Information Technology Sector pays the highest wages
A Survey has come out with median wages across various sectors. It is an index presented by Monster India and Paycheck.in, alongwith Indian Institute of Management, Ahmedabad. Larger companies pay higher than smaller ones. Higher median wages were paid by foreign firms and comparatively lower median wages paid by domestic companies. Construction Sector pays Rs. 259 per hour. IT Sector pays Rs. 341.8 per hour. This is an online volunteer survey, and thus the data in all likelihood is biased towards those who have internet access. This data was able to capture only the organised sector in India, NOTE.----------------
"... The report looked into overall median wages in India’s economy as well as median wages by several sectors such as construction and technical consultancy, education and research, financial services, banking and insurance, healthcare, social work, IT services, legal and market consultancy, business activities, manufacturing, transport and logistics. According to the index, finance pays the second-most lucrative salary of Rs 291 an hour. ... the median gross salary in the construction sector stood at Rs 259 an hour, healthcare (Rs 215), legal (Rs 215.6), and manufacturing and transport (Rs 230.9). ..."
"... Likewise, satisfaction with life is higher in the manufacturing sector compared to other sectors.
The analysis takes into account the period between first quarter of 2012 up to December 2014 for wages and till the first quarter of 2014 for working conditions and satisfaction.
The sample used for the analysis consists of 35,929 respondents, approximately 85.7 per cent of which were men. Respondents from different age groups, varied industries, and various hierarchical positions in their respective occupations were included in the sample. ..."
Find this at http://www.business-standard.com/article/companies/it-sector-offers-highest-wage-at-341-8-hr-survey-115012000793_1.html .
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