The report found that there was double-digit growth in the average salary of five out of eight industries in the manufacturing sector and 3 out of 9 in the servicing sector, with Healthcare & Allied Industries having the highest growth of 20.46% and Education with 51.83% in respective sectors. Impressive salary growth in the last five yearsĭespite a slump in salary growth in the last year, the report indicated an impressive upward trajectory in average salary growth in the last five years. The Indian job market continues to evolve and there has been a rise in new job roles from a salary perspective, said Kartik Narayan, chief executive officer - staffing, TeamLease Services. Key factors like global layoffs and funding winter were in play this year, which resulted in a fall in median salary growth in FY 2023. Growth can be accelerated by leveraging AI to. For example, in CX, hyper-personalized content and offerings can be based on individual customer behavior, persona, and purchase history.
Whereas, the maximum increment of 10.19 per cent was lower than that of the previous year. The rise of AI, and particularly gen AI, has potential for impact in three areas of marketing and sales: customer experience (CX), growth, and productivity. The average salary increment across sectors stood at 8.03 per cent. This job witnessed a rise of 9.3 per cent. With this, the Relationship Manager role becomes one of the highest-paying job in the market.Īnother in the race is the Game Developer role in media and entertainment. There was a 10.19 per cent hike in the Relationship Manager role in the telecom sector in Bengaluru, said the report. However, nearly half of the industries are developing cutting-edge positions that are the right fit for the future. The report also underlined that the majority of industries included in the survey indicated the creation of “hot jobs".
In addition to this, there was an increase in jobs related to Sales and IT roles due to organisations' focus on growth and digital transformation. The report also highlighted the narrowing gap in the pay structure of permanent and temporary job roles.
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