BENGALURU: Bengaluru is the highest paying city in India, thanks to the presence of a thriving IT sector that has outperformed other industries in terms of giving out huge salaries, said a survey conducted by global HR services firm Randstand.
Bengaluru led the pack of cities that paid the highest (annual average CTC) across the junior (Rs 5.27 lakh), mid (Rs 16.45 lakh) and senior level positions (Rs 35.45 lakh). It had topped the list in 2017 and 2018 as well. Hyderabad, Mumbai, NCR and Pune followed Bengaluru in terms of paying handsome salaries across junior, mid and senior level positions, the study said.
IT jobs are the hottest ones in the country paying the highest across junior (Rs 4.98 lakh) and senior level positions (Rs 35.84 lakh), whereas professional services sector hand over the biggest pay cheques at midlevel positions (Rs 15.30 lakh).
The renewed demand for professionals with Digital skills including Cloud, Product Management, Analytics, AI & Automation have contributed to the IT sector’s strong performance this year. Among the professional services, the second highest paying sector, GST compliance specialists, accountants, management consultants and lawyers seem to be the most-in-demand jobs.
Strategy and consulting functions paid the highest in junior (Rs 6.90 lakh) and mid-levelpositions (Rs 15.32 lakh), whereas digital marketers had the fattest pay cheques in the senior-level positions (Rs 35.65 lakh).
"Against the current economic scenario, this report comes as an eye opener for both companies and professionals on building their talent pools. A period of stasis is the best time to push, pause, reset priorities and build towards future-proofing of the organisation. Talent with the ‘right fit’ skills commands a significant premium over their peers and companies are not constrained by bell curves and averages when it comes to the salary structure for professionals with in-demand skills," said Paul Dupuis, MD & CEO, Randstad India.