wealth

16 The Economic Times Wealth, February 2-8, 2015 Learn & Keep

Educational qualifi cation is a major factor infl uencing wages in India.

Foreign companies are the best paymasters Larger companies pay higher salaries

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

ARE YOU BEING

PAIDRIGHT?

`450.3

`100

`148

`190

`250

`285

`320

`348.6`333.6

`261.7`190.5

`173.2

`101

`127

`288.7

`169.4`86.6

`274.6

`259.8 `190.5

SENIOR

SECONDARY

4-5 YEAR PROFESSIONAL

COURSE

3-YEAR BACHELOR’S

DEGREE

POSTGRADUATION

`141.1DOMESTIC

COMPANY

LESS THAN 10

NUMBER OF EMPLOYEES

MEDIAN WAGE PER HOUR

10-50

50-200

200-1,000

1,000-5,000

OVER 5,000

`246.3PARTLY

FOREIGN OWNED

`409.4FOREIGN

COMPANY

MALE FEMALE

EDUCATION IS CRUCIAL

HOW DOES YOUR SECTOR PAY

Women employees continue to draw

less than their male counterparts.

GENDER BIAS CONTINUES

MALEFEMALE

0-2 yrs 3-5 yrs 6-10 yrs Over 11 yrs

THE GENDER WAGE GAP WIDENS WITH TENURE

OWNERSHIP MATTERS SIZE ALSO MATTERS

Median wage per hour

`117.5

`237.8

`333.6`392.9

`341.8IT SERVICES


`89.9`150.1

`279.3`264.3

`230.9

TRANSPORT, LOGISTICS AND COMMUNICATION







`183.3

`77

`78.6

`132.3

`144.3

`128.3

`323.3

`148.8

`159.1

`173.2

`256.6

`233.5

`318.1

`288.7

`259.8

`282.3

`250.2

`202.1

`239.9

`230.9

`297.7

`350.5

`291

`230.9

`215.6

`259.8

`215.6

`186.5

FINANCIAL SERVICES

MANUFACTURING

HEALTHCARE, SOCIAL WORK

CONSTRUCTION AND TECHNICAL SERVICES

LEGAL, MARKET CONSULTANCY AND BUSINESS ACTIVITIES

EDUCATION AND RESEARCH

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

SECONDARY EDUCATION (PLUS TWO ETC.)

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

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

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

wealth

Documents