IT employees highest paid in India: Report
Bengaluru:
TIMES NEWS NETWORK
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IT employees continue to be the highest pa d in India, according to a report from online career and recruitment company Monster India. IT employees got median gross hourly salary of Rs 346, which is 24% higher than the national median.BFSI (banking, financial services and insurance) came in next at Rs 300 per hour and the manufacturing sector came in last with Rs 254, as per the Monster Salary Index MSI) sectorial reports for manufacturing, IT and BFSI sectors.But were the highly paid employees happy with their salaries? No. Sanjay Modi, managing director of Monster India, said that the IT and BFSI sectors have always been among the highly paid in India but noted that surprisingly , more of the employees n these sectors are dissatisfied with their salaries than those in manufacturing.
Some 57% of the IT employees and 52% BFSI employees were satisfied with their pay , compared to 60% in manufacturing. IT employees below 30 years earn Rs 236 per hour on average compared to Rs 450 for employees between 30 and 40, who are essentially mid-le vel managers. For those abo ve 40, normally senior level managers, the average per hour earnings shoots up to Rs 695. Overall, 95% of the respondents in the sector hold at least a three-year bachelor's degree.
While the earnings ar hig the report also points out the stark gender pay gap in the IT sector. Men earn a gross hour ly wage of Rs 365 compared to only Rs 231 received by women, a difference of about 37%.
Foreign companies in the IT sector, which include Accenture, IBM and Cisco, pay salaries that are more than two times higher than domestic firms such as Infosys and Wipro, at the median. Wor kers with permanent contracts earn roughly 23% more than workers with non-temporary contracts.
Source: Times of India, 16-02-2016
Some 57% of the IT employees and 52% BFSI employees were satisfied with their pay , compared to 60% in manufacturing. IT employees below 30 years earn Rs 236 per hour on average compared to Rs 450 for employees between 30 and 40, who are essentially mid-le vel managers. For those abo ve 40, normally senior level managers, the average per hour earnings shoots up to Rs 695. Overall, 95% of the respondents in the sector hold at least a three-year bachelor's degree.
While the earnings ar hig the report also points out the stark gender pay gap in the IT sector. Men earn a gross hour ly wage of Rs 365 compared to only Rs 231 received by women, a difference of about 37%.
Foreign companies in the IT sector, which include Accenture, IBM and Cisco, pay salaries that are more than two times higher than domestic firms such as Infosys and Wipro, at the median. Wor kers with permanent contracts earn roughly 23% more than workers with non-temporary contracts.
Source: Times of India, 16-02-2016
