Pune

25.5 lakhs

Mid-level Talent (6-15 years)

Top 5 cities

Average Annual CTC in INR

Rank 1 – Mumbai

10.5 lakhs

Rank 2 -Bangalore

10.4 lakhs

Rank 3 – Chennai

10.3 lakhs

Rank 4 – NCR

10.2 lakhs

Rank 5 – Hyderabad

9.8 lakhs

Junior level talent (0-6 years)

Top 5 cities

Average Annual CTC in INR

Rank 1 – Bangalore

5.5 lakhs

Rank 2 – NCR

5.3 lakhs 

Rank 3 – Chennai

5.2 lakhs 

Rank 4 – Mumbai

5.1 lakhs

Rank 5 – Hyderabad

4.9 lakhs

 

Contd…

 

Table 3: Highest paying industries by experience level:

 

 

Senior level Talent (15 years+)

Top 3 industries

Average Annual CTC in INR

Rank 1 – E-commerce 

34.0 lakhs

Rank 2 – IT

33.7 lakhs

Rank 3 – ITeS

31.6 lakhs

Mid-level Talent (6-15 years)

Top 3 industries

Average Annual CTC in INR

Rank 1 – E-commerce 

13.0 lakhs

Rank 2 – IT

11.1 lakhs

Rank 3 – Telecom

10.9 lakhs

Junior level talent (0-6 years)

Top 3 industries

Average Annual CTC in INR

Rank 1 – Pharma and Healthcare

7.0 lakhs

Rank 2 – IT

6.5 lakhs 

Rank 3 – Power

5.5 lakhs 

 

 

 

Table 4: Highest paying job functions in India across all experience levels:

 

Top 3 functions

Average Annual CTC in INR

Rank 1 – Sales – IT

16.7 lakhs

Rank 2 – IT professionals

16.1 lakhs

Rank 3 – Strategy and Consulting

15.6 lakhs

 

 

Table 5: Highest paying job functions by experience level:

 

 

Senior level Talent (15 years+)

Top function

Average Annual CTC in INR

Sales- BFSI

34.9 lakhs

Mid-level Talent (6-15 years)

Top function

Average Annual CTC in INR

Strategy and Consulting 

12.9 lakhs 

Junior level talent (0-6 years)

Top function

Average Annual CTC in INR

Strategy and Consulting 

6.8 lakhs

 

Contd…

 

Table 6: 2017 Hot Jobs:

 

Rank

Job Title

Average Annual CTC in INR

1

Core Java Professionals

18.06 lakhs

2

Digital Marketing

17.09 lakhs

3

Testing Automation Engineers

14.67 lakhs

4

Axapta Consultant

13.52 lakhs

5

Hadoop & Big Data Professionals

10.62 lakhs

6

Product Engineering Specialists

10.38 lakhs

7

Android Engineers

10.01 lakhs

8

Finance Controller

9.64 lakhs

9

Solution Architect

8.95 lakhs

10

R&D Analyst – API (Pharma)

8.54 lakhs

 

* List of roles with higher remunerations for talent in the 6-10 years experience bracket when compared to other professionals

 

**************

About Randstad India:

Randstad India offers the broadest HR services portfolio ranging from Staffing, Search & Selection to Recruitment Process Outsourcing (RPO). The organization has a vast network of offices across the country to be within the reach of clients, candidates and flexi workers. The company, previously called Ma Foi is a leader in the HR services industry in India for the past 25 years and became part of Randstad through its global acquisition of Vedior in 2008. The Randstad Group is one of the leading HR services providers in the world, active in 39 countries across the globe. Randstad India continues to focus on developing customized and innovative HR services, leveraging on its unique strengths of geographical presence and end-to-end capability across all HR service functions.

For more information: www.randstad.in

About Randstad: 

 

The Randstad Group is a global leader in the HR services industry and specialized in solutions in the field of flexible work and human resources services. Our services range from regular temporary Staffing and permanent placements to Inhouse Services, Professionals, and HR Solutions (including Recruitment Process Outsourcing, Managed Services Programs, and outplacement). By combining our human touch with technology-driven solutions and tools, we aim to offer both clients and candidates the best tools and solutions for increased efficiency and engagement, connecting more people to more jobs. Randstad has top-three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Italy, Mexico, the Netherlands, Poland, Portugal, Spain, Sweden, Switzerland, the UK, and the United States, and major positions in Australia and Japan. At year-end 2016, Randstad had 36,524 corporate employees and 4,752 branches and Inhouse locations in 39 countries around the world. In 2016, Randstad generated revenue of € 20.7 billion. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded. For more information, see www.randstad.com

 

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