At a time when how much I am worth in the job market is a question in every jobseeker?s mind, Monster India in association with Paycheck.in (managed by WageIndicator Foundation) has launched the Monster Salary Index, with the Indian Institute of Management, Ahmedabad, as research partner. The index provides jobseekers information on salaries, labour market data and relevant content concerning labour law and careers.
The index aims to empower jobseekers with benchmarking to compare their salaries with millions of anonymous profiles across a broad spectrum of industry domains. The initiative offers those currently employed, employers and trade unions with information related to salary, working conditions, minimum wages and other work-related issues. At the core of the index is an online Salary Survey launched by the WageIndicator Foundation and Paycheck.in in 2005, with IIMA as research partner, to understand and develop salary and wage indicators for the Indian market.
Speaking at the occasion, Sanjay Modi, MD, Monster.com, said, ?Our research indicates a strong need for a benchmark that provides employers and jobseekers with comprehensive information pertaining to labour market and salary trends from a single source.?
Pauline Osse, director, WageIndicator Foundation, said, ?I am happy with the cooperation between Monster and Paycheck.in. Paycheck.in is among our best WageIndicator websites.? While Prof Biju Varkkey of IIMA added, ?The primary aim of Paycheck is to provide salary-related information to the market using data gathered through the online tool.?