BENGALURU: India is one of the most sought-after jobs offering countries in the World, where remuneration plays an important part of a salaried person’s life in India. However, people are unsatisfied about their income with respect to the work they are engaged with in the private and public sectors.

Recently Monster.com released a report on basis of a survey conducted among salaried people along all sectors in India. According to Monster Salary Index (MSI), the information technology sector tops the most paying sector in India with an hourly salary of 346.14, which is approximately 24 percent higher than the average salary of overall Indian economy. Whereas, Banking, Financial Services, and Insurance (BFSI) sector ranks second with a median hourly salary of approximately 300. The report also noted that higher wage reflects the workers’ high level of education with 16–17 years of schooling.

Despite paying higher median salary—both the IT and BFSI sectors—around 43–48 percent of workers are unhappy and unsatisfied with their income. Only about 57 percent in the IT sector and 52 percent in the BFSI sector are seemed to be satisfied with their income.

On the other hand, manufacturing sectors are paying about 9% lesser than the median salary of entire Indian economy taken together with an average hourly salary of approximately 260 even for a Master’ degree holder in India. In addition, the multi-national companies in India pays nearly double the salary from what Indian manufacturing organizations pay their workers. Unlike BFSI and IT workers, as many as 60 percent of manufacturing sector employees are glad with their compensation.

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