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Median salary sees double digit growth: TeamLease Report

According to the report, double digit salary growth with an increase of minimum 10 per cent and maximum of 15 per cent was seen last fiscal

Press Trust of India  |  New Delhi 

Median of corporate recorded double digit growth in 2017-18, says a report. Staffing company in its annual 'Jobs & Salaries Primer Report (FY2017-18)' said a double digit growth with an increase of minimum 10 per cent and maximum of 15 per cent was seen last fiscal.

The report further noted that certain profiles offer significantly high growth like certified ethical hacker in (18.16 per cent) and in power & (17.29 per cent), in & (16.27 per cent) and in with (16.19 per cent).

"The salary growth we have all been looking forward too is now happening in our country," said Rituparna Chakraborty, Co-Founder & Executive Vice President,

According to the report, across 17 sectors and nine cities, nine sectors have indicated double digit growth, while seven cities have also shown positive outlook towards salary growth.

sector in (maximum 15.37 per cent) and sector in (maximum 14.55 per cent) exhibited the maximum salary growth across sectors.

"has come a long way from pay actions based on gut-decisions during the early 2000s, to analytically linking salaries to skills and performance during the 2010s, to handsomely rewarding sought-after skills in FY 2017-18," Chakraborty added.

As per the report, top paymasters who offer greater than 13 per cent salary growth are & tech startups, educational services, & pharmaceuticals, IT, media & entertainment, power & energy, retail and

The bottom paymasters (those who offer less than 13 per cent salary rise), are agriculture and agrochemicals, automobile & allied, BPO, construction & real estate, hospitality, & allied.

For the year 2018, about 3,00,000 salary records, across 17 sectors and 9 cities, were analysed to arrive at the insights.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, August 14 2018. 16:05 IST
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