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India
Salary Benchmark 2018
Worldwide leaders in specialist recruitmentwww.michaelpage.co.in
2 www.michaelpage.co.inWorldwide leaders in specialist recruitment
3
SALARYBENCHMARK
2018 Contents
Market Insights 4
Sales & Marketing Insights 5 Salary Tables 6
Finance & Accounting Insights 11 Salary Tables 12
Human Resources Insights 14 Salary Tables 15
Legal Insights 17 Salary Tables 18
Technology Insights 19 Salary Tables 20
Digital Insights 21 Salary Tables 22
Engineering & Manufacturing Insights 23 Salary Tables 24
Procurement & Supply Chain Insights 27 Salary Tables 28
www.michaelpage.co.inWorldwide leaders in specialist recruitment
4Worldwide leaders in specialist recruitment
Top industries
By the numbers*
average time employers take to secure talent from start of the search till joining
average number of candidates employers interview before making a job offer
of interviews typically undergone by candidate with a company before securing a position
SALARYBENCHMARK
2018
*These employment trends are based on Michael Page data in the last 12 months.
Overall outlookIndia’s economic landscape is a dynamic one, assisted by regulatory adjustments and drives including the Goods and Services Tax (GST) and the Make in India project from the Government of India. Encouraged by a positive economic setting, India’s employment scenario is anticipated to expand, supporting the country’s robust economic growth. The World Bank forecasts that India’s GDP growth will be 7% for 2017-2018 – a positive sign for Michael Page business. The government has set about upgrading numerous industries, including manufacturing, infrastructure, logistics and warehousing, technology and renewable energy. Michael Page anticipates large-to-steady hiring activities within these spaces in the year ahead.
Five key trends• The Indian government’s projects has drawn the attention of foreign
investors and Michael Page has seen many international companies willing to set up manufacturing operations in India. We estimate a noticeable upsurge in recruitment activities as an outcome of new companies building their teams in India.
• The Make in India initiative has sparked a signifi cant focus on public infrastructure projects. Specifi cally the development of roadways, railways, waterways and ports in the country. This is likely to result in more employment opportunities across all levels when operations commence.
• The renewable energy sector, specifi cally the solar energy segment has seen an enhancement of activities. This space has further witnessed increased attention of not only the domestic investors but has also attracted the interest of investors from across the globe.
• The ongoing discourse on technology will bring about more opportunities for our clients, while leveraging technology in the recruitment processes will see a rise in 2018. From a talent perspective, using AI-based applications will expedite the recruitment processes, and also allow recruiters to focus on more complex tasks.
Robust growth to boost recruitment activity
4.5 months
6 professionals
3 rounds
“Overall, 2017 saw an upward trend in talent acquisition, across many sectors. Michael Page anticipates this to further increase in 2018. Proactive initiatives by the Government of India will boost various industry sectors resulting in economic growth of the country.”
Nicolas Dumoulin, Managing Director, Michael Page India
IndiaMarket Insights
eCommerce
FinTech
Logistics
Big Data
www.michaelpage.co.in
5
Roles in demand Top industries
*These employment trends are based on Michael Page’s data in the last 12 months.
$average salary increasewhen moving jobs
By the numbers*
Employment trends*
average number of candidates employers interview before
making a job offer
average time employers take to secure talent from start of
the search till joining
of interviews typically undergone by candidate with a company
before securing a position
Worldwide leaders in specialist recruitment
SALARYBENCHMARK
2018
IndiaSales & Marketing
www.michaelpage.co.in
“High demand for Sales and Marketing roles will continue into 2018. Sales professionals with good leadership skills will be in demand across industries, while in marketing, professionals with experience in
consumer, digital, and sales-enablement will be highly sought after.”
eCommerce and Internet
Energy
Professional Services
Chemical
• Heads of Sales
• Regional / Area Sales Managers
• Digital Marketing Heads
increase in number of positions in the last 12 months
9% 21-25%
6 professionals 4.5 months 3 rounds
6
Salary Tables
SALARYBENCHMARK
2018 Sales & Marketing
Consumer Goods
Candidates from premium business schoolsDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales / Channel Management 20 28 24 28 70 49 40 100 70 100 180 140 22 30 26 28 75 52 50 100 75 100 200 150
Brand Management / Product Management 20 28 24 28 70 49 40 100 70 - - - 22 30 26 28 75 52 50 100 75 - - -
Trade Marketing 20 28 24 28 70 49 40 100 70 100 150 125 22 30 26 28 75 52 50 100 75 100 180 140
Category Management - - - 28 70 49 40 100 70 100 150 125 - - - 28 75 52 50 100 75 100 180 140
Communications & CSR 13 18 16 18 40 29 30 55 43 60 150 105 15 20 18 20 45 33 35 55 45 60 200 130
Candidates from non top-tier business schoolsDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales / Channel Management 12 15 14 15 35 25 30 50 40 50 100 75 13 18 16 17 40 29 35 60 48 50 120 85
Brand Management / Product Management 15 18 17 18 40 29 30 50 40 - - - 18 22 20 20 45 33 35 55 45 - - -
Trade Marketing 12 15 14 15 35 25 25 45 35 50 100 75 13 16 15 18 40 29 30 50 40 50 120 85
Category Management - - - 18 40 29 30 50 40 50 100 75 - - - 20 45 33 35 55 45 50 120 85
Communications & CSR 12 15 14 15 30 23 20 40 30 35 100 68 13 18 16 18 35 27 25 45 35 40 120 80
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
www.michaelpage.co.inWorldwide leaders in specialist recruitment
7
Salary Tables
SALARYBENCHMARK
2018
Pharmaceuticals
Top global pharmaceuticalsDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales 10 18 14 15 32 24 25 55 40 45 130 88 12 20 16 20 40 30 30 60 45 50 150 100
Marketing 12 18 15 15 35 25 27 55 41 45 130 88 15 20 18 22 42 32 35 60 48 50 150 100
Regulatory Affairs / QA / RA 8 12 10 10 22 16 22 40 31 35 90 63 12 15 14 15 30 23 30 45 38 40 100 70
Communications & CSR 8 12 10 12 28 20 18 38 28 35 90 63 12 15 14 14 30 22 20 45 33 40 100 70
Medical Affairs 8 18 13 12 30 21 22 35 29 35 110 73 12 20 16 20 35 28 30 45 38 40 120 80
Locally present pharmaceuticalsDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales 6 15 11 12 28 20 18 35 27 35 100 68 10 18 14 18 35 27 20 50 35 40 120 80
Marketing 8 15 12 12 28 20 20 40 30 38 100 69 10 18 14 18 35 27 25 50 38 42 120 81
Regulatory Affairs / QA / RA 6 10 8 10 15 13 15 32 24 30 75 53 8 12 10 12 20 16 20 40 30 30 90 60
Communications & CSR 8 10 9 10 15 13 15 32 24 30 75 53 10 12 11 12 20 16 18 40 29 35 90 63
Medical Affairs 6 15 11 12 20 16 18 30 24 25 85 55 8 18 13 18 25 22 20 40 30 35 100 68
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
Sales & Marketing
www.michaelpage.co.inWorldwide leaders in specialist recruitment
8
Salary Tables
SALARYBENCHMARK
2018
Medical Devices
Top global medical devices companiesDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales 12 20 16 20 40 30 30 60 45 50 130 90 15 22 19 20 45 33 35 70 53 60 150 105
Marketing 15 20 18 22 42 32 35 60 48 50 130 90 18 22 20 20 45 33 38 70 54 60 150 105
Regulatory Affairs / QA / RA 12 15 14 15 30 23 30 45 38 40 100 70 12 18 15 16 35 26 30 45 38 40 110 75
Clinical / Application / Product Specialist / Service 10 12 11 12 20 16 - - - - - - 12 15 14 15 25 20 - - - - - -
Locally present medical devices companiesDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales 10 18 14 18 35 27 20 50 35 40 120 80 12 20 16 20 40 30 30 60 45 50 130 90
Marketing 10 18 14 18 35 27 25 50 38 42 120 81 15 20 18 22 42 32 35 60 48 50 130 90
Regulatory Affairs / QA / RA 8 12 10 12 20 16 20 40 30 30 90 60 12 15 14 15 30 23 30 45 38 40 100 70
Clinical / Application / Product Specialist / Service 6 8 7 8 15 12 - - - - - - 8 12 10 10 15 13 - - - - - -
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
Sales & Marketing
www.michaelpage.co.inWorldwide leaders in specialist recruitment
9
Salary Tables
SALARYBENCHMARK
2018
Building Materials
Top global building materials companiesDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales 10 25 18 25 40 33 40 80 60 60 85 73 10 25 18 25 35 30 35 50 43 65 90 78
Pre-Sales / Specifi cations /B2B Marketing 12 20 16 18 40 29 30 70 50 50 75 63 12 20 16 20 35 28 35 50 43 60 80 70
Project Management 12 20 16 18 40 29 30 40 35 40 60 50 12 20 16 20 35 28 35 50 43 50 65 58
Locally present building materials companiesDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales 6 15 11 12 25 19 25 50 38 40 60 50 6 15 11 15 25 20 25 50 38 45 70 58
Pre-Sales / Specifi cations /B2B Marketing 6 12 9 10 25 18 20 40 30 40 50 45 6 12 9 12 25 19 25 50 38 45 60 53
Project Management 4 12 8 10 20 15 20 40 30 30 45 38 6 12 9 12 25 19 25 50 38 40 50 45
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
Sales & Marketing
www.michaelpage.co.inWorldwide leaders in specialist recruitment
10
Salary Tables
SALARYBENCHMARK
2018
Life SciencesDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales 10 18 14 18 35 27 20 50 35 40+ 120 120 12 20 16 20 40 30 30 60 45 50 130 90
Marketing 10 18 14 18 35 27 25 50 38 42+ 120 120 15 20 18 22 42 32 35 60 48 50 130 90
Application Specialist 6 8 7 8 15 12 - - - - - - 8 12 10 10 15 13 - - - - - -
Industrial EquipmentDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales 6 20 13 12 30 21 25 50 38 40 75 58 8 20 14 20 30 25 30 45 38 50 85 68
Marketing 6 12 9 10 25 18 20 40 30 40 60 50 6 15 11 15 25 20 25 40 33 45 70 58
Project Management 4 10 7 10 20 15 20 40 30 30 50 40 6 15 11 15 25 20 25 40 33 35 60 48
ChemicalsDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Sales 8 15 12 12 25 19 25 40 33 40 80 60 8 15 12 15 35 25 35 50 43 50 90 70
Marketing 8 12 10 10 25 18 20 40 30 40 60 50 8 15 12 15 30 23 30 50 40 50 80 65
Application / Technical 6 12 9 10 25 18 18 30 24 30 45 38 6 15 11 15 30 23 30 50 40 45 60 53
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
Sales & Marketing
www.michaelpage.co.inWorldwide leaders in specialist recruitment
11
Roles in demand Top industries
*These employment trends are based on Michael Page’s data in the last 12 months.
$average salary increasewhen moving jobs
By the numbers*
Employment trends*
average number of candidates employers interview before
making a job offer
average time employers take to secure talent from start of
the search till joining
of interviews typically undergone by candidate with a company
before securing a position
Worldwide leaders in specialist recruitment
SALARYBENCHMARK
2018
IndiaFinance & Accounting
www.michaelpage.co.in
“The hiring sentiment across fi nance functions has strengthened with the continuing emphasis on ‘Ease of Doing Business’ in India. With investments in 2018 pouring in from private equity fi rms in infrastructure,
energy, and e-commerce spaces, we expect to see increased demand for fi nance candidates in these sectors, with strong focus on fundraising and investor relations experience.”
Healthcare
FMCG / Manufacturing / Industrial
E-commerce
Infrastructure and Renewable Energy
• CFO / Controller
• Corporate Finance (Fund Raising)
• Head Taxation with GST implementation experience
increase in number of positions in the last 12 months
4% 21-30%
6 professionals 4.5 months 3 rounds
12
Salary Tables
SALARYBENCHMARK
2018 Finance & Accounting
GeneralDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
CFO / Finance Director(Large organisation)
- - - - - - 50 75 63 75 250 163 - - - - - - 60 90 75 90 300 195
CFO / Finance Director(Small/medium organisation)
- - - 22 45 34 40 60 50 60 120 90 - - - 30 50 40 50 80 65 80 150 115
CFO / Finance Director(Shared services centre)
- - - - - - 35 60 48 60 140 100 - - - - - - 40 75 58 75 150 113
GM Finance / Financial Controller(Large organisation)
- - - 25 40 - 40 60 50 60 90 75 - - - 28 45 37 45 70 58 70 100 85
GM Finance / Financial Controller(Small/medium organisation)
- - - 18 32 - 32 45 39 45 60 53 - - - 22 40 31 40 60 50 60 80 70
GM Finance / Financial Controller (Plant)
12 20 16 15 30 23 25 40 33 40 55 48 - - - 15 30 23 25 45 35 45 70 58
Finance Manager(Large organisation)
12 18 15 20 35 28 - - - - - - 12 20 16 18 35 27 - - - - - -
Finance Manager(Small/medium organisation)
10 15 13 18 30 24 - - - - - - 12 18 15 15 25 20 - - - - - -
Finance Manager(Shared services centre)
6 10 8 15 28 15 25 45 35 - - - 12 15 14 15 30 23 30 50 40 - - -
Financial & Planning Analysis 12 18 15 18 35 27 30 60 45 60 80 70 15 20 18 20 35 28 35 55 45 55 80 68
Financial / Business Analyst 10 15 - 15 35 25 - - - - - - 12 18 15 18 30 24 30 50 40 - - -
Financial Accounting 8 15 15 15 30 23 - - - - - - 10 18 14 18 30 24 30 50 40 - - -
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
www.michaelpage.co.inWorldwide leaders in specialist recruitment
13
Salary Tables
SALARYBENCHMARK
2018
SpecialistDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Finance Strategy 10 15 13 14 30 22 30 50 40 50 80 65 12 18 15 18 35 27 35 55 45 55 100 78
Costing 8 12 10 12 20 16 20 35 28 - - - 8 12 10 12 20 16 20 35 28 - - -
Accounts Receivable 8 12 10 12 25 19 25 35 30 - - - 8 12 10 12 20 16 20 35 28 - - -
Accounts Payable 8 12 10 12 25 19 25 35 30 - - - 8 12 10 12 20 16 20 35 28 - - -
Treasury 10 18 14 18 35 27 35 55 45 55 90 73 12 20 16 20 40 30 40 70 55 70 100 85
Tax-Indirect 8 18 13 18 35 27 25 45 35 45 75 60 12 20 16 20 40 30 40 75 58 75 100 88
Tax-Direct / International 10 20 15 20 40 30 30 50 40 50 100 75 12 20 16 20 40 30 50 75 63 75 120 98
Corporate Finance 12 20 16 20 40 30 40 60 50 60 120 90 15 25 20 25 45 35 45 65 55 65 125 95
Investor Relations - - - - - - 35 55 45 55 75 65 - - - - - - 40 60 50 60 150 105
Internal Audit 8 18 13 18 40 29 35 60 48 60 75 68 10 20 15 20 35 28 35 50 43 50 100 75
Public AccountingDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Audit 10 20 15 20 35 28 35 55 45 55 100 78 12 20 16 20 40 30 40 60 50 60 100 80
Tax 10 20 15 20 35 28 35 60 48 60 100 80 12 20 16 20 40 30 40 60 50 60 120 90
Transaction Advisory 12 20 16 20 35 28 35 60 48 60 100 80 12 20 16 20 40 30 40 60 50 60 100 80
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
Finance & Accounting
www.michaelpage.co.inWorldwide leaders in specialist recruitment
14
Roles in demand Top industries
*These employment trends are based on Michael Page’s data in the last 12 months.
$average salary increasewhen moving jobs
By the numbers*
Employment trends*
average number of candidates employers interview before
making a job offer
average time employers take to secure talent from start of
the search till joining
of interviews typically undergone by candidate with a company
before securing a position
Worldwide leaders in specialist recruitment
SALARYBENCHMARK
2018
IndiaHuman Resources
www.michaelpage.co.in
“In 2018, we expect high demand for HR professionals who are analytical and execution-focused, along with those experienced in performance management, leadership and high-volume hiring. Organisations will
become more open to hiring younger talent for senior roles.”
eCommerce
Insurance
Retail
Manufacturing
• Compensation & Benefi ts
• HR Business Partners in Sales
• Talent Acquisition with Social Branding/Analytics experience
• Talent Management & Diversity Inclusion
increase in number of positions in the last 12 months
5% 16-20%
6 professionals 4.5 months 3 rounds
15
Salary Tables
SALARYBENCHMARK
2018 Human Resources
Commerce & IndustryLarge and middle capital companies / listed organisations
DELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Head of Human Resources (large companies) - - - - - - - - - 100 200 150 - - - - - - - - - 125 225 175
Head of Human Resources (small/medium sized companies) - - - 40 55 48 70 90 80 70 110 90 - - - 45 60 53 75 95 85 85 120 103
HR Generalist / Business Partner - - - 25 45 35 40 70 55 55 80 68 - - - 30 55 43 45 80 63 60 90 75
Learning & Development - - - 30 45 38 40 55 48 50 80 65 - - - 35 50 43 40 60 50 55 90 73
Compensation & Benefi ts - - - 30 45 38 40 70 55 60 90 75 - - - 35 55 45 50 80 65 65 100 83
Talent Acquisition - - - 20 30 25 40 50 45 50 120 85 - - - 25 35 30 45 60 53 55 125 90
Talent Management / OD - - - 30 45 38 45 55 50 60 90 75 - - - 30 55 43 50 70 60 65 95 80
Industrial Relations - - - 20 30 25 35 55 45 55 75 65 - - - 20 35 28 35 60 48 60 80 70
HR Operations / Payroll / HR IS - - - 18 25 22 30 40 35 45 65 55 - - - 20 35 28 35 55 45 55 75 65
HR Consulting - - - 35 50 43 50 70 60 70 100 85 - - - 35 55 45 50 75 63 75 110 93
Commerce & IndustrySmall capital companies / non-listed organisations
DELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Head of Human Resources (large companies) - - - - - - 50 60 55 60 120 90 - - - - - - 70 90 80 70 140 105
Head of Human Resources (small/medium sized companies) - - - 20 30 25 32 46 39 45 80 63 - - - 25 36 31 35 50 43 55 90 73
HR Generalist / Business Partner - - - 18 30 24 25 40 33 40 60 50 - - - 20 32 26 30 50 40 45 75 60
Learning & Development - - - 16 28 22 25 35 30 40 60 50 - - - 20 30 25 30 40 35 45 70 58
Compensation & Benefi ts - - - 21 33 27 25 42 34 45 65 55 - - - 23 36 30 35 45 40 50 75 63
Talent Acquisition - - - 18 30 24 28 38 33 40 60 50 - - - 20 33 27 30 40 35 45 70 58
Talent Management / OD - - - 20 35 28 35 45 40 45 60 53 - - - 25 36 31 35 50 43 50 75 63
Industrial Relations - - - 9 15 12 15 25 20 25 40 33 - - - 10 19 15 18 25 22 30 45 38
HR Operations / Payroll / HR IS - - - 8 12 10 10 15 13 25 40 33 - - - 9 16 13 15 25 20 30 45 38
HR Consulting - - - 25 35 30 35 50 43 50 75 63 - - - 25 41 33 35 55 45 65 80 73
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
www.michaelpage.co.inWorldwide leaders in specialist recruitment
16
Salary Tables
SALARYBENCHMARK
2018
Banking & Financial ServicesLarge and middle capital companies / listed organisations
DELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Head of Human Resources (large companies) - - - - - - - - - 110 220 165 - - - - - - - - - 130 240 185
Head of Human Resources (small/medium sized companies) - - - - - - 55 70 63 70 120 95 - - - - - - 60 80 70 80 125 103
HR Generalist / Business Partner - - - 25 40 33 40 60 50 60 100 80 - - - 25 45 35 45 70 58 65 105 85
Learning & Development - - - 25 35 30 35 45 40 45 80 63 - - - 30 45 38 35 50 43 50 90 70
Compensation & Benefi ts - - - 22 35 29 40 60 50 55 100 78 - - - 22 40 31 45 70 58 60 110 85
Employee Relations - - - 20 40 30 45 80 63 80 110 95 - - - 22 45 34 50 90 70 90 120 105
Talent Acquisition - - - 20 30 25 35 55 45 50 120 85 - - - 22 35 29 40 60 50 60 130 95
Talent Management / OD - - - 30 45 38 45 55 50 60 90 75 - - - 30 55 43 50 70 60 65 95 80
HR Operations / Payroll / HR IS - - - 18 25 22 30 40 35 45 70 58 - - - 20 30 25 35 55 45 55 75 65
Banking & Financial ServicesSmall capital companies / non-listed organisations
DELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Head of Human Resources (large companies) - - - - - - - - - 60 85 73 - - - - - - - - - 70 90 80
Head of Human Resources (small/medium sized companies) - - - - - - 30 50 40 50 75 63 - - - - - - 40 60 50 60 80 70
HR Generalist / Business Partner - - - 20 25 23 25 40 33 50 75 63 - - - 25 35 30 30 45 38 55 75 65
Learning & Development - - - 15 25 20 25 40 33 40 60 50 - - - 20 35 28 30 45 38 45 65 55
Compensation & Benefi ts - - - 20 30 25 30 45 38 45 70 58 - - - 25 35 30 35 50 43 50 75 63
Talent Acquisition - - - 15 25 20 25 40 33 40 60 50 - - - 20 30 25 30 45 38 45 65 55
Talent Management / OD - - - 20 35 28 35 45 40 45 60 53 - - - 25 36 31 35 50 43 50 75 63
HR Operations / Payroll / HR IS - - - 12 20 16 20 30 25 30 45 38 - - - 15 25 20 25 35 30 35 50 43
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
Human Resources
www.michaelpage.co.inWorldwide leaders in specialist recruitment
17
Roles in demand Top industries
*These employment trends are based on Michael Page’s data in the last 12 months.
$average salary increasewhen moving jobs
By the numbers*
Employment trends*
average number of candidates employers interview before
making a job offer
average time employers take to secure talent from start of
the search till joining
of interviews typically undergone by candidate with a company
before securing a position
Worldwide leaders in specialist recruitment
SALARYBENCHMARK
2018
IndiaLegal
www.michaelpage.co.in
“In 2018, we expect to see a continuation of high demand for in-house legal roles, litigation specialists in consumer industries and roles in compliance. We expect to see movement at top management level roles.”
BFSI
Pharmaceutical
FMCG
Engineering, Infrastructure and Energy
• Compliance Specialists
• Litigation Specialists
• Legal and Company Secretaries with dual qualifi cation
increase in number of positions in the last 12 months
50% 26-30%
6 professionals 4.5 months 3 rounds
18
Salary Tables
SALARYBENCHMARK
2018 Legal
LawyersDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Lawyers - Private Practice 12 20 16 20 60 40 60 100 80 100 250 175 12 25 19 25 75 50 75 120 98 120 300 210
Lawyers - In-House(All industries excluding Financial Services)
6 12 9 12 40 26 40 60 50 60 225 143 8 15 12 15 60 38 60 80 70 80 150 115
Lawyers - In-House(Financial Services) 8 18 13 18 50 34 50 70 60 70 200 135 8 25 17 25 70 48 70 90 80 90 200 145
Company Secretaries (In-house)DELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Company Secretary 6 10 8 10 20 15 20 40 30 40 70 55 6 12 9 12 24 18 24 50 37 50 90 70
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
www.michaelpage.co.inWorldwide leaders in specialist recruitment
19
Roles in demand Top industries
*These employment trends are based on Michael Page’s data in the last 12 months.
$average salary increasewhen moving jobs
By the numbers*
Employment trends*
average number of candidates employers interview before
making a job offer
average time employers take to secure talent from start of
the search till joining
of interviews typically undergone by candidate with a company
before securing a position
Worldwide leaders in specialist recruitment
SALARYBENCHMARK
2018
IndiaTechnology
www.michaelpage.co.in
“With technology such as machine learning, AI, and predictive analytics remaking the business landscape, industries from logistics to healthcare will be searching for technology professionals with relevant skills,
such as digital transformation, data security and cyber security.”
Software Product
Aggregators
FinTech
E-commerce
• Engineering (Cloud, Full Stack, Machine Learning, AI, UI/UX)
• Data and Cyber Security
• CTO
increase in number of positions in the last 12 months
20-25% 26-30%
6 professionals 4.5 months 3 rounds
20
Salary Tables
SALARYBENCHMARK
2018 Technology
General Management & OperationsDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
CIO / CTO / IT Director - - - 20 40 30 40 60 50 60 90 75 - - - 20 40 30 40 60 50 60 90 75
Infrastructure Manager 15 25 20 20 35 28 35 55 45 50 75 63 15 25 20 20 35 28 35 55 45 50 75 63
Application Manager 15 25 20 20 40 30 40 60 50 60 90 75 15 25 20 20 40 30 40 60 50 60 90 75
Project Manager 15 25 20 20 35 28 35 55 45 50 75 63 15 25 20 20 35 28 35 55 45 50 75 63
Development, Design & ArchitectureDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Architect – Applications, Solutions, Systems, Data 15 25 20 25 40 33 40 60 50 60 90 75 15 25 20 25 40 33 40 60 50 60 90 75
Developer / Engineer 15 25 20 25 50 38 50 80 65 80 120 100 15 25 20 25 50 38 50 80 65 80 120 100
DevOps 15 25 20 25 40 33 40 60 50 60 90 75 15 25 20 25 40 33 40 60 50 60 90 75
Technical SupportDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
1st Level - Help Desk Support 15 20 18 20 35 28 35 50 43 50 75 63 15 20 18 20 35 28 35 50 43 50 75 63
2nd Level - Technical Support 15 20 18 20 45 33 45 65 55 65 80 73 15 20 18 20 45 33 45 65 55 65 80 73
3rd Level - Application Support 15 25 20 25 45 35 45 65 55 65 80 73 15 25 20 25 45 35 45 65 55 65 80 73
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
www.michaelpage.co.inWorldwide leaders in specialist recruitment
21
Roles in demand Top industries
*These employment trends are based on Michael Page’s data in the last 12 months.
$average salary increasewhen moving jobs
By the numbers*
Employment trends*
average number of candidates employers interview before
making a job offer
average time employers take to secure talent from start of
the search till joining
of interviews typically undergone by candidate with a company
before securing a position
Worldwide leaders in specialist recruitment
SALARYBENCHMARK
2018
IndiaDigital & Analytics
www.michaelpage.co.in
“Demand for digital and analytics candidates will continue to increase in 2018 as organisations delve into data science, machine learning, and internet of things (IoT). Demand is expanding into new industries as big
data and analytics become essential to most of the business.”
Consulting
Banking & Financial Services
E-commerce
Media
• Data Scientists
• Big Data / Machine Learning
• Risk Analytics
increase in number of positions in the last 12 months
15% 31-35%
6 professionals 4.5 months 3 rounds
22
Salary Tables
SALARYBENCHMARK
2018 Digital & Analytics
Tier 1 Digital & Analytics
MNC banks, Product Firms, E-commerce and captives across IndiaDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
AVP VP DIRECTOR MD AVP VP DIRECTOR MD
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Marketing Analytics 22 35 29 35 60 48 60 100 80 100 140 120 25 36 31 38 65 52 65 110 88 110 145 128
Risk Analytics 25 36 31 36 62 49 62 110 86 110 150 130 27 38 33 40 70 55 70 120 95 120 160 140
Digital Analytics 25 35 30 35 65 50 65 110 88 110 150 130 27 38 33 40 70 55 70 120 95 120 160 140
Statistical Modelers 25 36 31 36 65 51 65 110 88 110 150 130 27 38 33 40 70 55 70 120 95 120 160 140
Analytics Consulting 25 36 31 36 65 51 65 110 88 110 150 130 27 38 33 40 70 55 70 120 95 120 160 140
Big Data/Machine Learning 28 45 37 45 90 68 90 130 110 130 180 155 30 50 40 50 100 75 100 140 120 140 185 163
Data Scientist 28 45 37 45 90 68 90 130 110 130 180 155 30 50 40 50 100 75 100 140 120 140 185 163
Product Management 26 40 33 40 65 53 65 100 83 100 140 120 30 45 38 45 70 58 70 110 90 110 150 130
Tier 2 Digital & Analytics
Domestic fi nancial institutions and third party consulting companies DELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
AVP VP DIRECTOR MD AVP VP DIRECTOR MD
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Marketing Analytics 20 32 26 32 54 43 54 90 72 90 126 108 23 32 27 34 60 47 60 100 80 100 130 115
Risk Analytics 23 32 27 32 56 44 56 100 78 100 135 118 24 34 29 36 63 50 63 108 86 108 145 127
Digital Analytics 23 32 27 32 60 46 60 100 80 100 135 118 24 34 29 36 63 50 63 108 86 108 145 127
Statistical Modelers 23 32 27 32 60 46 60 100 80 100 135 118 24 34 29 36 63 50 63 108 86 108 145 127
Analytics Consulting 23 32 27 32 60 46 60 100 80 100 135 118 24 34 29 36 63 50 63 108 86 108 145 127
Big Data/Machine Learning 25 42 34 42 80 61 80 120 100 120 162 141 27 45 36 45 90 68 90 126 108 126 170 148
Data Scientist 25 42 34 42 80 61 80 120 100 120 162 141 27 45 36 45 90 68 90 126 108 126 170 148
Product Management 23 36 30 36 60 48 60 90 75 90 126 108 27 41 34 41 63 52 63 100 82 100 135 118
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
www.michaelpage.co.inWorldwide leaders in specialist recruitment
23
Roles in demand Top industries
*These employment trends are based on Michael Page’s data in the last 12 months.
$average salary increasewhen moving jobs
By the numbers*
Employment trends*
average number of candidates employers interview before
making a job offer
average time employers take to secure talent from start of
the search till joining
of interviews typically undergone by candidate with a company
before securing a position
Worldwide leaders in specialist recruitment
SALARYBENCHMARK
2018
IndiaEngineering & Manufacturing
www.michaelpage.co.in
“Companies are looking to expand their manufacturing operations and we see great potential in the engineering and manufacturing job market to have a positive uptick throughout the year.”
Chemical / Paints
Engineering
FMCG
Retail
• Manufacturing Head
• Research & Development
• Health, Safety & Environment
increase in number of positions in the last 12 months
60% 23-45%
6 professionals 4.5 months 3 rounds
24
Salary Tables
SALARYBENCHMARK
2018 Engineering & Manufacturing
R&DDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Application Engineer 6 10 8 10 25 18 - - - - - - 6 10 8 10 25 18 - - - - - -
Product Design Engineer 6 10 8 10 25 18 - - - - - - 6 10 8 10 25 18 - - - - - -
Test Engineer 6 10 8 10 25 18 - - - - - - 6 10 8 10 25 18 - - - - - -
Project Manager - - - 15 40 28 30 75 53 - - - - - - 15 40 28 30 75 53 - - -
R&D Head - - - - - - 35 75 55 60 250 155 - - - - - - 35 75 55 60 250 155
ManufacturingDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Utilities and Controls 6 10 8 10 25 18 25 50 38 30 60 45 6 10 8 10 25 18 25 50 38 30 60 45
Maintenance Manager 8 12 10 12 30 21 30 60 45 35 65 50 8 12 10 12 30 21 30 60 45 35 65 50
Production Manager 10 20 15 18 40 29 40 70 55 - - - 10 20 15 18 40 29 40 70 55 - - -
Process / Operational Excellence 10 20 15 18 45 32 45 75 60 50 100 75 10 20 15 18 45 32 45 75 60 50 100 75
Plant / Site Head - - - - - - 45 75 60 50 150 100 - - - - - - 45 75 60 50 150 100
Head of Manufacturing / Operations / COO - - - - - - - - - 60 250 155 - - - - - - - - - 60 250 155
Quality Control / AssuranceDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Quality Control 6 12 9 12 25 19 25 35 30 - - - 6 12 9 12 25 19 25 35 30 - - -
Quality Assurance 6 12 9 15 30 23 25 40 33 - - - 6 12 9 15 30 23 25 40 33 - - -
Quality Director - - - - - - 35 65 50 40 100 70 - - - - - - 35 65 50 40 100 70
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
www.michaelpage.co.inWorldwide leaders in specialist recruitment
25
Salary Tables
SALARYBENCHMARK
2018
EngineeringDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Civil / Electrical / Mechanical /Instrumentation Engineering 6 20 13 15 40 28 - - - - - - 6 20 13 15 40 28 - - - - - -
Head of Department (Engineering) - - - - - - 35 60 48 45 120 83 - - - - - - 35 60 48 45 120 83
Health / Safety / EnvironmentDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
HSSE 6 12 9 10 35 23 30 60 45 55 150 103 6 12 9 10 35 23 30 60 45 55 150 103
Technical ServicesDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Field Service Engineer / Technician 6 12 9 - - - - - - - - - 6 12 9 - - - - - - - - -
Sales Engineer 6 12 9 15 25 20 - - - - - - 6 12 9 15 25 20 - - - - - -
Service Manager / Supervisor - - - 10 30 20 - - - - - - - - - 10 30 20 - - - - - -
Project Coordination - - - 20 35 28 30 50 40 40 65 53 - - - 20 35 28 30 50 40 40 65 53
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
Engineering & Manufacturing
www.michaelpage.co.inWorldwide leaders in specialist recruitment
26
Salary Tables
SALARYBENCHMARK
2018
Project ManagementDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Contracts Manager 6 10 8 10 25 18 25 40 33 - - - 6 10 8 10 25 18 25 40 33 - - -
Project Engineer 6 12 9 15 30 23 - - - - - - 6 12 9 15 30 23 - - - - - -
Project / Program Director - - - - - - 30 60 45 60 125 93 - - - - - - 30 60 45 60 125 93
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
Engineering & Manufacturing
www.michaelpage.co.inWorldwide leaders in specialist recruitment
27
Roles in demand Top industries
*These employment trends are based on Michael Page’s data in the last 12 months.
$average salary increasewhen moving jobs
By the numbers*
Employment trends*
average number of candidates employers interview before
making a job offer
average time employers take to secure talent from start of
the search till joining
of interviews typically undergone by candidate with a company
before securing a position
Worldwide leaders in specialist recruitment
SALARYBENCHMARK
2018
IndiaProcurement & Supply Chain
www.michaelpage.co.in
“As India is on the cusp of becoming the manufacturing and shared services hub for South East Asia in 2018, demand for skilled industry professionals will increase. 3PL, Procurement and Supply Chain will play
a critical role in business operations.”
3rd Party Logistics Service Providers
Manufacturing Consumer Goods
Shared Service Centre
• Logistics & Planning
• Strategic Procurement
• Warehouse & Inventory
increase in number of positions in the last 12 months
37% 21-25%
6 professionals 4.5 months 3 rounds
Healthcare
28
Salary Tables
SALARYBENCHMARK
2018 Procurement & Supply Chain
FMCG / Retail & Healthcare / Pharma
Top business school graduatesDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Procurement 14 30 22 25 45 35 40 75 58 75 120 98 15 30 23 30 50 40 45 80 63 75 120 98
Logistics (includingTransportation, Warehousing) 14 30 22 25 45 35 40 75 58 75 120 98 15 30 23 30 50 40 45 80 63 75 120 98
Supply Chain 14 30 22 25 45 35 40 75 58 75 120 98 15 30 23 30 50 40 45 80 63 75 120 98
Sourcing 14 30 22 25 45 35 40 75 58 75 120 98 15 30 23 30 50 40 45 80 63 75 120 98
Planning 14 30 22 25 45 35 40 75 58 75 120 98 15 30 23 30 50 40 45 80 63 75 120 98
FMCG / Retail & Healthcare / Pharma
Non business school graduatesDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Quality 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68
Procurement 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68
Logistics (includingTransportation, Warehousing) 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68
Supply Chain 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68
Sourcing 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68
Planning 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
www.michaelpage.co.inWorldwide leaders in specialist recruitment
29
Salary Tables
SALARYBENCHMARK
2018
Captives / Shared ServicesDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Procurement Manager 14 20 17 15 35 25 - - - - - - 16 20 18 15 35 25 - - - - - -
Vendor / Supplier Relationship Manager 14 20 17 15 35 25 - - - - - - 16 20 18 15 35 25 - - - - - -
Strategic Sourcing Leader / Manager 14 20 17 15 35 25 - - - - - - 16 20 18 15 35 25 - - - - - -
Category / Commodity Manager - - - 15 40 28 30 50 40 60+ 100 100 - - - 15 40 28 30 50 40 60 100 80
GM / Head of Procurement - - - - - - 40 60 50 60+ 100 100 - - - - - - 40 60 50 60 100 80
CPO / Director P2P - - - - - - 40 60 50 60+ 100 100 - - - - - - 40 60 50 60 100 80
Industrial & ManufacturingDELHI MUMBAI
SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)
YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+
ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV
Procurement Manager 12 25 19 25 45 35 - - - - - - 14 30 22 30 45 38 - - - - - -
Logistics (IncludingTransportation, Warehousing) 6 15 11 15 30 23 25 45 35 40 90 65 6 15 11 15 30 23 25 45 35 40 90 65
Sourcing 12 25 19 25 45 35 40 75 58 75 120 98 14 30 22 30 45 38 45 75 60 75 120 98
Quality 8 12 10 12 25 19 25 50 38 50 90 70 8 12 10 12 25 19 25 60 43 50 90 70
Head of Procurement - - - - - - 40 60 50 60 120 90 - - - - - - 40 60 50 60 120 90
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey
Procurement & Supply Chain
www.michaelpage.co.inWorldwide leaders in specialist recruitment
30 www.michaelpage.co.inWorldwide leaders in specialist recruitment
31 www.michaelpage.co.inWorldwide leaders in specialist recruitment
INDIA
Mumbai 5th Floor, 2 North Avenue,Maker Maxity, Bandra-Kurla Complex, Bandra (E),Mumbai BKC 400051, India T +91 2242363300 | F +91 2242363301 [email protected]
Delhi 1st Floor, Tower A, Building No. 8, DLF Phase - IIDLF CybercityHaryana Gurgaon 122002, IndiaT +91 1244525500 | F +91 244525555 [email protected]