TeamLease Services, India’s largest staffing company released its annual report on ‘Jobs & Salaries Primer Report (FY-2017-18)’ which looks at providing an overview of the unified salaries across temporary and permanent hiring markets. The report relates these salaries to skills across select cities and industries for the period April 2017 to March 2018. It further estimates a double digit salary growth with an increase of minimum 10% and maximum of 15%, for FY 2017-18.
According to the report, nine out of seventeen sectors surveyed have indicated double digit growth sentiments with overall positive sentiment. Majority cities, 7 out of 9, have also shown positive outlook towards salary growth. Ecommerce sector in Bangalore (maximum 15.37%) and Educational Services sector in Mumbai (maximum 14.55%) exhibited the maximum salary growth across sectors.
The E-commerce and Tech Start up, educational, FMCG, FMCD, Healthcare and Pharma, IT, media and entertainment, retail and retail communication sector are the the biggest gainer with 10% increase in the growth sentiments across the employers surveyed. Some of the other sectors with less than 10% salary growth were Agriculture and Agrochemicals, Automobiles and allied services, BPO Services, Construction and Real Estate, Hospitality, Industrial Manufacturing and allied and Power and energy sectors. Kolkata and Ahmedabad were the only two cities that exhibited sub-10% growth in more than 10 sectors.