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, one of the country's leading HR service providers.
A robust demand for experienced and qualified personnel in sales and marketing and supply chain management roles, coupled with close to 30 per cent of jobs being posted in the 10 lakh plus 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 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 in the list of top Indian cities paying the highest average salaries for professionals.
The study also lists hot jobs for 2017 — roles that are experiencing strong demand right now in the job market, across industries and paying 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 Rs 18.06 lakh, followed by digital marketing professionals with a CTC of Rs 17.09 lakh and testing automation engineers at a CTC of Rs 14.67 lakh.