An article published in The Financial Express about salaries in India has been quite an eye-opener for us, and boy, are we glad to be living in Delhi!
As we all know, the market has been stagnant for a while, and hence, so have our salaries. According to a TeamLease report that Financial Express accessed, “With the job market showing signs of maturity, industries are getting smarter at rewarding.” According to the article, the average salary hike in the near future is going to be a jump of almost 11 – 13 per cent across industries and functions, so it’s time to rejoice!
Topping the chart in six out of 15 industries and categories, Delhi has now pushed Bangalore off the top to become the top-paying city in India. We’re looking forward to double digit increments in IT, Agriculture and Agrochemicals, FMCG, FMCD, healthcare & pharma, hospitality, retail and telecommunications.
And the best part? Blue collar profiles will get lofty jumps, too! With new kinds of jobs coming into the market, innovation will be the key. Quoting Financial Express, “Delhi leads the hyper-growth city-sector clusters that dole out high salary increments. IT {13.65%}, Healthcare and Pharma {13.28%} and Telecommunication {12.67%} choose Delhi as the city to reward talent in best. Delhi, Bangalore, Pune, Mumbai, Hyderabad and Chennai are prominent on the scale of high increments.”
Are you pumped? We so are!
Read the full report here.
