Recruise India Consulting is a leading recruitment and talent consulting firm in India. The document summarizes Recruise's salary increase study for 2017. Key findings include: Recruise predicts an average salary hike of 11% in India for 2017, with top performers seeing increases up to 25%. Industries like pharmaceuticals and media may see hikes around 11%, while retail is expected to have the lowest at around 10%.
2. RECRUISE INDIA CONSULTING
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Recruise India offers a wide range of Outsourcing and Consulting services on a temporary,
contract and permanent basis. Serving Clients around the globe on Recruitment, Talent Pool Analysis,
Location Analysis, Executive level analysis, Compensation Benchmarking, etc.
Recruise India Consulting is in the recruitment industry for over ten years and has set the benchmark
in advanced recruitment and strategies. Recruise India Consulting has rich experience of recruitment
and providing the best talent solutions as per the client requirements.
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Recruise Hike Predictions 2017
3. “I am very optimistic that the year 2017 will be better than 2016 due to
several reasons; the GDP of the country is at 7.0% now and is expected
to improve further, I also see a lot of development in the field of IOT,
Artificial Intelligence and Healthcare in India. Companies across India
will experience more demand for talented professionals.”
– Sachith Kumar Rai – CEO and Founder Recruise India Consulting.
4. Summary
We, at Recruise India Consulting, conclude that the performers will benefit this fiscal year and according to our
survey and interviews India will emerge as the top paying nation as compared to its peers.The announcement of an
11% salary hike has been derived from an exclusive study of India’s financial indicators; interviews and surveys
conducted internally, we have also factored the governments' de-monetization move along with BREXIT norms.
Source: Recruise Research and Analysis, Public profiles,
Recruise Skill Taxonomy & SME Interviews
5. 2017 Salary Hike & Hiring
Top 4 Highest
Paying Industries
Hot Jobs in 2017
E-commerce
Health Care
Technology
FMCG
Cloud Computing
INR 11,000,00 - 21,000,00
Analytics
INR 13,000,00 - 23,000,00
IOT Architects
INR 12,000,00 - 18,000,00
Clinical Research
INR 10,000,00 - 22,000,00
Digital Marketing
INR 9,000,00 - 13,000,00
R&D
INR 22,000,00 - 40,000,00
Embedded Engineer
INR 12,000,00 - 33,000,00
Apps Development
INR 21,000,00 - 42,000,00
Salary ranges for mid level
Source: Recruise Research and Analysis, Public profiles,
Recruise Skill Taxonomy & SME Interviews
6. Overview
Recruise India Consulting
Aon Hewitt
Willis Towers Watson
Mercer
Korn Ferry Hay Group
11%
9.50%
10.80%
10%
10%
Salary hike prediction for 2017
Source: Recruise Research and Analysis, Public profiles,
Recruise Skill Taxonomy & SME Interviews
Recruise expects a salary hike in the range of 10.5% -11%,However, there is a high possibility of top performers to
get a salary hike between15% - 25% in efforts to retain top talent. Talent from Information Technology (IT) can expect
a hike of 11.4%.
The majority of the companies in India follow bell-curve system to rate their workforce. However, recently companies
such as Accenture, Infosys, HCL, Axis Bank and KPMG announced plans to shift from the bell-curve appraisal system
to a better merit and performance system. Companies consider GDP Growth and ongoing Inflation rate amongst
other variables for salary hike of their workforce.
7. Co-relation of GDP, inflation and salary hike
Source: Recruise Research and Analysis, Public profiles,
Recruise Skill Taxonomy & SME Interviews
.
Last five years has shown a stable salary growth. The correlation of salary increase with key metrics such as GDP and inflation has consistently
been low. The year 2009 saw the worst financial crisis due to recession, whereas the year 2007 was the best with a salary hike of 15.1%
6.6
12.6
10.2
10.4
10
14.9
6.49
10.9
5.8
5.2
8.5
6.6 6.6
7.6
7.6
0
2
4
6
8
10
12
14
16
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
% increase Infla on GDP
8. Industry wise salary Inflation
11%2017
8.4%
10%
2016
2015
FinancialServicesFMCG
11.1%2017
8.4%
10.8%
2016
2015
Media10.6%2017
10.1%
10.7%
2016
2015
11.2%2017
11.1%
10%
2016
2015
Pharmaceuticals
ConsumerInternetITES
11.4%2017
10%
10.1%
2016
2015
Technology
EngineeringServices
10.5%2017
10.4%
10.6%
2016
2015
12.9%2017
14%
13.8%
2016
2015
10.7%2017
10.3%
10.7%
2016
2015
Telecom
10.1%2017
9.6%
9.5%
2016
2015
Retail
9.2%2017
9.7%
9.6%
2016
2015
Source: Recruise Research and Analysis, Public profiles,
Recruise Skill Taxonomy & SME Interviews
The average salary hike for IT industry is projected at 11.4%, and top performers could expect a 15% - 25% raise.
Other industries, such as Pharma and Media continue to flourishes and may provide a salary hike of 11.2% and 11.1%
respectively. On the other hand, the Retail sector is likely to remain the lowest at 10.1% as per a study conducted internally
by Recruise India Consulting.
9. Banking & Financial Services - Current Compensation
For more details on the Roles and Salaries in the Industry, reach us: sachth@recruiseindia.com
Categories Avg. Exp
Marketing Executive 2 - 4
Banking Operations 2 - 4
Analyst - Broking 2 - 4
Compliance 2 - 4
Customer Service Executive 2 - 4
Equity Analyst 2 - 4
Corporate Strategy 4 - 6
Finance, Budgeting 6 - 10
Credit Control 6 – 10
Finance, Budgeting 6 - 10
1 4 7 10 13 16 19 22 25 25+
2.31.6 10.8
3.42.4 14.4
4.03.5 10.5
2.11.3 6.3
4.02.5 18.5
5.04.0 17.5
9.84.0 28
5.83.2 16.5
9.63.1 27.5
2.21.4 5 0
In Lacs
Source: Recruise Research and Analysis, Public profiles,
Recruise Skill Taxonomy & SME Interviews
Values in circles indicate median salary
10. Media - Current Compensation
Categories Avg. Exp
Marketing Executive 2 - 4
Client Servicing 2 - 4
Events Promotion 2 - 4
Public Relations 2 - 4
Corporate Communication 4 - 6
Product Brand Management 4 - 6
Media Buying 4 - 6
Media Planning 4 - 6
Search Engine Optimization 4 – 6
Affiliate Marketing 6 – 10
Product Marketing 6 - 10
1 4 7 10 13 16 19 22 25 25+
2.32.2 10.8
3.52.5 9.2
6.33.5 18.8
5.02.4 17
2.41.4 5.2
4.42.4 16.6
3.52.3 6.2
5.42.6 19
3.01.7 6.0
5.84.8 10.1
7.06.0 14.1
In Lacs
Source: Recruise Research and Analysis, Public profiles,
Recruise Skill Taxonomy & SME Interviews
For more details on the Roles and Salaries in the Industry, reach us: sachth@recruiseindia.com
Values in circles indicate median salary
11. Technology - Current Compensation
Categories Avg. Exp
System Administrator 2 - 4
Software Developer 2 - 4
System Analyst 2 - 4
Graphic Web Designer 2 - 4
Testing Engineer 4 - 6
Content Developer 4 - 6
MIS 4 - 6
Project Manager 4 - 6
Tech Lead 4 – 6
Product Manager 6 – 10
Technical Architect 6 - 10
1 4 7 10 13 16 19 22 25 25+
6.22.2 11.0
6.53.0 18.2
1.9
4.22.3 15.3
3.71.7 6.0
4.82.8 10.2
3.82.1 6.2
12.03.8 28.0
11.04.0 6.0
13.67.2 36.0
22.012.0 28.0
3.8 7.8
In Lacs
Source: Recruise Research and Analysis, Public profiles,
Recruise Skill Taxonomy & SME Interviews
For more details on the Roles and Salaries in the Industry, reach us: sachth@recruiseindia.com
Values in circles indicate median salary
12. Pharmaceuticals - Current Compensation
Categories Avg. Exp
Documentation, Medical Writing 2 - 4
Pharmacist 2 - 4
Intern 2 - 4
Clinical Research Coordinator 2 - 4
Clinical Researcher 4 - 6
Drug Regulatory 4 - 6
Clinical Data Manager 4 - 6
SAS Programmer 4 - 6
Research Scientist 4 – 6
Drug Safety 6 – 10
1 4 7 10 13 16 19 22 25 25+
6.22.2 13.4
2.21.2 4.1
8.16.3 15.3
3.91.7 5.8
4.93.2 26.7
3.82.0 6.2
12.03.8 21.0
3.0 4.2 30.0
5.54.0 14.0
5.53.0 13.8
In Lacs
Source: Recruise Research and Analysis, Public profiles,
Recruise Skill Taxonomy & SME Interviews
For more details on the Roles and Salaries in the Industry, reach us: sachth@recruiseindia.com
Values in circles indicate median salary
13. Disclaimer:
To Maintain confidentiality, only aggregated information is shared here. Employer or Industry specific information is only
indicative and has not been validated by the respective employers or industry. The Salary for same profiles may vary
across employers or within the same organization based on various factors such as location, skills or experience required,
levels of responsibility, etc. Recruise India Consulting offers no ownership or responsibility for the correctness of the
information provided and will not be liable for any financial or other loss directly or indirectly arising or related to use
of the same.