India has seen sectors such as GICs, Automobile and Auto Ancillary, Consumer Durables, Retail and Start-ups ramp up their hiring. The IT industry continues to expand rapidly and is projected to grow by 10-12% by the National Association of Software and Services Companies (NASSCOM). There is also growing demand in the market for talent specializing in SDETs, Data Analytics, Cybersecurity (Kelly services’ 2019 salary guide).
On the application space, Indian talent are typically strong with Full Stack, UI/Web Dev, QA Testers and SDETs. On Network Infra space, Indian talent are strong in Cybersecurity, DevOps and Cloud Infra role.
In India, talent can be differentiated from the colleges they come from and the companies they worked with.
Elite and Tier 1 Colleges:
These institues are top of the line and considered to be the best schools in the country. Theey are popular among the recruiters in terms of brand value and education. These schools are very competitive and are very difficult to get into. A student needs to be in the top 1% or 2% to be eligible for an admissions call. Graduates typically get placed within top companies and are paid highly.
Tier 1.5 Colleges:
Tier 2 Colleges:
Tier 2 institutes have established their brand names and have consistent placement records. These institutes are in the second chunk (top 15- 30) in terms of rankings. Some institutes are old and a few are newly established and promising institutes. These institutes have above average talents that get placed with good companies and have good pay.
Tier 3 Colleges:
Tier 3 colleges are still great places to learn and build a career. Some of them have a fantastic return on investment.
More information about average salaries in India can be found on Kelly Services’ 2020 salary guide for India.
Workers in this sector can expect a 6-10% appraisal hike with high performers drawing 11-15% hikes.
More information about job portals in India can be found here.
*Only if the monthly salary of the employee is <RS15,000, otherwise subject to certain conditions.
The employer payroll tax can be found here.
*Only if the monthly salary of the employee is <RS15,000, otherwise subject to certain conditions. **Only if the monthly salary of the employee is >RS15,000, and employee is in Karnataka. Information on professional tax can be found here.
Foreign nationals in India are liable to pay EPF and income tax on India-sourced earnings.
The minimum wage is 178 rupees per day (~US$2.40). However, it differs across different states based on industry and skill level of workers.
Paid monthly, from the 28th to last day of the month.
13th month salary
Depends on the country’s working culture. In general, if any employee works in a company with ≥ 20 people, and they earn less than 10,000 rupees per month, they are entitled to a bonus of between 8.33% and 20% of their annual salary.
Statutory minimum: 1 day of paid leave per 20 days of service
However, 24 days paid leave per year for adult workers is common and a maximum of 30 vacation days can be carried over to the next year.
Sick pay takes effect from 3rd day of illness at 70% of salary for a maximum of 3 months. However, different rules apply to different professionals.
For 1 child, the employee is entitled to 26 weeks of paid maternity leave. If the employee has at least 2 child, they are entitled to 12 weeks of paid maternity leave.
Not compulsory. Only male government employees are entitled to 15 days of paid leave.
If termination isn’t specified in a contract, an employer must give 30 days of notice or payment in-lieu to an employee who has worked for at least 3 months.
Notice period of 30 days. However, termination due to misconduct has no notice period.
15 days wages per year of service, if the employee has served the company for at least 5 years.
Not mandatory, but up to 3 months if probation is given.