Hey Insiders,

I was recently talking to a friend who works in a corporate job and as usual, he was telling me how dissatisfied he is with the salary he gets. That’s when I thought there has to be a study on what should be an ideal salary for a given position. I did some googling and came across this comprehensive study done by PageInsights where they have summarised all the salary ranges for many different job positions with different levels of experience.

Now I know, the salary depends on a lot of things like skill, relevant expertise, experience, and even rapport with the management, among many other things. But it’s always good to have a basic understanding of the common trends, right? Plus, who doesn’t love a sneak peek into the future of work?

So, grab your coffee (or tea if you’re a chai-person), sit back, and let’s uncover the gems from this year’s salary guide by PageInsights.

1. Salary Trends: What’s Hot, What’s Not

• Tech Takes the Lead: The tech industry continues to dominate with robust salary growth, especially in AI, cybersecurity, and data analytics.

• Healthcare Boom: Significant hikes in healthcare salaries reflect the sector's growing importance.

• Remote Work Impact: Flexible working arrangements are here to stay, influencing compensation strategies.

2. Skills in Demand: The Must-Haves

• Digital Dexterity: Skills in cloud computing, AI, and cybersecurity are the golden tickets.

• Soft Skills Shine: Leadership, adaptability, and emotional intelligence are highly sought after.

• Continuous Learning: Upskilling and reskilling are crucial as technology evolves.

3. Regional Insights: Where to Be

• Metro Marvels: Cities like Bangalore, Mumbai, and Delhi continue to offer the highest salaries.

• Emerging Hubs: Hyderabad and Pune are rapidly growing, providing lucrative opportunities.

4. Employee Expectations: What They Want

• Work-Life Balance: Flexibility in working hours and remote work options are top priorities.

• Career Growth: Clear pathways for advancement and professional development are essential.

• Well-being Focus: Health benefits and mental wellness programs are increasingly important.

5. Hiring Trends: The Big Picture

• Talent Wars: Companies are fiercely competing for top talent, leading to innovative hiring strategies.

• Diversity & Inclusion: There's a stronger emphasis on building diverse and inclusive workplaces.

Wrap-Up

The India Salary Guide 2024 is a treasure trove of insights, reflecting a dynamic and evolving job market. Stay ahead by focusing on the hottest skills, understanding regional trends, and meeting employee expectations.

This is based on a report by PageInsights. Download the full report here.

Until next time. As always, stay inspired and keep building!