Overall Salary Hike To Be 12 Percent This Year: TeamLease Study
As many as 11 out of 15 industries are doing well to grow longevity of their staff, which in turn is containing attrition. The remaining four - agriculture and agrochemicals, BFSI, BPO and IT enabled services and FMCD - are characterized by profiles that attrite regardless of increment dole outs.
On both salary and increment payouts, specialization is a clear winner. Niche and high-skilled profiles such as network architect, SAP developer / consultant and project lead are in greater demand than the generalized and traditionally well-paid profiles such as IT executive / IT manager and accountant, it says.
"Salaries continue to rise - more for the deserving, employers are aggressively acquiring and rewarding the right skills and capabilities, talent migration is shaped by career enrichment opportunity as much as it is by market forces, and equity has prevailed," Lala added.
In terms of salary growth rates, Mumbai and Delhi have trounced Bangalore. Meanwhile, Pune curried favor with substantial salary payouts to niche profiles such as SAP Developer and specialized domains such as Engineering, the study added.
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