Employees of fast moving consumer goods (FMCG) industry receive the highest salaries in India at ₹11.3 lakh a year as the average annual cost-to-company (CTC) across all levels and functions, according to a survey by human service providers, Randstad.
The FMCG sector is followed by power and information technology, where employees earn average annual salaries of ₹9.8 lakh and ₹9.3 lakh respectively, according to Randstad 2017 Salary Trends Study findings.
Pharma and healthcare, offering an average annual CTC of ₹8.8 lakh and telecom ₹8.7 lakhs take the fourth and fifth position in the list as India's most lucrative industries.
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Dr. Moorthy K. Uppaluri, MD & CEO, Randstad India, said: “In a country like India where job loyalty is considerably low, salary becomes one of the most critical parameters that workforce takes into consideration while changing jobs. For employers too, it is an imperative to get the internal compensation structure right, which is primarily a function of various facets like capability, experience, location, job profile, industry of operation etc.” As far as the location-specific salary trends are concerned, Bengaluru, the IT capital of India tops the chart as the highest paying city in the country, with an average annual CTC of ₹14.6 lakhs while Mumbai offered ₹14.2 lakh.