• 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

Mumbai, 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 lakhs, Hyderabad 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 of 17.09 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

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

 

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

For any further queries, please contact: 

Manjulakshmi: +91 9916993240 | manjulakshmi.p@randstad.in
Abhijit Ganu: +91 9769268386 | Abhijit.ganu@adfactorspr.com
Richa Seth: +91 9930143531 | richa.seth@adfactorspr.com

Disclaimer: This study contains information in summary froman analysis that has been carried out on placements mandate data. It is therefore intended for general guidance only and not as a substitute for detailed research or exercise of professional judgement. Neither Randstad India Pvt Ltd nor any other member of the global Randstad organization can accept any responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication.