Monster India (www.monsterindia.com), one of the leading online career and recruitment solutions providers in the country, launched the ‘Monster Salary Index’ aimed at successfully empowering jobseekers with a benchmarking to compare their salaries with other anonymous profiles across a broad spectrum of industry domains, experience, functional groups both in India and other global markets. For employers, MSI is an online salary survey that aims to provide employers with practical information and helps them make informed decisions by analysing the salary market and optimising employee remuneration.
Analysing the trends of the Indian market, the report shows that with a median gross salary of the finance sector is the second most lucrative sector. Employees in this field are highly educated, and for these it reflects in their salaries with an average of Rs 300 per hour. Interestingly, gender pay gap in the finance sector is about 19%, which is lower than the average in the Indian economy.