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Moving up the Bonds |
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| Monday, September 17, 2007 |
|
Moving up
the Bonds |
|
Experience u |
<2 Years |
2.15 Years |
5.110 Years |
>10 Years |
|
Salary Range |
2006 |
2007 |
2006 |
2007 |
2006 |
2007 |
2006 |
2007 |
|
Annual Salary |
%of Employees |
|
Less than Rs 2 lakh |
20.7 |
14.1 |
10 |
6.9 |
4.9 |
3.2 |
2.9 |
2.1 |
|
Rs 23 lakh |
52.4 |
46.6 |
18.8 |
11.0 |
5.1 |
3.5 |
4.6 |
3.4 |
|
Rs 3.14.5 lakh |
21.7 |
30.5 |
42.1 |
35.9 |
13 |
9.8 |
12.8 |
4.2 |
|
Rs 4.66 lakh |
2.7 |
4.8 |
17 |
27.9 |
22.8 |
15.8 |
8.8 |
6.4 |
|
Rs 6.18 lakh |
1.2 |
2.5 |
7.4 |
14.0 |
26.1 |
25.3 |
12.2 |
9.6 |
|
Rs 8.110 lakh |
0.3 |
0.5 |
1.9 |
3.1 |
13.3 |
21.3 |
12.0 |
13.6 |
|
Rs 10.115 lakh |
0 |
0.8 |
1 |
1.0 |
11.4 |
17.0 |
21.0 |
26.0 |
|
Rs 15.125 lakh |
0 |
0.2 |
0.2 |
0.2 |
2.3 |
3.6 |
19.3 |
25.6 |
|
Rs 25.135 lakh |
0 |
0.0 |
0 |
0.0 |
0.1 |
0.2 |
3.9 |
6.9 |
|
More than Rs 35 lakh |
0.1 |
0.0 |
0 |
0.0 |
0.20 |
0.1 |
0.5 |
2.2 |
|
Average
Salary
(Rs lakh) |
3.0 |
3.2 |
3.9 |
4.4 |
7.5 |
7.8 |
13.0 |
14.7 |
|
Source: The 20 "DQ-IDC BES 20" Best Employer Companies in 2006 & 2007, for the detailed
bands. 13 constant companies for the average salary
Base: 3,006 (Year 2006) + 2,806 (Year 2007) respondents; 1,090 respondents
for average salary |
| As
the industry matured a bit more, employees got pushed into higher salary
bands. For instance, take the youngest group: the under-2-years experience
bracket. Only 14% of this group stayed under Rs 2 lakh, vs 21% last year,
and 47% stayed in the Rs 2-3 lakh range vs 52% last
year. And 31% of this young group is up in the Rs 3 to 4.5 lakh band,
compared to just 22% last year. This trend is reflected in the higher
experience bands too |
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