Sunrise sectors see 11% salary appreciation
Mumbai, Bangalore and Delhi paid the highest salaries
By ET Bureau |
BANGALORE: Employees in sunrise sectors like communication, energy, healthcare and pharma have taken home higher salary packages compared to their counterparts in the IT/ITeS sectors. Salaries have risen in excess of 10.8% in the sunrise sectors. Besides this, the energy, healthcare and pharma industries have recruited 21% more temporary workers in 2008 compared to 2007, according to a study by TeamLease, a staffing and manpower solutions provider.
During the last two quarters, hiring of temporary hands recorded a 25-30 % growth. This has fallen abruptly to 4-6 % in the third quarter. There was a 14% year-on-year growth in recruitment of temporary hands last year, but the sudden fall in Q3 numbers could bring down the average to 7.5%, said Rajesh AR, vice-president , temporary staffing, TeamLease Services. Among the cities, Mumbai , Bangalore and Delhi paid the highest salaries and have also seen the best salary appreciation (11.62% on an average).
Goa, Indore and Ahmedabad are among the worstpaying locations (4.27% on an average). IT/ITeS sector in Bangalore recorded healthy salary growth, followed by Mumbai. Employees working in manufacturing , retail, communication, energy, healthcare and pharma have received good compensation hikes this year, while in Delhi, the BFSI, consumer durables and FMCG sector employees received good hikes. The study is based on a comprehensive report of the skills and salary data of more than 75,000 temporary staff working across 264 different profiles, 13 industries and eight functional domains in India.
During the last two quarters, hiring of temporary hands recorded a 25-30 % growth. This has fallen abruptly to 4-6 % in the third quarter. There was a 14% year-on-year growth in recruitment of temporary hands last year, but the sudden fall in Q3 numbers could bring down the average to 7.5%, said Rajesh AR, vice-president , temporary staffing, TeamLease Services. Among the cities, Mumbai , Bangalore and Delhi paid the highest salaries and have also seen the best salary appreciation (11.62% on an average).
Goa, Indore and Ahmedabad are among the worstpaying locations (4.27% on an average). IT/ITeS sector in Bangalore recorded healthy salary growth, followed by Mumbai. Employees working in manufacturing , retail, communication, energy, healthcare and pharma have received good compensation hikes this year, while in Delhi, the BFSI, consumer durables and FMCG sector employees received good hikes. The study is based on a comprehensive report of the skills and salary data of more than 75,000 temporary staff working across 264 different profiles, 13 industries and eight functional domains in India.
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