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    The Monster Salary Index Report analyzed average wages in eight major sectors in India and factors impacting salaries. It found that educational qualifications have a major influence on wages, with median wages increasing from Rs. 86.6 for senior secondary education to Rs. 350.5 for a 4-5 year professional degree. The IT services, financial services, and manufacturing sectors paid the highest median wages per hour of over Rs. 300, while healthcare paid the lowest. Foreign companies paid the highest median wages, and larger companies with over 5,000 employees paid the highest wages, with a median of Rs. 320 per hour. Gender bias persists, with women earning less than men at all experience levels.

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    Wealth

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    The Monster Salary Index Report analyzed average wages in eight major sectors in India and factors impacting salaries. It found that educational qualifications have a major influence on wages, with median wages increasing from Rs. 86.6 for senior secondary education to Rs. 350.5 for a 4-5 year professional degree. The IT services, financial services, and manufacturing sectors paid the highest median wages per hour of over Rs. 300, while healthcare paid the lowest. Foreign companies paid the highest median wages, and larger companies with over 5,000 employees paid the highest wages, with a median of Rs. 320 per hour. Gender bias persists, with women earning less than men at all experience levels.

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    © All Rights Reserved
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    12 views1 page

    Wealth

    Uploaded by

    ksathis
    The Monster Salary Index Report analyzed average wages in eight major sectors in India and factors impacting salaries. It found that educational qualifications have a major influence on wages, with median wages increasing from Rs. 86.6 for senior secondary education to Rs. 350.5 for a 4-5 year professional degree. The IT services, financial services, and manufacturing sectors paid the highest median wages per hour of over Rs. 300, while healthcare paid the lowest. Foreign companies paid the highest median wages, and larger companies with over 5,000 employees paid the highest wages, with a median of Rs. 320 per hour. Gender bias persists, with women earning less than men at all experience levels.

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    of 1

    16

    Learn & Keep

    The Economic Times Wealth, February 2-8, 2015

    ARE YOU BEING

    PAID
    RIGHT?
    The Monster Salary Index
    Report looks at average
    wages in eight major
    sectors and the factors
    that impact salaries in
    India. Here are excerpts
    from the report released
    last month.

    EDUCATION
    IS CRUCIAL
    Educational
    qualification is
    a major factor
    influencing
    wages in India.

    `86.6
    SENIOR
    SECONDARY

    HOW DOES YOUR SECTOR PAY


    IT SERVICES

    CONSTRUCTION AND TECHNICAL


    SERVICES

    FINANCIAL SERVICES
    `
    `

    392.9

    341.8

    333.6

    323.3 `318.1

    Median wage
    per hour

    237.8

    183.3

    `274.6

    `288.7
    POSTGRADUATION

    `259.8

    279.3

    264.3

    173.2

    150.1

    288.7

    230.9

    230.9
    Median wage

    239.9 `

    Median wage
    per hour

    148.8

    89.9

    256.6 `250.2

    77

    EDUCATION AND
    RESEARCH

    259.8

    THREE YEARS DEGREE (B.COM, BBA, B.SC, B.A. ETC.)

    230.9

    233.5

    215.6

    350.5

    202.1

    Median wage
    per hour

    159.1

    FOUR/FIVE YEARS DEGREE (B.E., MBBS,B.ARCH, B.PHARM, LLB, ETC.)

    186.5

    Median wage
    per hour

    128.3

    78.6

    MASTERS (ARTS, SCIENCE, ENGINEERING, COMMERCE, MBA/ EQUIVALENT)

    215.6

    Median wage
    per hour

    HEALTHCARE,
    SOCIAL WORK

    All salary gures are median wages per hour. The sample used for the analysis consists of 35,929 respondents, approximately 85.7% of which are men and 14.3% women.

    THE GENDER WAGE GAP


    WIDENS WITH TENURE

    FEMALE

    450.3

    OWNERSHIP MATTERS

    SIZE ALSO MATTERS

    Foreign companies are the best paymasters


    `

    333.6

    Larger companies pay higher salaries


    NUMBER OF
    EMPLOYEES

    348.6

    LESS THAN 10
    10-50

    GENDER BIAS
    CONTINUES
    Women employees
    continue to draw
    less than their male
    counterparts.

    144.3

    per hour

    SECONDARY EDUCATION (PLUS TWO ETC.)

    `190.5

    MALE

    259.8

    LEGAL, MARKET CONSULTANCY AND


    BUSINESS ACTIVITIES

    MANUFACTURING

    4-5 YEAR PROFESSIONAL


    COURSE

    Median wage
    per hour

    117.5

    297.7

    132.3

    3-YEAR BACHELORS
    DEGREE

    282.3

    TRANSPORT, LOGISTICS AND


    COMMUNICATION

    `169.4

    291

    Median wage
    per hour

    `
    `

    261.7

    190.5

    50-200

    127

    173.2

    `141.1

    MALE
    FEMALE

    101

    DOMESTIC
    COMPANY

    0-2 yrs

    3-5 yrs

    6-10 yrs

    Over 11 yrs

    `246.3
    PARTLY
    FOREIGN OWNED

    `409.4
    FOREIGN
    COMPANY

    200-1,000
    1,000-5,000
    OVER 5,000

    MEDIAN WAGE
    PER HOUR

    100

    148

    190

    250

    285

    320

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