The rising demand for talent has had a positive impact on salaries as candidates are expected to witness a double-digit growth of up to 15 per cent in remunerations this season, according to a TeamLease Jobs & Salaries Primer report. “From an overall perspective candidates undergoing appraisal this season are expected to witness a double digit salary growth ranging between 10.5-15 per cent across industries and functions, setting in a upbeat tone for the year,” the report said.

1. The overall improvement in the business scenario coupled with the right initiatives by the government seem to be having a positive effect on hiring as well as salaries this year. The resultant movement of talent will not only compel corporates to loosen their purse strings but also will help them with access to a wider talent pool.

2. Retail and tele-communications will steal the show with a 12-15 per cent increment in salaries, health and pharmaceuticals, media and entertainment, power and energy, white goods and FMCG are also expected to witness a positive growth due to continuing progress and momentum.

3. The increasing demand for talent has also had a positive impact elsewhere too as salary variance between temporary and permanent jobs has narrowed sharply across a slew of job profiles and industries.

4. Software roles dominated top tier jobs across industries. Technological skills are, currently, the most valued and businesses across industries are willing to pay top dollar, it said.

5. Mumbai tops the chart as the highest salary paying city in as many as seven industries. Mumbai does not just steal a march over Bangalore and Delhi it is also the top salary paying city across as many as seven industries.

6. Certain city-industry clusters are proving to wield enormous clout in consistently attracting the best salary growth rates over time like Bangalore -IT (14.7 per cent), Mumbai-FMCG (13.6 per cent), Bangalore – health care and pharmaceuticals (13 per cent) and Pune – power and energy (12.5 per cent) are the city-industry clusters that dominate this scene.

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