Bengaluru pays its professionals Rs. 11 lakh annually, highest countrywide
Bengaluru is still the highest paying city in India, says a Randstad study, whose last year's survey had the Garden City at numero uno position as well. The annual average CTC the city offers a professional hovers around Rs. 11 lakh, followed by Pune that pays Rs. 10 lakh, followed by NCR, Mumbai, Chennai and Hyderabad. Kolkata at 7th pays Rs. 7 lakh.
The survey that studied 1,00,000 jobs across 20 industry verticals and 15 functions said pharma and healthcare sectors are highest-paying, with average annual CTC of around Rs. 10 lakhs. This trend can be attributed to rising demand for specialist doctors and professionals with R&D skills. Second highest-paying jobs are for GST implementation and compliance specialists. FMCG, IT and real estate grabbed next few spots.
"A strong salary structure that strikes a perfect balance between internal and external pay equity is imperative today for the organizations as it's often the key to bring top talent on board and keep them motivated," said Paul Dupuis, MD & CEO Randstad India.
In other good news, HR experts predict top performers across sectors can expect as much as 15% salary hike this year. As hiring picks up in the market, organizations, especially consumer-driven ones, are under pressure to retain their star performers, and are increasingly taking to differentiating them from the average ones. But all employees can expect an average hike of 9-12%, they said.