India Salary Benchmark 2018

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1 India Salary Benchmark

2 2

3 Contents Market Insights 4 Sales & Marketing Insights 5 6 Finance & Accounting Insights Human Resources Insights Legal Insights Technology Insights Digital Insights Engineering & Manufacturing Insights Procurement & Supply Chain Insights

4 India Market Insights Robust growth to boost recruitment activity Top industries Overall outlook India s economic landscape is a dynamic one, assisted by regulatory adjustments and drives including the Goods and Services Tax (GST) and the Make in India project from the Government of India. Encouraged by a positive economic setting, India s employment scenario is anticipated to expand, supporting the country s robust economic growth. The World Bank forecasts that India s GDP growth will be 7% for a positive sign for Michael Page business. The government has set about upgrading numerous industries, including manufacturing, infrastructure, logistics and warehousing, technology and renewable energy. Michael Page anticipates large-tosteady hiring activities within these spaces in the year ahead. ecommerce FinTech By the numbers * Logistics Big Data Overall, 2017 saw an upward trend in talent acquisition, across many sectors. Michael Page anticipates this to further increase in. Proactive initiatives by the Government of India will boost various industry sectors resulting in economic growth of the country. Nicolas Dumoulin, Managing Director, Michael Page India Five key trends The Indian government s projects has drawn the attention of foreign investors and Michael Page has seen many international companies willing to set up manufacturing operations in India. We estimate a noticeable upsurge in recruitment activities as an outcome of new companies building their teams in India. The Make in India initiative has sparked a significant focus on public infrastructure projects. Specifically the development of roadways, railways, waterways and ports in the country. This is likely to result in more employment opportunities across all levels when operations commence. The renewable energy sector, specifically the solar energy segment has seen an enhancement of activities. This space has further witnessed increased attention of not only the domestic investors but has also attracted the interest of investors from across the globe. The ongoing discourse on technology will bring about more opportunities for our clients, while leveraging technology in the recruitment processes will see a rise in. From a talent perspective, using AI-based applications will expedite the recruitment processes, and also allow recruiters to focus on more complex tasks. 6 professionals average number of candidates employers interview before making a job offer 4.5 months average time employers take to secure talent from start of the search till joining 3 rounds of interviews typically undergone by candidate with a company before securing a position *These employment trends are based on Michael Page data in the last 12 months. 4

5 India Sales & Marketing High demand for Sales and Marketing roles will continue into. Sales professionals with good leadership skills will be in demand across industries, while in marketing, professionals with experience in consumer, digital, and sales-enablement will be highly sought after. Roles in demand Top industries Heads of Sales Regional / Area Sales Managers Digital Marketing Heads ecommerce and Internet Professional Services Energy Chemical By the numbers * 9% 21-25% increase in number of positions in the last 12 months average salary increase when moving jobs $ Employment trends * 6 professionals 4.5 months 3 rounds average number of candidates employers interview before making a job offer average time employers take to secure talent from start of the search till joining of interviews typically undergone by candidate with a company before securing a position *These employment trends are based on Michael Page s data in the last 12 months. 5

6 Sales & Marketing Consumer Goods Candidates from premium business schools Sales / Channel Management Brand Management / Product Management Trade Marketing Category Management Communications & CSR Candidates from non top-tier business schools Sales / Channel Management Brand Management / Product Management Trade Marketing Category Management Communications & CSR these fi gures. Refer to our online version at 6

7 Sales & Marketing Pharmaceuticals Top global pharmaceuticals Sales Marketing Regulatory Affairs / QA / RA Communications & CSR Medical Affairs Locally present pharmaceuticals Sales Marketing Regulatory Affairs / QA / RA Communications & CSR Medical Affairs these fi gures. Refer to our online version at 7

8 Sales & Marketing Medical Devices Top global medical devices companies Sales Marketing Regulatory Affairs / QA / RA Clinical / Application / Product Specialist / Service Locally present medical devices companies Sales Marketing Regulatory Affairs / QA / RA Clinical / Application / Product Specialist / Service these fi gures. Refer to our online version at 8

9 Sales & Marketing Building Materials Top global building materials companies Sales Pre-Sales / Specifications / B2B Marketing Project Management Locally present building materials companies Sales Pre-Sales / Specifications / B2B Marketing Project Management these fi gures. Refer to our online version at 9

10 Sales & Marketing Life Sciences Sales Marketing Application Specialist Industrial Equipment Sales Marketing Project Management Chemicals Sales Marketing Application / Technical these fi gures. Refer to our online version at 10

11 India Finance & Accounting The hiring sentiment across finance functions has strengthened with the continuing emphasis on Ease of Doing Business in India. With investments in pouring in from private equity firms in infrastructure, energy, and e-commerce spaces, we expect to see increased demand for finance candidates in these sectors, with strong focus on fundraising and investor relations experience. Roles in demand Top industries CFO / Controller Corporate Finance (Fund Raising) Head Taxation with GST implementation experience Healthcare FMCG / Manufacturing / Industrial E-commerce Infrastructure and Renewable Energy By the numbers * 4% 21-30% increase in number of positions in the last 12 months average salary increase when moving jobs $ Employment trends * 6 professionals 4.5 months 3 rounds average number of candidates employers interview before making a job offer average time employers take to secure talent from start of the search till joining of interviews typically undergone by candidate with a company before securing a position *These employment trends are based on Michael Page s data in the last 12 months. 11

12 Finance & Accounting General CFO / Finance Director (Large organisation) CFO / Finance Director (Small/medium organisation) CFO / Finance Director (Shared services centre) GM Finance / Financial Controller (Large organisation) GM Finance / Financial Controller (Small/medium organisation) GM Finance / Financial Controller (Plant) Finance Manager (Large organisation) Finance Manager (Small/medium organisation) Finance Manager (Shared services centre) Financial & Planning Analysis Financial / Business Analyst Financial Accounting these fi gures. Refer to our online version at 12

13 Finance & Accounting Specialist Finance Strategy Costing Accounts Receivable Accounts Payable Treasury Tax-Indirect Tax-Direct / International Corporate Finance Investor Relations Internal Audit Public Accounting Audit Tax Transaction Advisory these fi gures. Refer to our online version at 13

14 India Human Resources In, we expect high demand for HR professionals who are analytical and execution-focused, along with those experienced in performance management, leadership and high-volume hiring. Organisations will become more open to hiring younger talent for senior roles. Roles in demand Top industries Compensation & Benefits HR Business Partners in Sales Talent Acquisition with Social Branding/Analytics experience Talent Management & Diversity Inclusion ecommerce Insurance Retail Manufacturing By the numbers * 5% 16-20% increase in number of positions in the last 12 months average salary increase when moving jobs $ Employment trends * 6 professionals 4.5 months 3 rounds average number of candidates employers interview before making a job offer average time employers take to secure talent from start of the search till joining of interviews typically undergone by candidate with a company before securing a position *These employment trends are based on Michael Page s data in the last 12 months. 14

15 Human Resources Commerce & Industry Large and middle capital companies / listed organisations Head of Human Resources (large companies) Head of Human Resources (small/medium sized companies) HR Generalist / Business Partner Learning & Development Compensation & Benefits Talent Acquisition Talent Management / OD Industrial Relations HR Operations / Payroll / HR IS HR Consulting Commerce & Industry Small capital companies / non-listed organisations Head of Human Resources (large companies) Head of Human Resources (small/medium sized companies) HR Generalist / Business Partner Learning & Development Compensation & Benefits Talent Acquisition Talent Management / OD Industrial Relations HR Operations / Payroll / HR IS HR Consulting these fi gures. Refer to our online version at 15

16 Human Resources Banking & Financial Services Large and middle capital companies / listed organisations Head of Human Resources (large companies) Head of Human Resources (small/medium sized companies) HR Generalist / Business Partner Learning & Development Compensation & Benefits Employee Relations Talent Acquisition Talent Management / OD HR Operations / Payroll / HR IS Banking & Financial Services Small capital companies / non-listed organisations Head of Human Resources (large companies) Head of Human Resources (small/medium sized companies) HR Generalist / Business Partner Learning & Development Compensation & Benefits Talent Acquisition Talent Management / OD HR Operations / Payroll / HR IS these fi gures. Refer to our online version at 16

17 India Legal In, we expect to see a continuation of high demand for in-house legal roles, litigation specialists in consumer industries and roles in compliance. We expect to see movement at top management level roles. Roles in demand Top industries Compliance Specialists Litigation Specialists Legal and Company Secretaries with dual qualification BFSI Pharmaceutical FMCG Engineering, Infrastructure and Energy By the numbers * 50% 26-30% increase in number of positions in the last 12 months average salary increase when moving jobs $ Employment trends * 6 professionals 4.5 months 3 rounds average number of candidates employers interview before making a job offer average time employers take to secure talent from start of the search till joining of interviews typically undergone by candidate with a company before securing a position *These employment trends are based on Michael Page s data in the last 12 months. 17

18 Legal Lawyers Lawyers - Private Practice Lawyers - In-House (All industries excluding Financial Services) Lawyers - In-House (Financial Services) Company Secretaries (In-house) Company Secretary these fi gures. Refer to our online version at 18

19 India Technology With technology such as machine learning, AI, and predictive analytics remaking the business landscape, industries from logistics to healthcare will be searching for technology professionals with relevant skills, such as digital transformation, data security and cyber security. Roles in demand Top industries Engineering (Cloud, Full Stack, Machine Learning, AI, UI/UX) Data and Cyber Security CTO Software Product Aggregators FinTech E-commerce By the numbers * 20-25% 26-30% increase in number of positions in the last 12 months average salary increase when moving jobs $ Employment trends * 6 professionals 4.5 months 3 rounds average number of candidates employers interview before making a job offer average time employers take to secure talent from start of the search till joining of interviews typically undergone by candidate with a company before securing a position *These employment trends are based on Michael Page s data in the last 12 months. 19

20 Technology General Management & Operations CIO / CTO / IT Director Infrastructure Manager Application Manager Project Manager Development, Design & Architecture Architect Applications, Solutions, Systems, Data Developer / Engineer DevOps Technical Support 1st Level - Help Desk Support nd Level - Technical Support rd Level - Application Support these fi gures. Refer to our online version at 20

21 India Digital & Analytics Demand for digital and analytics candidates will continue to increase in as organisations delve into data science, machine learning, and internet of things (IoT). Demand is expanding into new industries as big data and analytics become essential to most of the business. Roles in demand Top industries Data Scientists Big Data / Machine Learning Risk Analytics Consulting E-commerce Banking & Financial Services Media By the numbers * 15% 31-35% increase in number of positions in the last 12 months average salary increase when moving jobs $ Employment trends * 6 professionals 4.5 months 3 rounds average number of candidates employers interview before making a job offer average time employers take to secure talent from start of the search till joining of interviews typically undergone by candidate with a company before securing a position *These employment trends are based on Michael Page s data in the last 12 months. 21

22 Digital & Analytics Tier 1 Digital & Analytics MNC banks, Product Firms, E-commerce and captives across India AVP VP DIRECTOR MD AVP VP DIRECTOR MD Marketing Analytics Risk Analytics Digital Analytics Statistical Modelers Analytics Consulting Big Data/Machine Learning Data Scientist Product Management Tier 2 Digital & Analytics Domestic financial institutions and third party consulting companies AVP VP DIRECTOR MD AVP VP DIRECTOR MD Marketing Analytics Risk Analytics Digital Analytics Statistical Modelers Analytics Consulting Big Data/Machine Learning Data Scientist Product Management these fi gures. Refer to our online version at 22

23 India Engineering & Manufacturing Companies are looking to expand their manufacturing operations and we see great potential in the engineering and manufacturing job market to have a positive uptick throughout the year. Roles in demand Top industries Manufacturing Head Research & Development Health, Safety & Environment Chemical / Paints FMCG Engineering Retail By the numbers * 60% 23-45% increase in number of positions in the last 12 months average salary increase when moving jobs $ Employment trends * 6 professionals 4.5 months 3 rounds average number of candidates employers interview before making a job offer average time employers take to secure talent from start of the search till joining of interviews typically undergone by candidate with a company before securing a position *These employment trends are based on Michael Page s data in the last 12 months. 23

24 Engineering & Manufacturing R&D Application Engineer Product Design Engineer Test Engineer Project Manager R&D Head Manufacturing Utilities and Controls Maintenance Manager Production Manager Process / Operational Excellence Plant / Site Head Head of Manufacturing / Operations / COO Quality Control / Assurance Quality Control Quality Assurance Quality Director these fi gures. Refer to our online version at 24

25 Engineering & Manufacturing Engineering Civil / Electrical / Mechanical / Instrumentation Engineering Head of Department (Engineering) Health / Safety / Environment HSSE Technical Services Field Service Engineer / Technician Sales Engineer Service Manager / Supervisor Project Coordination these fi gures. Refer to our online version at 25

26 Engineering & Manufacturing Project Management Contracts Manager Project Engineer Project / Program Director these fi gures. Refer to our online version at 26

27 India Procurement & Supply Chain As India is on the cusp of becoming the manufacturing and shared services hub for South East Asia in, demand for skilled industry professionals will increase. 3PL, Procurement and Supply Chain will play a critical role in business operations. Roles in demand Top industries Logistics & Planning Strategic Procurement Warehouse & Inventory Manufacturing Consumer Goods 3rd Party Logistics Service Providers Healthcare Shared Service Centre By the numbers * 37% 21-25% increase in number of positions in the last 12 months average salary increase when moving jobs $ Employment trends * 6 professionals 4.5 months 3 rounds average number of candidates employers interview before making a job offer average time employers take to secure talent from start of the search till joining of interviews typically undergone by candidate with a company before securing a position *These employment trends are based on Michael Page s data in the last 12 months. 27

28 Procurement & Supply Chain FMCG / Retail & Healthcare / Pharma Top business school graduates Procurement Logistics (including Transportation, Warehousing) Supply Chain Sourcing Planning FMCG / Retail & Healthcare / Pharma Non business school graduates Quality Procurement Logistics (including Transportation, Warehousing) Supply Chain Sourcing Planning these fi gures. Refer to our online version at 28

29 Procurement & Supply Chain Captives / Shared Services Procurement Manager Vendor / Supplier Relationship Manager Strategic Sourcing Leader / Manager Category / Commodity Manager GM / Head of Procurement CPO / Director P2P Industrial & Manufacturing Procurement Manager Logistics (Including Transportation, Warehousing) Sourcing Quality Head of Procurement these fi gures. Refer to our online version at 29

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