RGF：薪酬觀察2024：印度（英文版）

RGF

SalaryWatch

India

www.india.rgf-professional.com

2024

SeizingOpportunities

NavigatingIndia’schangingjobmarketingwithagility

2023hasbeenachallengingyearboth

domesticallyinIndiaandonaglobalscale.InIndia,weobservedmodestgrowthinhiring

withinnon-ITsectorsin2023ascomparedtotheITsector.WhilethereweresomemovementwithinIndianITcompanies,overall,thewholeITsectorcontinuedtobesignificantlyimpactedpullingtheoverallemploymentindexdown.

Lookingaheadto2024,weanticipateayear

markedbycautiousyetoptimisticgrowth.

Salariesareexpectedtoincreaseyearonyearandopportunitiesforgrowthcanbewitnessedinthenon-techindustries,especiallythe

RenewableandManufacturingsectors.Thisshiftinhiringtrendunderscoresthechanging

dynamicsofoureconomiclandscape,highlight-ingopportunitiesforgrowthbeyondtraditionalITdomains.

WiththeincreaseinadoptionofrenewableenergyandasIndia’sManufacturingsectorembracesAItechnologiesandIoT-driven

riseofmobilecommerce,therehasalsobeen

anupwardtrendfortalentintheConsumer

industry.Similarly,theongoingdigitalisationofbusinesses,talentwithskillsindataanalyticsandDataSciencehaveincreasedindemand,

drivingsalariesup.

Despitethesepositiveindicators,hiringremain-ingcautious.Withtheupcomingpolitical

elections,businesseshaveadoptedaprudentapproachastheyareuncertainofthepotentialramificationsoneconomicpoliciesandmarketsentiments.Consequently,hiringeffortsare

SachinKulshrestha

primarilyfocusedonleadershipandmanage-mentpositionsratherthanexpandingthe

workforceatlarge.Weanticipatehiringactivi-tiestoincreaseinthe2ndhalfof2024,

ManagingDirector

RGFProfessioinalRecruitmentIndia

post-elections.

Inthisreport,wewilldoadeep-diveintothesetrendsandmoreinIndia’ssalarylandscape,

processes,therehasbeenaheightened

demandforskilledprofessionalsleadingtoanincreaseinsalariesforsuchtalent.Withthe

gradualrecoveryoftheIndianeconomyandthe

examiningdevelopmentsinIndustrialManufac-turing;ConsumerGoods;Healthcare;Corpo-

rateServices;andTechnology.Wehopethe

insightswillhelpsteeryoutowardsbetterhiringandemploymentdecisions,andanoverallmoremeaningfulprofessionallifethisyear.

contents

tableof

01

AbouttheReport03

02

JobMarketTrends&SalaryData04-27

·IndustrialManufacturing 04

ConsumerGoods-09

Healthcare&LifeScience-14

·CorporateServices 19

·Technology&Digital 23

03

AboutRGF28

About

RGF'sSalaryWatch:IndiareportaimstoshedlightonsalarytrendsanddataacrossallindustriesandjoblevelsinIndia.ThisreportisbasedonRGF-ownedtalentpoolcoveringcloseto180,000candidates,withdatacollectionconductedfromJanuary2023toJanuary2024.Thedefinitionofannualbasicsalaryusedthroughoutthisreportdoesnotincludeallowances,stocks,bonuses,oranyotheradditionalbenefits.

Duetothereal-timenatureofsomeofthisdata,RGFencouragesreaderstousetheseinsightsattheirdiscretion.

SalaryWatch

03

INDUSTRIAL

AsIndia'sIndustrialsectorembracesotheremergingthemessuchasAItechnologies,IoT-drivenprocessesandIndustry4.04,

salarieshaveincreasedduetotheheight-eneddemandforR&D,Technology,AI,Cloud,DataandInnovationfunctions.

India'smanufacturingsectorplaysapivotalrole,contributingapproximately17%tothecountry'sGDP1.SinceAugust2023,the

industryhasexperiencedrobustgrowth,

markedbyanuptickinemployment.The

positivetrendisduetothelargeincreaseinforeigndirectinvestments(FDI)intoIndiafrommanufacturingfirms2.

Somekeyindustrieswhicharepoisedto

attractforeigninvestorsincluderenewableenergy,electricvehicles(EVs)andautomo-biles.TheadoptionofEVsinIndiahas

witnessedasteadyrise,withsalesincreasingby157%fromFY2022toFY20233.This

surgeindemandhasledtoaheighteneddemandforskilledprofessionalsinthe

Manufacturing,ProductionandOperationsfunctions.Therehasalsobeenanotable

talentgapintheBatteryEnergyStorage,

GreenHydrogen(R&D)andElectricVehicle(R&D)roles.

Intandemwiththisgrowth,sustainabilityandEnvironmental,SocialandGovernance

(ESG)considerationshavebecomepara-

mountfororganizationsandmanufacturingenterprises.Asaresult,Greentechskillsareexpectedtosignificantlyinfluencehiring

decisionsforkeyrolesin2024.

1.

https://economictimes./news/economy/policy/indias-experience-in-terms-of-manufacturing-gdp

-growth-different-from-rest-of-world-niti-aayog-member-arvind-virmani/articleshow/104166950.cms

2.

/marketintelligence/en/mi/research-analysis/indias-manufacturing-output-surges-while

-inflation-pressures-ease-oct23.html

3.

http://timesofindia./articleshow/105164195

.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cpps

4.

https://www./industry/news/manufacturing-sector-expected-to-reach-1-trn-by-2025-26-led-by

-gujarat-123121300914_1.html

04

BYSECTOR

KEYSALARYFIGURES

Averagesalaryincreasereceivedbyemployees

12%

Averagesalaryincreaseemployersareexpectedtooffer

11%

BYSECTOR

HOTJOBS

SeniorManagement

Mostin-demandskills:

DecisionMaking,Leadership,Strategic.

R&D

Mostin-demandskills:

AnalyticalSkills,LegalExpertise,ProblemSolv-ingSkills.

ApplicationEngineering

Mostin-demandskills:

TechnicalKnowledge,ProjectManagement,De-velopmentSkills.

Manufacturing,Production&Operation

Mostin-demandskills:

TechnicalSkills,FinancialAcumen,ProblemSolving.

Percentageincreasefrom

2023to2024

+10%

Percentageincreasefrom

2023to2024

+10%

Percentageincreasefrom

2023to2024

+10%

Percentageincreasefrom

2023to2024

+10%

05

06

BYSECTOR

HOTJOBS

QualityManagement

Mostin-demandskills:

StatisticalKnowledge,TechnicalSkills,ProblemSolving.

ProjectManagement

Mostin-demandskills:

BudgetCreation,RiskManagement,AnalyticalSkills.

Sales&Marketing

Mostin-demandskills:

BusinessAcumen,NegotiationSkills,CommunicationSkills.

Percentageincreasefrom

2023to2024

+9%

Percentageincreasefrom

2023to2024

+10%

Percentageincreasefrom

2023to2024

+10%

07

RGF2024SALARYWATCHDATA:INDIA

INR(Unit:1,000)

INDUSTRIAL

SeniorManagement

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

CEO/President

20+

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

21,100

14,100

11,200

42,800

28,300

21,100

GM

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

11,200

9,900

9,900

28,600

21,300

21,300

VP

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

8,500

8,400

6,300

25,400

21,200

14,200

R&D

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

6,300

6,200

4,900

19,800

17,000

12,100

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

2,100

1,600

1,700

5,000

2,800

4,300

Supervisor

5-10

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

2,000

1,700

1,300

2,800

2,600

2,200

Engineer

3-5

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

800

700

700

1,600

1,500

1,500

*SalaryDefinition:AnnualBasicSalary(notincludingallowance,stock,bonusetc.)

ApplicationEngineering

Position

Working

Experience(yrs.)

CompanyTypeMIN

MAX

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

8,500

7,000

6,300

11,300

9,900

8,500

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

2,100

1,700

1,400

3,600

2,800

2,300

Engineer

GlobalMNC1,000

3-5LargeLocal/GlobalMNCHQ1,000

SME700

1,400

1,400

1,100

Manufacturing,Production&Operation

Position

Working

Experience(yrs.)

CompanyTypeMIN

MAX

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

8,500

8,500

6,400

14,200

14,200

8,500

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

4,300

2,800

1,700

5,700

3,600

2,500

Supervisor

8-10

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

2,400

1,700

1,100

3,600

2,500

1,700

Engineer

GlobalMNC1,100

3-5LargeLocal/GlobalMNCHQ700

SME400

1,700

1,400

800

08

RGF2024SALARYWATCHDATA:INDIA

INR(Unit:1,000)

INDUSTRIAL

Sales&Marketing

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

SalesDirector

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

5,200

4,800

5,300

11,300

9,900

9,200

SalesManager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

3,500

3,100

2,500

5,700

5,200

4,500

Business

Development

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

4,200

3,800

3,100

6,300

5,900

5,000

AccountManagerr

5-10

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

2,400

2,100

1,700

3,100

2,800

2,700

MarketingDirector

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

8,400

7,000

5,700

12,700

11,300

9,200

MarketingManager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

3,600

3,100

2,500

6,500

5,700

4,500

*SalaryDefinition:AnnualBasicSalary(notincludingallowance,stock,bonusetc.)

QualityManagement

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

9,900

8,500

6,300

14,100

12,700

9,200

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

4,200

2,400

1,700

5,700

3,500

2,600

Supervisor

5-10

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

2,400

1,700

1,100

3,500

2,400

1,700

Engineer

3-5

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

1,100

700

400

1,700

1,400

800

ProjectManagement

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

3,600

2,800

2,500

7,100

5,700

4,900

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

2,100

1,700

1,400

3,600

2,600

2,100

GlobalMNC

900

1,200

Engineer

3-5

LargeLocal/GlobalMNCHQ

700

1,100

CONSUMERGOODS

ConsumerGoodsindustryespeciallyinthee-commercesector,ishighindemand.Inaddition,rolesinDigitalMarketingandDigi-talTransformationaswellasDataAnalyticsandDataSciencehaveincreasedindemand.

TheConsumerGoodsindustryisexpectedtobeoptimisticasconsumers’confidence

surpassespre-Covidlevels,propellingittobecometheworld’s3rdlargestby2027

amidstariseinmiddletohigh-income

householdrise1.Projectedgrowthin

householdspending,fueledbytherecoveryoftheIndianeconomyandsupportedby

internationaltourism,addstotheindustry’spositivetrajectory2.TheCOVID-19pandem-icexpeditedtheshifttoonlineshopping,

withe-commerceexpectedtocontribute

10.7%by2024,dominatedbymobile

commerce,accountingforover70%of

sales3.ThissurgehasledtoanupwardtrendinsalariestheConsumerindustry.

Asthelandscapebecomesmorecompeti-tive,businessesarestrategicallyemployingArtificialIntelligence(AI)toenhancethe

onlineshoppingexperiencethrough

personalizedproductrecommendations4.India’ssubstantialyouthpopulationplaysapivotalroleindrivingconsumerspending,particularlyonelectronics5.Thesurgein

demandforaffordablesmartphonesis

attributedtoincreasinginternetpenetrationanddigitalliteracy.Themarketisforecastedtoachieveanannualgrowthrateof5.78%,from2023-2028,reflectingthepositive

outlook.Withsuchpromisingprospects,

1.

https://www./2023/09/07/india-consumer-market-to-be-the-worlds-third-largest-by-2027-report-.html

2.

/business/strong-household-spending-to-spur-indias-rise-to-3rd-largest-consumer-mark

et#google_vignette

3.

https://timesofindia./blogs/voices/major-trends-of-the-e-commerce-industry-in-2023-2024/

4.

https://timesofindia./blogs/voices/major-trends-of-the-e-commerce-industry-in-2023-2024/

5.

https://www./2023/09/07/india-consumer-market-to-be-the-worlds-third-largest-by-2027-report-.html

09

BYSECTOR

KEYSALARYFIGURES

Averagesalaryincreasereceivedbyemployees

9%

2023

Averagesalaryincreaseemployersareexpectedtooffer

10%

10%

2022

2023

BYSECTOR

HOTJOBS

SeniorManagement

Mostin-demandskills:

P&LManagement,Stakeholderengagementandc-suitecommunication,Strongcommercialawarenessanddecision-makingability.

Sales&BusinessDevelopment

Mostin-demandskills:

Commercialawareness,Clientmanagement,Stakeholdermanagement,Businessscale.

BusinessStrategy&Commercial

Mostin-demandskills:

Businessawareness,Market&competitortrends,processexcellence.

E-commerce

Mostin-demandskills:

Experienceindigitalproducts,scalingandpro-cessimprovement.

Percentageincreasefrom

2023to2024

+9%

Percentageincreasefrom

2023to2024

+17%

Percentageincreasefrom

2023to2024

+16%

Percentageincreasefrom

2023to2024

+17%

10

11

BYSECTOR

HOTJOBS

CRM&AccountManagement

Mostin-demandskills:

Leadmanagement,accountmanagementandfarming.

Digitalization

Mostin-demandskills:

Toolsknowledge,productjourney,implementation,andbusinessvalue.

Marketing&Branding

Mostin-demandskills:

Categoryexperience,StrategyandP&Lmanagement,campaignmanagement.

Percentageincreasefrom

2023to2024

+16%

Percentageincreasefrom

2023to2024

+17%

Percentageincreasefrom

2023to2024

+16%

12

RGF2024SALARYWATCHDATA:INDIA

INR(Unit:1,000)

CONSUMERGOODS

BusinessStrategy&Commercial

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

17,900

12,100

9,100

24,800

19,100

12,100

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

4,200

3,900

1,800

8,300

7,200

4,500

Supervisor

5-10

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

2,400

1,800

1,200

4,100

4,000

2,500

E-commerce

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

15-20

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

28,700

11,600

9,800

42,700

29,000

22,100

8-10

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

6,400

5,900

3,500

9,500

8,800

7,100

5-8

5-10

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

4,000

2,900

2,100

5,700

4,900

3,000

*SalaryDefinition:AnnualBasicSalary(notincludingallowance,stock,bonusetc.)

SeniorManagement

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

CEO/President

20+

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

30,000

17,500

9,000

62,000

41,000

15,500

CXO

20+

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

18,900

8,190

5,500

28,600

11,550

8,970

BUHead

20+

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

16,830

11,330

6,710

35,650

24,150

9,545

VP/GM

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

8,600

7,900

5,000

15,600

10,900

9,000

Sales&BusinessDevelopment

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

Director/Head

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

20,800

18,200

11,500

31,500

23,400

19,900

Manager

/

SeniorManager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

5,700

4,800

3,600

9,200

8,100

5,900

Supervisor

5-10

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

3,000

2,600

1,700

4,700

4,100

3,000

13

RGF2024SALARYWATCHDATA:INDIA

INR(Unit:1,000)

CONSUMERGOODS

CRM&Accountmanagement

MAX

MIN

CompanyType

Position

Working

Experience(yrs.)

3,400

2,700

1,600

2,400

1,600

900

5,300

4,000

2,700

3,900

2,600

1,700

GlobalMNC

Manager

10-15

LargeLocal/GlobalMNCHQ

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

Supervisor

5-8

SME

Digitalization

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

30,400

18,300

11,800

49,300

37,300

24,800

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

5,100

3,800

2,500

8,600

5,800

3,600

Supervisor

5-10

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

2,500

1,900

1,100

4,300

3,600

1,700

*SalaryDefinition:AnnualBasicSalary(notincludingallowance,stock,bonusetc.)

Marketing&Branding

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

19,400

12,300

9,300

29,000

20,500

13,600

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

7,300

5,400

3,000

10,600

7,300

4,000

Supervisor

5-10

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

3,600

2,400

1,200

6,600

3,800

1,900

HEALTHCARE&

LIFESCIENCE

healthcare,includingtheutilizationof

wearablestoempowerpatientstoactively

managetheirhealth2.Thistransformative

approachispoisedtorevolutionizepatientcareandhealthcarebusinessmodels,fromreactivetopreventivehealthcare3.The

synergyofthesetechnologicaladvance-

mentsandthestrategicinitiativeswithintheHealthcare&LifeSciencespositionsIndiaattheforefrontofglobalhealthcareinnovation.

TheIndianPharmaceuticalindustrystandsasagloballeaderintheproductionof

cost-effectivegenericmedicinesand

vaccines.Currentlyranked3rdgloballyin

termsofvolumeand13thinvalue,its

trajectorytowardssignificantexpansionisfueledbytransformativeinitiatives,includingtheNationalDigitalHealthMissionand

NationalHealthPolicy.Thelandscapeis

furthershapedbyInnovativeadvancementsinAI,IoT,bigdataanalyticshavealso

revolutionizeddrugdevelopment,patientcareandoperationalefficiency1.

MajorpharmaceuticalorganizationsinIndiahavealsodemonstratedtheircommitmenttoresearchanddevelopment,strategically

leveragingoninnovativetechnology.Inthisdynamicenvironment,thedemandfor

Production&Operationstalentarehighastheyplayapivotalroleinstreamlining

processesandenhancingefficiencyin

healthcareoperations.Similarly,theneedforQualityControlandRegulatorytalentis

imperativetoensurestrictadherence.

However,thereseemstoabeanotable

talentgapinrolessuchasR&D,B2BSalesforPharmaContractManufacturingcompa-niesandregulatoryroles.ThishasresultedinincreasedsalariesforR&D,RegulatoryAffairsandTechnology&AI.

TheintegrationofIoTandtelemedicinehassignificantlycontributedtoaccessible

1.

https://health.economictimes./news/pharma/technological-revolution-in-indian-healthcare-and-pharma

-a-glimpse-into-2024-and-beyond/104809965

2.

https://www.investindia.gov.in/team-india-blogs/healthcare-life-sciences-investment-wic-wellness

3.

https://news.a/lifestyle/healthcare-predictions-and-trends-for-2024-1650233

14

BYSECTOR

KEYSALARYFIGURES

Averagesalaryincreasereceivedbyemployees

13%

2023

Averagesalaryincreaseemployersareexpectedtooffer

12%

6%

2022

2023

BYSECTOR

HOTJOBS

SeniorManagement/Generalmanagement

Mostin-demandskills:

AnalyticalDevelopmentR&D,Salesplanning&forecasting,ProductionPlanning.

R&D

Mostin-demandskills:

AnalyticalDevelopmentR&D,Newproductdevelopment,TechnologyTransfer.

Production&OperationsDirector

Mostin-demandskills:

AnalyticalDevelopmentR&D,Salesplanning&forecasting,ProductionPlanning.

QualityDirector

Mostin-demandskills:

QualityControlandQualityAssurance.

Percentageincreasefrom

2023to2024

+6%

Percentageincreasefrom

2023to2024

+14%

Percentageincreasefrom

2023to2024

+13%

Percentageincreasefrom

2023to2024

+11%

15

16

BYSECTOR

HOTJOBS

RegulatoryAffairs

Mostin-demandskills:

Productregistration,FilingofamendmentsandupdatestoRegulatoryAgencies,CTD/eCTDfilingDMFandAmendmentsforUSFDA,TGA.

Sales&Marketing

Mostin-demandskills:

Salesplanning&forecasting,ManagingProductLifeCycle,DigitalMarketing.

Percentageincreasefrom

2023to2024

+11%

Percentageincreasefrom

2023to2024

+13%

17

RGF2024SALARYWATCHDATA:INDIA

INR(Unit:1,000)

HEALTHCARE&LIFESCIENCE

Production&Operations

Working

MAX

MIN

CompanyType

Position

Experience(yrs.)

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

17,000

16,600

14,600

14,400

14,100

9,400

Director15-20

Quality

Working

MAX

MIN

CompanyType

Position

Experience(yrs.)

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

14,900

10,500

7,700

19,000

13,300

13,900

Director15-20

RegulatoryAffairs

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

14,900

10,500

10,400

16,700

14,900

13,800

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

5,600

5,600

4,800

6,200

6,300

5,500

Non-

management

5-10

GlobalMNC

LargeLocal/GlobalMNCHQ

2,500

2,500

2,700

2,700

*SalaryDefinition:AnnualBasicSalary(notincludingallowance,stock,bonusetc.)

SeniorManagement/GeneralManagement

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

CEO/President

20+

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

19,100

15,300

9,900

30,700

26,300

13,600

CXO

20+

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

13,700

13,400

9,200

22,000

17,600

14,100

BUHead

20+

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

12,400

11,000

7,700

16,800

14,000

12,700

GM

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

9,900

10,400

7,800

15,000

14,100

10,400

VP

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

12,800

10,800

8,100

17,000

14,200

12,400

R&D

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

16,700

12,900

11,200

21,200

19,500

15,800

Manager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

7,800

5,800

5,700

9,400

7,700

8,800

Researcher

5-10

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

4,000

3,600

2,900

5,300

4,700

4,600

18

RGF2024SALARYWATCHDATA:INDIA

INR(Unit:1,000)

HEALTHCARE&LIFESCIENCE

*SalaryDefinition:AnnualBasicSalary(notincludingallowance,stock,bonusetc.)

Sales&Marketing

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

SalesDirector

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

14,400

10,500

10,500

17,300

14,700

13,600

MarketingDirector

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

5,800

5,100

4,100

8,600

7,200

7,000

MarketingManager

10-15

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

4,300

4,000

3,400

6,200

5,800

4,400

CORPORATESERVICES

TheAccountingandFinancefunctionisalsoundergoingevolution,particularlyinnew

andgrowingareasofauditing,suchas

CarbonandEnvironmental,Socialand

GovernanceandCarbonaccounting.Theadoptionoftechnologyforenhanced

productivityhasbecomeafocalpoint3.

Consequently,thereisagrowingdemandforFinance&Accountingprofessionals

equippedwithrelevantskillsets,particularlyinanalyticsandsustainabilityreporting.

TheoutlookforCorporateServices

appearspromising,withananticipated

compoundannualgrowthrate(CAGR

2023-2028)of9.70%.ThisgrowthtrajectoryispoisedtoculminateinamarketvolumeofUS$1.43billionby2028.Theoptimism

stemsfromthecountry'srobusttechtalentpoolandcost-effectiveness1.

Inthelastdecade,theIndianlogisticsandsupplychainsectorhasundergonesignifi-canttransformations.Advancementsin

warehousemanagementsystems(WMS)andtheuseofRoboticProcessAutomation

(RPA),AIandIoTforinventorymanagementhaveplayedpivotalroles.Technological

advancementsine-commerce,globalizationandanincreasingfocusonsustainability

havealsodriventheSupplyChainfunctionstoswiftlyinnovate,positioningthesectorashigh-impact.ProjectionsestimatetheIndianlogisticsmarkettogrowtoabout$380

billionby20252.

Likewise,theHumanResourcesfunctionhasexperienceddisruptionthroughHRtech,

enhancingtheprecisionandefficiencyofhiring,onboardingandemployeeexperi-ence.ThisshifthassparkedaheighteneddemandforHRprofessionalsproficientinleveragingAIeffectivelyandHRBPsto

supporttheSalesorManufacturingfunc-tions.

1.

/outlook/tmo/cybersecurity/security-services/professional-services/india

2.

https://timesofindia./blogs/voices/changing-landscape-of-supply-chain-and-logistics-in-last-two

-decades/

3.

https://economictimes./industry/services/education/sitharaman-asks-cas-to-work-on-esg-carbon-accou

-nting-expertise/articleshow/102812287.cms

19

BYSECTOR

KEYSALARYFIGURES

Averagesalaryincreasereceivedbyemployees

11%

2023

Averagesalaryincreaseemployersareexpectedtooffer

13%

3%

2022

2023

BYSECTOR

HOTJOBS

HumanResources

Mostin-demandskills:

HRStrategy,BusinessPartnering,Learning&Development,PerformanceManagement.

Finance&Accounting

Mostin-demandskills:

P&L,Financeplanning&Forecasting,FinancialAccounting,PreparingFinancialstatement.

Legal&Compliance

Mostin-demandskills:

Dataprivacy,Litigation;Compliance&legal.

SupplyChain

Mostin-demandskills:

Logistics,Inventorymanagement,Purchasemanagement.

Percentageincreasefrom

2023to2024

+10%

Percentageincreasefrom

2023to2024

+12%

Percentageincreasefrom

2023to2024

+11%

Percentageincreasefrom

2023to2024

+12%

20

21

BYSECTOR

HOTJOBS

GeneralAffairs,Admin&Secretary

Mostin-demandskills:

Logistics,Inventorymanagement,Purchasemanagement.

Percentageincreasefrom

2023to2024

+12%

22

RGF2024SALARYWATCHDATA:INDIA

INR(Unit:1,000)

CORPORATESERVICES

HR

MAX

MIN

CompanyType

Position

Working

Experience(yrs.)

23,200

18,200

10,800

13,400

11,800

9,800

9,000

5,300

8,300

6,900

4,900

8,400

5,900

4,700

7,000

3,300

GlobalMNC

20+

CHRO

LargeLocal/GlobalMNCHQ

SME

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

15-20

Director

ManagerSupervisor

10-15

5-10

GlobalMNC

GlobalMNC

Finance&Accounting

Position

Working

Experience(yrs.)

CompanyType

MIN

MAX

CFO

20+

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

10,300

11,000

7,300

23,600

23,700

17,900

Director

15-20

GlobalMNC

LargeLocal/GlobalMNCHQ

SME

9,500

8,500

4,900

17,800

18,200

12,200

Manager

10-15

GlobalMNC

6,000

8,800

GeneralAffairs,Admin&Secretary

MAX

MIN

CompanyType

Position

Working

Experience(yrs.)

7,600

7,100

5,200

18,000

12,000

11,500

GlobalMNC

Director15-20

LargeLocal/GlobalMNCHQ

SME

*SalaryDefinition:AnnualBasicSalary(notincludingallowance,stock,bonusetc.)

Legal&Compliance

Position

Working

Experience(yrs.