Business

Medical And Tech Professionals Tops Pay Charts, Bengaluru Pays Highest For Talents

NEWS WORLD INDIA | 0
3898
| April 17 , 2018 , 18:37 IST

As per Randstad’s latest salary trends report, Bengaluru is the highest paying city in India, followed by Pune and Medical & Technology is the highest paying industry.

The reason behind the space topping the salary chart is the increase in demand for specialist doctors and technology professionals with R&D skills. 

With an average salary of Rs 9.4 lakh, professional services including management consulting, accounting, strategy and audit & legal were the second-highest paid. This was due to the increase in demand for implementation and compliance specialists, following the roll-out of GST. 

In individual roles across experience, specialist doctors were the highest paid with an average annual CTC of Rs 18.4 lakh. Following that are the number of technology roles like solution architects got Rs 15.1 lakh, product engineering specialists got Rs 14.8 lakh and blockchain technology experts got Rs 14.6 lakh annually.

ALSO READ: India Has Recovered From Note Ban And GST, Says World Bank Pegging Growth At 7.3%

Bengaluru was the highest paying city with giving an average annual CTC for talent across all levels and sectors at Rs 10.8 lakh. India’s Silicon Valley was followed by Pune at Rs 10.3 lakh. 

Bengaluru was the top paying city in 2017 too but there was a significant drop in salaries from last year when the average CTC figures for all cities were upwards of Rs 13 lakh. Bengaluru was at Rs 14.6 lakh last year, followed by Mumbai at Rs 14.2 lakh.

According to Randstad India CEO Paul Dupuis, a strong salary structure that strikes a balance between internal and external pay equity is important today for organisations as it’s often the key to bring top talent on board and keep them motivated. Building a successful organisation requires a number of key ingredients like a solid strategy, clear segmentation and go-to-market proposition, demand for the service or product, and the ability to deliver".

In the latest survey, for a person with more than 15 years of work experience and for an entry-level executive (less than six-year experience), consultancy is the highest paying job function with an annual average salary of Rs 34 lakh and Rs 6.8 lakh respectively.