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 Rs 11.3 lakh, according to the 2017 Salary Trends Study findings released by Randstad. A press note said a robust demand for experienced and qualified personnel in sales & marketing and supply chain management roles, coupled with close to 30 percent 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 Rs 9.8 lakh and Rs 9.3 lakh respectively. Pharma and Healthcare, offering an average annual CTC of Rs 8.8 lakh and Telecom at Rs 8.7 lakh 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 Rs 14.6 lakh. This is closely followed by Mumbai which stands at Rs 14.2 lakh, Hyderabad and NCR with an average annual CTC figure of Rs 13.6 lakh and Rs 13.5 lakh respectively.
Chennai (Rs 13.4 lakh) Pune (Rs 13.2 lakh) and Kolkata (Rs 11.4 lakh) are the next three names that got featured on the list of top Indian cities paying the highest average salaries for professionals.
Presenting the study insights, Ranstad India, MD and CEO, Moorthy K Uppaluri 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 of capability, experience, location, job profile, the industry of operation etc.’