E-Commerce Sector Leads in Salary Growth
The job market in India is evolving rapidly, especially in the internet and e-commerce sectors. According to a recent report by Randstad India, these sectors have emerged as the top paymasters for professionals across various levels. The report reveals that executives with over 15 years of experience in e-commerce earned an average cost to company (CTC) of nearly Rs 37 lakh in 2024. This figure surpasses the salaries offered in traditional sectors like energy, retail, and FMCG. As the demand for skilled professionals continues to rise, the compensation packages in these industries are becoming increasingly attractive.
E-Commerce Boom: A Catalyst for High Salaries
The growth of the e-commerce sector is driven by several factors. Increased internet penetration and smartphone usage have opened up new avenues for businesses. Small and medium-sized enterprises are entering the e-commerce space, providing consumers with more options. Additionally, the availability of convenient payment methods has made online shopping more accessible. This surge in activity has created a significant demand for talent, leading to competitive salaries across all levels.
The report highlights that the e-commerce sector is closely followed by professional services and business consulting, which offer an average CTC of Rs 36.5 lakh. Media and entertainment also rank high, with an average CTC of Rs 35.1 lakh. In contrast, in 2023, consultants held the top spot for average pay, surpassing AI specialists and marketing professionals. Viswanath PS, MD & CEO of Randstad India, emphasizes that the 2024-25 Salary Report showcases a resilient job market where niche skills command premium compensation. Organizations are now focusing on upskilling to attract and retain top talent, which is essential for career growth.
Healthcare Sector: Rising Salaries Amidst Demand
The healthcare sector is witnessing a significant increase in salaries, especially for senior and middle-level positions. The average CTC for senior roles in healthcare is Rs 43.95 lakh, while middle-level positions offer Rs 28.43 lakh. This trend reflects the growing job opportunities in healthcare, driven by the integration of digital technologies and data analytics. The rise in medical tourism, government funding for healthcare infrastructure, and private equity investments are also contributing factors.
As healthcare continues to evolve, the demand for skilled professionals is expected to rise. Roles in research, drug discovery, diagnostics, and manufacturing are becoming increasingly important. The integration of technology in healthcare is not only improving patient outcomes but also creating new job opportunities. As a result, professionals in this sector can expect competitive salaries and career advancement.
Bengaluru and Mumbai: The Talent Hotspots
When it comes to geographical salary trends, Bengaluru stands out as the top talent hotspot. The city attracts highly skilled professionals across various sectors, including BFSI, manufacturing, automotive, retail, and IT. The average CTC for junior and mid-level roles in Bengaluru is Rs 7.2 lakh and Rs 19 lakh, respectively. For senior-level positions, the average CTC is Rs 36.5 lakh.
Mumbai also remains a powerful talent hub, particularly in the BFSI, retail, and energy sectors. The city leads tier-1 cities in salary offerings for senior-level professionals, with an average CTC of Rs 38.8 lakh. This figure represents a 4% increase from the previous year and is about 12% higher than the national average. Among tier-2 cities, Bhopal, Mysore, and Kanpur are emerging as significant players, especially for junior-level roles. The operations and technical functions are particularly lucrative, with junior-level salaries averaging Rs 8.1 lakh.
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