|
Bangalore:
India ''s largest staffing company and the biggest
player in the ''temping'' industry, TeamLease Services Pvt.
Ltd, has released its annual Temp Salary Primer 2007.
With 67,000 employees on its rolls at 464 locations, TeamLease
is a pioneer in providing temporary staff to companies.
This
salary survey for temporary hiring covers 34 profiles
in six industry domains across 13 major locations.
The
report, TeamLease trend watch for each location
captures trends in the salary distribution across verticals,
domains and functions. The national index page also contains
a comparison between temp and permanent salaries across
profiles, experience and domain.
According
to Rajesh A R vice president, temporary staffing, "Two
important trends emerging from the primer are the increasing
returns to skill and the accelerated narrowing of the
temp and perm salary gap. The increasing returns to skill
(23 per cent for every education increment) partly reflect
the skill shortage but also reflect productivity gains.
The
narrowing salary gap reflects more efficient labour market
intermediation. As organised temporary staffing firms
complement (or substitute) poorly performing employment
exchanges and apprenticeship programs, labour market liquidity
improves and transaction costs in matching labour demand
and supply reduce. These reduced transaction costs are
being passed onto employees.
This
primer reflects the accelerating vibrancy of India and
its companies. The number of industries and geographies
using organised temporary staffing is rapidly increasing
as acceptance increases among employers and employees.
Temporary jobs are an important part of the solution to
the public policy issues of jobs and skills but unfortunately
99 per cent of the industry is still in the unorganised
sector because of labour legislation.
Highlights
of the report:
- Information
Technology and ITeS have again emerged as the top verticals
for temp job prospects across all locations
- Accounts
and Sales have more temp jobs across all verticals and
locations
- Mumbai,
Bangalore and Delhi are hot destinations for temp jobs,
offering higher compensation across all verticals
- Bangalore
is the emerging location for HR and sales, Mumbai for
accounts and Delhi for administration
- Manufacturing
and BFSI are the emerging verticals with numerous opportunities
in Delhi, Chennai and Mumbai
- The
number of temp jobs offered in verticals like BFSI,
manufacturing and consumer durables has increased by
more than 20 per cent since last year
- The
temp compensation has also experienced substantial growth
for those with 0 - 1 year experience, with an average
growth rate of 14 per cent in compensation, across all
experience levels
- In
the 0-1 year category, the Temp salary levels are higher
and in the 1-3 year category salary levels are closer
to Perm, relative to last year
- The
education level influences all levels, as shown by the
increase of more than 23 per cent in compensation for
every increase in the education level, except for Sales
Ahmedabad:
- Accounts
and HR are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by manufacturing
/ consumer durables
- The
highest paying vertical for undergraduates is administration
- The
highest paying vertical for graduates is HR
- Accounts
is the highest paying vertical for postgraduates
Bangalore:
- HR
& Sales are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by BFSI /
manufacturing
- The
highest paying vertical for undergraduates and graduates
is accounts
- HR
is the highest paying vertical for postgraduates
Chandigarh:
- HR
and Administration are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by BFSI /
consumer durables
- The
highest paying vertical for undergraduates and graduates
is HR
- Accounts
is the highest paying vertical for postgraduates
Chennai:
- HR
and accounts are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by BFSI /
manufacturing
- The
highest paying vertical for undergraduates is accounts
- The
highest paying vertical for graduates is HR
- Accounts
is the highest paying vertical for postgraduates
Delhi:
- HR
and Sales are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by BFSI /
manufacturing
- The
highest paying vertical for undergraduates is administration
- The
highest paying vertical for graduates is HR
- Accounts
is the highest paying vertical for postgraduates
Hyderabad:
- Accounts
and HR are the highest paying verticals
- IT
/ ITeS are the highest paying verticals followed by
BFSI / manufacturing
- The
highest paying vertical for undergraduates is administration
- Accounts
is the highest paying vertical for graduates and postgraduates
Indore:
- HR
& Administration are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by BFSI /
consumer durables
- The
highest paying vertical for undergraduates is accounts
- The
highest paying vertical for graduates is HR
- Accounts
is the highest paying vertical for postgraduates
Jaipur:
- HR
& Accounts are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by manufacturing
/ consumer durables
- The
highest paying vertical for undergraduates is sales
- HR
is the highest paying vertical for graduates and postgraduates
Kochi:
- HR
& Accounts are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by BFSI /
FMCG
- The
highest paying vertical for undergraduates is accounts
- HR
is the highest paying vertical for graduates and postgraduates
Kolkata:
- HR
and Sales are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by BFSI /
manufacturing
- The
highest paying vertical for undergraduates is accounts
- The
highest paying vertical for graduates is HR
- Sales
is the highest paying vertical for postgraduates
Lucknow:
- Accounts
and HR are the highest paying verticals
- IT
/ ITeS are the highest paying verticals followed by
manufacturing / consumer durables
- The
highest paying vertical for undergraduates is administration
- Accounts
is the highest paying vertical for graduates and postgraduates
Mumbai:
- Accounts
and Administration are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by manufacturing
/ BFSI
- The
highest paying vertical for undergraduates is administration
- Accounts
is the highest paying vertical for graduates and postgraduates
Pune:
- HR
& Sales are the highest paying verticals
- IT/ITeS
are the highest paying verticals followed by Manufacturing/BFSI
- The
highest paying vertical for Undergraduates is Administration
- The
highest paying vertical for Graduates is HR
- Accounts
is the highest paying vertical for Postgraduates
|
