RGF Salary Watch India 2021

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RGF Salary Watch: India 1

Salary Watch 2021:


India
2 RGF Salary Watch: India

Table of Contents
About the Report 3

Market Overview 4

Key Insights 6

Salary Insights
Industrial and Manufacturing 7
Technology & Digital 12
Healthcare & Life Sciences 16
Consumer Goods & Retail 20
Corporate Services 24

About RGF 27
RGF Salary Watch: India 3

About the Report


RGF’s Salary Watch: India report has been conducted with the
aim of better understanding the salary trends and data across
all industries and job levels in India. This report is based on
RGF-owned talent pool covering more than 19,000 candidates
(collected from April 2020 to April 2021). The definition of
annual basic salary used throughout this report does not include
allowance, stock, bonus or any other additional benefits, and the
salary exchange rate used is 1 USD = 73 INR. Due to the real-time
nature of some of this data, RGF encourages readers to use its
insights at their discretion.
4 RGF Salary Watch: India

Market Overview of
India 2021
RGF Salary Watch: India 5

TOWARDS RESILIENT RECOVERY


While the COVID-19 pandemic continues to impact hiring and recruitment trends across India, sustained
demand for skilled talent is expected from the healthcare, technology and manufacturing sectors that have
surged to the forefront over the last year. Having shown resilient recovery before the second wave took hold,
expectations are high for renewed recovery in the latter half of 2021 — provided movement restrictions ease
and consumer demand strengthens in accordance to relief measures.

Digital Innovation Surges


India’s recovery in 2021 is expected to be led by a continued national doubling down on
technological and digital innovation to navigate the ongoing crisis1. Acting as a crucial catalyst
for structural reform, the tech and digital industry enabled other sectors to achieve their full
potential in ways previously unexplored. Areas including artificial intelligence, big data,
robotics, 5G and IoT — key components of Industry 4.0 — will continue to drive hiring
demand and growth as they elevate operational and cost efficiencies to cater to
changing stakeholder needs.

Healthcare At The Forefront


Naturally, the healthcare sector will remain a key area of development as the
country continues to expand healthcare facilities to affected communities and
vulnerable populations. As vaccines and other mass healthcare programs are
rolled out, medical professionals with R&D and regulatory skills will continue to
be highly sought after by domestic pharmaceutical companies such as the
Serum Institute, which is responsible for supplying vaccines on a global scale2.

Protecting Local Manufacturers


India’s ‘Atma Nirbhar Bharat’, or ‘self-reliant India’ policy was launched in May 2020
to support its existing “Make In India” program and inject life into the COVID-affected
manufacturing sector. The emphasis on domestic independence and self-reliance has
encouraged local manufacturers to drive supply for local consumption and aid economic
recovery by focusing on essential consumer needs such as electronics, automobiles, and
healthcare. More hiring opportunities are expected in these spaces as they continue to recover
alongside consumer confidence.

Overall, India is geared for a gradual recovery into 2021 by leveraging cutting edge technology to aid
infrastructural development and elevating struggling sectors with the help of increasing government support.

1 https://home.kpmg/in/en/home/insights/2020/12/reimagining-india-post-covid-19.html
2 https://www.cnbc.com/2021/02/15/covid-india-could-play-an-important-role-in-producing-vaccines.html
3 https://www.dbs.com/aics/templatedata/article/generic/data/en/GR/122020/201214_insights_india.xml
4 https://www.forbesindia.com/blog/economy-policy/budget-2021-focus-on-manufacturing-will-aid-indias-economic-recovery/
6 RGF Salary Watch: India

KEY INSIGHTS
Growth sectors for 2021
While the Industrial and Healthcare sectors experienced considerable annual growth in terms of salary
increments, the Corporate Services and Consumer Goods industries are expected to see lower increments
this year, despite their projected overall growth.

Average Year-on-Year Increments

8% 7% 7% 6% 2%
Consumer Goods Industrial and Healthcare and Corporate Technology and
and Retail Manufacturing Life Services Services Digital

The boost in demand for healthcare services and pharmaceutical production has spurred a rise in
compensation for talent with experience in regulatory and medical areas. Senior personnel and R&D talent
across industries also saw higher increments, corresponding with the urgent need for experience and skills
to provide overall professional direction and guidance.

8% 7%
Regulatory Affairs Quality Management
(Healthcare)

7%
8% Senior Management/
Manufacturing, Production General Management
and Operations

8%
10 7%
Functions R&D
Sales & Marketing
(Healthcare) Offering Highest
Salary Increments
7%
Application Engineering
7%
Medical
7%
Project Management
7%
Production & Operations
(Healthcare)
RGF Salary Watch: India 7

Job Market Trends and Salary Data


Industrial And
Manufacturing
As new technologies unlock greater efficiencies in the manufacturing
sector, there has been a corresponding demand for talent with smart
manufacturing and tech expertise. Industry 4.0, driven by artificial
intelligence and the Internet of Things, has been deployed in sectors
such as supply chain management, construction, and shipping. The
Indian government has also been focusing on providing incentives to
manufacturers in certain sectors such as automobiles, pharmaceuticals
and food products to bolster the domestic supply chain and promote
self-reliance.

Engineers and managers in roles such as research and development,


application engineering, manufacturing, and project management have
experienced a considerably higher demand as compared to other
functions, seeing year-on-year increment growth of 7% — in line
with India’s increased appetite for tech-driven manufacturing.

3. https://www.mti.gov.sg/Resources/feature-articles/2020/Performance-and-Outlook-of-the-Manufacturing-Sector-in-2020
8 RGF Salary Watch: India

Top Projected Salary Increments in 2021


By Years of
By Function By Level
Experience

8% 7% 7%
Manufacturing, Director/Senior
15-20 YEARS Management
Production and Operation

7% 7% 7%
Senior Management Supervisor/Account
5-10 YEARS
Executive

7% 7% 7%
Quality Management And
3-5 YEARS Engineer
Project Management

Hot Jobs Projected increment % when switching jobs

+25-30% +15-20%
Manufacturing, Production & General Manager
Operation Manager Skills in demand:
Skills in demand: HOD for plant heads/refinery units/petrochemical
Maintenance (preventive and predictive), handling units, leadership, operations and maintenance
mechanical and electrical instruments, reliability skills, green field project management, skills related
engineering, asset integrity to data science/machine learning/robotics required
for new age production set ups

+20-25%
+20-25%
Sales Director/Manager
Skills in demand:
R&D Manager
Leadership, new product development, project Skills in demand:
management, data science, machine learning Leadership, new product development, project
management, data science, machine learning

+20%
Project Management Manager
Skills in demand:
Leadership skills, planning, scheduling and
project management

* All figures are projections based on data collected from RGF’s database by Dec 2020
RGF Salary Watch: India 9

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN INR)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 219 445 16,000 32,500

CEO/
20+ Large Local/Global MNC HQ 147 295 10,700 21,500
President

SME 116 219 8,500 16,000

Global MNC 116 297 8,500 21,700

Senior
GM 15-20 Large Local/Global MNC HQ 103 222 7,500 16,200
Management
SME 103 222 7,500 16,200

Global MNC 88 264 6,450 19,300

VP 15-20 Large Local/Global MNC HQ 88 221 6,400 16,100

SME 66 148 4,800 10,800

Global MNC 66 205 4,800 15,000

Director 15-20 Large Local/Global MNC HQ 64 177 4,700 12,900

SME 51 126 3,750 9,200

Global MNC 22 51 1,600 3,750

Manager 10-15 Large Local/Global MNC HQ 16 29 1,190 2,150

SME 18 45 1,300 3,250


R&D
Global MNC 21 29 1,500 2,150

Supervisor 5-8 Large Local/Global MNC HQ 18 26 1,280 1,930

SME 13 23 960 1,670

Global MNC 8 16 590 1,180

Engineer 3-5 Large Local/Global MNC HQ 7 16 500 1,140

SME 7 16 540 1,140

Global MNC 88 118 6,450 8,600

Director 15-20 Large Local/Global MNC HQ 73 103 5,300 7,500

SME 66 88 4,800 6,450

Global MNC 22 37 1,600 2,700

Application
Manager 10-15 Large Local/Global MNC HQ 18 29 1,290 2,150
Engineering
SME 15 24 1,070 1,720

Global MNC 10 15 750 1,080

Engineer 3-5 Large Local/Global MNC HQ 10 15 750 1,070

SME 7 12 540 850


10 RGF Salary Watch: India

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN INR)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 88 148 6,450 10,800

Director 15-20 Large Local/Global MNC HQ 88 148 6,450 10,800

SME 66 88 4,830 6,450

Global MNC 44 59 3,220 4,300

Manager 10-15 Large Local/Global MNC HQ 29 37 2,150 2,700

Manufacturing, SME 18 26 1,290 1,930


Production &
Operation Global MNC 25 37 1,825 2,680

Supervisor 8-10 Large Local/Global MNC HQ 18 26 1,290 1,930

SME 12 18 850 1,290

Global MNC 12 18 850 1,290

Engineer 3-5 Large Local/Global MNC HQ 7 15 540 1,070

SME 4 9 320 640

Global MNC 103 147 7,500 10,700

Director 15-20 Large Local/Global MNC HQ 88 132 6,450 9,650

SME 66 96 4,800 7,000

Global MNC 44 59 3,200 4,300

Manager 10-15 Large Local/Global MNC HQ 25 37 1,820 2,675

Quality SME 18 27 1,300 1,940


Management Global MNC 25 37 1,820 2,675

Supervisor 5-10 Large Local/Global MNC HQ 18 25 1,300 1,820

SME 12 18 860 1,300

Global MNC 12 18 860 1,300

Engineer 3-5 Large Local/Global MNC HQ 7 15 540 1,070

SME 5 9 330 640

Global MNC 37 74 2,700 5,400

Director 15-20 Large Local/Global MNC HQ 29 59 2,150 4,300

SME 26 51 1,920 3,750

Global MNC 22 37 1,600 2,700


Project
Manager 10-15 Large Local/Global MNC HQ 18 27 1,290 1,940
Management
SME 15 22 1,070 1,600

Global MNC 9 13 690 920


Engineer 3-5
Large Local/Global MNC HQ 7 12 540 850
RGF Salary Watch: India 11

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN INR)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 54 117 3,950 8,550

Sales
15-20 Large Local/Global MNC HQ 50 103 3,620 7,500
Director

SME 55 96 4,050 7,000

Global MNC 36 59 2,650 4,300

Sales
10-15 Large Local/Global MNC HQ 32 54 2,350 3,970
Manager

SME 26 47 1,920 3,450

Global MNC 44 66 3,200 4,800


Business
Development 10-15 Large Local/Global MNC HQ 39 62 2,870 4,500
Manager
SME 32 52 2,350 3,760
Sales &
Marketing
Global MNC 25 33 1,820 2,380

Account
5-10 Large Local/Global MNC HQ 22 29 1,600 2,150
Executive

SME 18 28 1,290 2,050

Global MNC 88 132 6,400 9,650

Marketing
15-20 Large Local/Global MNC HQ 73 118 5,350 8,600
Director

SME 59 96 4,300 7,000

Global MNC 37 67 2,700 4,900

Marketing
10-15 Large Local/Global MNC HQ 32 59 2,350 4,300
Manager

SME 26 47 1,930 3,450


12 RGF Salary Watch: India

Job Market Trends and Salary Data


Technology & Digital
While technology has always been a top priority for India, the pandemic
has accelerated the adoption of digital strategies for businesses of all
sizes and across sectors as they cope with the “new normal”. From fintech
to healthtech to ecommerce, companies of all sizes underwent a digital
transformation to bring much-needed services to customers in need, such
as payments, medicine, and groceries. With technology, small businesses
and startups had a chance to participate in a hyper-digital economy that
improved access for all.

Tech talent employed in roles like software development, artificial


intelligence, robotics and data science commanded some of the highest
salaries in the region, averaging between 50 and 80 lakh INR per annum.
Senior executives and talent specialising in sectors such as cybersecurity
and big data have also seen an increase in annual salary. Employees
with upwards of 10 years of experience, and those with a knowledge of
languages such as R, SAS, Python, Hadoop, and Scala are in
demand for their technical know-how and ability to build complex
digital infrastructures to support digital transformation and
serve customers at scale.
RGF Salary Watch: India 13

Top Projected Salary Increments in 2021


By Years of
By Function By Level
Experience

6% 4% 4%
Cybersecurity
10-15 YEARS Director

3% 1% 2%
Big Data and Business
Intelligence 5-10 YEARS Senior Management

2% 1% 1%
AI & Data Science 15-20 YEARS Manager/Architect

Hot Jobs Projected increment % when switching jobs

AI and Data Science


Director/Manager
Skills in demand:
Machine learning,
natural language Big data & Business
processing, R, SAS,
Python
+40% Intelligence
Director/Manager/
Architect/Engineer

+35% Skills in demand:


Big data architecture,
Scala, Hadoop Hive Pig,
business intelligence
(BI), Informatica ETL
(extract, transform,
load), Hyperion, Essbase

Front-end and Back-end


Engineering Manager/
Architect
Skills in demand: +35%
UI/UX, design and
development, instructional
design, full stack
development

* All figures are projections based on data collected from RGF’s database by Dec 2020
14 RGF Salary Watch: India

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN INR)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 274 479 20,000 35,000


CEO/
20+ Large Local/Global MNC HQ 205 342 15,000 25,000
President
Senior SME 130 178 9,500 13,000
Management Global MNC 137 171 10,000 12,500

VP 15-20 Large Local/Global MNC HQ 123 164 9,000 12,000

SME 103 123 7,500 9,000

Global MNC 123 164 9,000 12,000

Director 15-20 Large Local/Global MNC HQ 99 130 7,200 9,500

SME 89 110 6,500 8,000

Global MNC 110 137 8,000 10,000

R&D Architect 10-15 Large Local/Global MNC HQ 96 123 7,000 9,000

SME 96 123 7,000 9,000

Global MNC 25 44 1,800 3,200

Engineer 5-10 Large Local/Global MNC HQ 16 34 1,200 2,500

SME 16 21 1,200 1,500

Global MNC 96 130 7,000 9,500

Director 15-20 Large Local/Global MNC HQ 82 116 6,000 8,500

SME 68 82 5,000 6,000

Global MNC 55 96 4,000 7,000


Mobile Manager/
Development 10-15 Large Local/Global MNC HQ 41 68 3,000 5,000
Architect
SME 34 55 2,500 4,000

Global MNC 27 55 2,000 4,000

Engineer 5-10 Large Local/Global MNC HQ 16 34 1,200 2,500

SME 14 27 1,000 2,000

Global MNC 151 247 11,000 18,000

Director 15-20 Large Local/Global MNC HQ 151 205 11,000 15,000

SME 96 164 7,000 12,000

Global MNC 68 137 5,000 10,000


AI and Data Manager/
10-15 Large Local/Global MNC HQ 62 103 4,500 7,500
Science Architect
SME 48 68 3,500 5,000

Global MNC 27 48 2,000 3,500

Engineer 5-10 Large Local/Global MNC HQ 25 41 1,800 3,000

SME 21 34 1,500 2,500


RGF Salary Watch: India 15

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN INR)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 96 137 7,000 10,000

Director 15-20 Large Local/Global MNC HQ 82 110 6,000 8,000

SME 68 82 5,000 6,000

Global MNC 68 82 5,000 6,000


Front-end
Manager/
& back-end 10-15 Large Local/Global MNC HQ 48 66 3,500 4,800
Engineering Architect
SME 34 48 2,500 3,500

Global MNC 41 62 3,000 4,500

Engineer 5-10 Large Local/Global MNC HQ 34 41 2,500 3,000

SME 21 34 1,500 2,500

Global MNC 110 164 8,000 12,000

Director 15-20 Large Local/Global MNC HQ 96 123 7,000 9,000

SME 68 82 5,000 6,000

Global MNC 41 82 3,000 6,000

Cyber Security Manager 10-15 Large Local/Global MNC HQ 27 48 2,000 3,500

SME 16 37 1,200 2,700

Global MNC 25 34 1,800 2,500

Engineer 3-5 Large Local/Global MNC HQ 14 29 1,000 2,100

SME 11 21 800 1,500

Global MNC 96 151 7,000 11,000

Director 15-20 Large Local/Global MNC HQ 82 123 6,000 9,000

SME 68 82 5,000 6,000

Global MNC 62 116 4,500 8,500


Big Data &
Manager/
Business 10-15 Large Local/Global MNC HQ 48 100 3,500 7,300
Intelligence Architect
SME 41 75 3,000 5,500

Global MNC 41 55 3,000 4,000

Engineer 5-10 Large Local/Global MNC HQ 27 38 2,000 2,800

SME 14 26 1,000 1,900

Global MNC 137 274 10,000 20,000

Director 15-20 Large Local/Global MNC HQ 123 247 9,000 18,000

SME 110 178 8,000 13,000

Global MNC 110 205 8,000 15,000


Software &
Manager/
Hardware 10-15 Large Local/Global MNC HQ 93 164 6,800 12,000
Development Architect
SME 68 123 5,000 9,000

Global MNC 21 48 1,500 3,500

Engineer 5-10 Large Local/Global MNC HQ 14 38 1,000 2,800

SME 12 34 900 2,500


RGF Salary Watch: India 16

Job Market Trends and Salary Data


Healthcare & Life Sciences
Given the nature of recent global events, the demand for healthcare
products and services in the form of vaccines and health programs
is at an all-time high — this is reflected in the steep growth in
salaries commanded by medical professionals in various roles.
As India’s biotech giants respond to global vaccine demand while
balancing domestic needs, doctors and healthcare experts with
research backgrounds and years of experience under their belt are
increasingly invaluable.

Medical talent in senior roles such as R&D researcher and regulatory


affairs director saw the highest incremental boost in wages — a
reflection of the country’s investment in medical technology, national
healthcare programs, and medical infrastructure in a COVID-driven
world. Recently, the healthcare sector has also been incorporating
tech into its services, with a wealth of Indian startups focusing on
bringing better infrastructure and solutions to the public. This has
translated to a demand for talent with compliance
management, regulation, and product management skills.
17 RGF Salary Watch: India

Top Projected Salary Increments in 2021


By Years of
By Function By Level
Experience

8% 7% 8%
Regulatory Affairs 15-20 YEARS Director

8% 7% 7%
Sales & Marketing 10-15 YEARS Researcher

7% 7% 7%
Medical 5-10 YEARS Manager

Hot Jobs Projected increment % when switching jobs

+20-25%
Production and Operations Director
Skills in demand:
Profit and loss management, leadership skills

+20-25%
Health Sales Director
Skills in demand:
Experience in oncology, dermatology, respiratory,
virology and diabetology

+20-25%
Marketing Director
Skills in demand:
Product management, Group Product
Management (GPM)

+20%
Quality Director
Skills in demand:
Compliance management, regulatory skills,
quality assurance

+15-20%
Regulatory Affairs
Skills in demand:
Regulatory affairs, liasioning, compliance management

* All figures are projections based on data collected from RGF’s database by Dec 2020
RGF Salary Watch: India 18

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN INR)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 219 367 16,000 26,800


CEO/
20+ Large Local/Global MNC HQ 175 293 12,800 21,400
President
SME 116 163 8,500 11,900

Global MNC 160 249 11,700 18,200

CXO 20+ Large Local/Global MNC HQ 160 205 11,700 15,000

SME 103 162 7,500 11,800

Global MNC 132 190 9,600 13,900


Senior
Management/
BU Head 20+ Large Local/Global MNC HQ 116 147 8,500 10,750
General
Management
SME 88 132 6,400 9,650

Global MNC 110 162 8,000 11,800

GM 15-20 Large Local/Global MNC HQ 118 148 8,600 10,800

SME 88 118 6,400 8,600

Global MNC 146 190 10,650 13,900

VP 15-20 Large Local/Global MNC HQ 116 147 8,500 10,700

SME 88 132 6,400 9,650

Global MNC 190 249 13,900 18,200

Director 15-20 Large Local/Global MNC HQ 146 219 10,650 16,000

SME 133 185 9,700 13,500

Global MNC 88 103 6,400 7,500

R&D Manager 10-15 Large Local/Global MNC HQ 58 81 4,250 5,900

SME 58 88 4,250 6,450

Global MNC 39 51 2,870 3,750

Researcher 5-10 Large Local/Global MNC HQ 36 44 2,650 3,200

SME 29 45 2,150 3,250

Global MNC 219 251 16,000 18,300

Doctor 15-20 Large Local/Global MNC HQ 219 249 16,000 18,200

SME 147 178 10,700 13,000


Medical
Global MNC 177 237 12,900 17,300

Director 15-20 Large Local/Global MNC HQ 177 193 12,900 14,100

SME 146 190 10,650 13,900

Global MNC 147 177 10,700 12,900


Production &
Director 15-20 Large Local/Global MNC HQ 146 176 10,650 12,850
Operations
SME 103 163 7,500 11,900

Global MNC 162 207 11,800 15,100

Quality Director 15-20 Large Local/Global MNC HQ 116 147 8,500 10,700

SME 88 148 6,450 10,800


19 RGF Salary Watch: India

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN INR)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 162 185 11,800 13,500

Director 15-20 Large Local/Global MNC HQ 118 163 8,600 11,900

SME 118 148 8,600 10,800

Global MNC 59 66 4,300 4,850


Regulatory
Affairs
Manager 8-10 Large Local/Global MNC HQ 59 66 4,300 4,850

SME 51 59 3,750 4,300

Global MNC 26 29 1,930 2,150


Non-
3-5
management Large Local/Global MNC HQ
SME
26 29 1,930 2,150

Global MNC 162 186 11,800 13,550

Sales Director 15-20 Large Local/Global MNC HQ 118 163 8,600 11,900

SME 118 148 8,600 10,800

Global MNC 59 89 4,300 6,500


Sales & Marketing
15-20 Large Local/Global MNC HQ 51 74 3,750 5,400
Marketing Director
SME 44 74 3,200 5,400

Global MNC 44 59 3,200 4,300


Marketing
10-15 Large Local/Global MNC HQ 44 59 3,200 4,300
Manager
SME 37 45 2,670 3,250
20 RGF Salary Watch: India

Job Market Trends and Salary Data


Consumer Goods & Retail
With lockdowns enforced across the entire subcontinent and
people’s mobility greatly reduced, the consumer goods and
retail sector was significantly impacted by the first months of the
pandemic. However, as people turned to digital channels to fulfil their
grocery and household needs, the industry saw a gradual revival.
And while ecommerce and digitalisation played a pivotal role in
accelerating the recovery of the sector, driving demand for skilled
tech workers, professionals in the sector still experienced salary
dips. Those employed in senior positions saw the steepest decline
in salary as companies moved to ensure cost-efficiency amidst
economic uncertainty.

Despite this initial outlook, the consumer goods sector is on a path


to recovery. Companies are on the lookout for skills such as digital
transformation, product and innovation management,
diagnostic and analytics, and customer relationship
management, signalling a shift towards an efficient,
tech-enabled and consumer-centric future.
RGF Salary Watch: India 21

Hot Jobs Projected increment % when switching jobs

+20-30% +19%
E-commerce Manager Vice President/General Manager
Skills in demand: Skills in demand:
Full-stack software developer, product Business planning, product and innovation
management, machine learning management, customer experience management

+22% +18%
Digitalisation Director CEO/President
Skills in demand: Skills in demand:
Business analysis, digital marketing, product Profit and loss management, cost optimisation,
management digital transformation

+22% +18%
Marketing and Branding Manager Business Strategy and Commercial Director
Skills in demand: Skills in demand:
Revenue management, growing market share, Liaison, strategic innovation, cost optimisation
brand and channel metrics

+17%
+21% Customer Relationship
E-commerce Director Management Account manager
Skills in demand: Skills in demand:
Category management, marketing management, Customer service, account management, sales
digital marketing, user interface development effectiveness, communication

+20% +17%
Sales and Business Development Business Unit Head
Manager and Senior Manager Skills in demand:
Skills in demand: Diagnostic and analytical skills, decision-making,
Business strategy, sales and channel cultivating relationships with customers
effectiveness, talent development
22 RGF Salary Watch: India

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN INR)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 411 849 30,000 62,000
CEO/
20+ Large Local/Global MNC HQ 240 562 17,500 41,000
President
SME 123 212 9,000 15,500
Global MNC 247 356 18,000 26,000

CXO 20+ Large Local/Global MNC HQ 107 144 7,800 10,500

Senior SME 68 107 5,000 7,800


Management Global MNC 210 425 15,300 31,000

BU Head 20+ Large Local/Global MNC HQ 141 288 10,300 21,000


SME 84 114 6,100 8,300
Global MNC 107 178 7,800 13,000

VP/GM 15-20 Large Local/Global MNC HQ 99 125 7,200 9,100


SME 62 103 4,500 7,500
Global MNC 247 356 18,000 26,000
Director/
15-20 Large Local/Global MNC HQ 205 253 15,000 18,500
Head
SME 130 207 9,500 15,100
Global MNC 64 92 4,700 6,700
Sales & Manager/
Business Senior 10-15 Large Local/Global MNC HQ 55 81 4,000 5,900
Development Manager
SME 41 59 3,000 4,300
Global MNC 32 45 2,350 3,300

Supervisor 5-10 Large Local/Global MNC HQ 28 40 2,050 2,900


SME 18 29 1,350 2,100
Global MNC 212 281 15,500 20,500

Director 15-20 Large Local/Global MNC HQ 137 207 10,000 15,100


SME 103 126 7,500 9,200
Global MNC 48 82 3,500 6,000
Business
Strategy & Manager 10-15 Large Local/Global MNC HQ 44 71 3,200 5,200
Commercial
SME 21 45 1,500 3,300
Global MNC 27 42 2,000 3,100

Supervisor 5-10 Large Local/Global MNC HQ 21 41 1,500 3,000


SME 14 26 1,000 1,900
Global MNC 356 507 26,000 37,000

Director 15-20 Large Local/Global MNC HQ 137 329 10,000 24,000


SME 116 240 8,500 17,500
Global MNC 75 99 5,500 7,200

E-commerce Manager 10-15 Large Local/Global MNC HQ 70 92 5,100 6,700


SME 41 74 3,000 5,400
Global MNC 48 62 3,500 4,500

Supervisor 5-10 Large Local/Global MNC HQ 34 53 2,500 3,900


SME 25 33 1,800 2,400
RGF Salary Watch: India 23

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN INR)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 40 56 2,900 4,100

Manager 10-15 Large Local/Global MNC HQ 32 42 2,300 3,100

CRM & SME 19 29 1,400 2,100


Account
Management Global MNC 27 41 2,000 3,000

Supervisor 5-8 Large Local/Global MNC HQ 19 27 1,400 2,000

SME 11 18 800 1,300

Global MNC 329 489 24,000 35,700

Director 15-20 Large Local/Global MNC HQ 199 370 14,500 27,000

SME 127 247 9,300 18,000

Global MNC 55 82 4,000 6,000

Digitalization Manager 10-15 Large Local/Global MNC HQ 41 55 3,000 4,000

SME 27 34 2,000 2,500

Global MNC 27 41 2,000 3,000

Supervisor 5-10 Large Local/Global MNC HQ 21 34 1,500 2,500

SME 12 16 850 1,200

Global MNC 219 301 16,000 22,000

Director 15-20 Large Local/Global MNC HQ 140 212 10,200 15,500

SME 105 141 7,700 10,300

Global MNC 82 110 6,000 8,000


Marketing &
Manager 10-15 Large Local/Global MNC HQ 62 75 4,500 5,500
Branding
SME 34 41 2,500 3,000

Global MNC 41 68 3,000 5,000

Supervisor 5-10 Large Local/Global MNC HQ 27 40 2,000 2,900

SME 14 20 1,000 1,450


24 RGF Salary Watch: India

Job Market Trends and Salary Data


Corporate Services
The detrimental effects of COVID-19 were strongly felt by the corporate
sector in India, where executives across functions such as human
resources, finance, and admin saw a steep decline in salaries. With more
companies prioritising cost-efficiency, senior staff members experienced
the highest pay cuts in 2020 while those in junior-mid level roles like
supervisor or specialist saw their salaries levels plateau. However, critical
corporate skill sets like contract management, regulatory expertise,
fundraising, and procurement remain highly sought after.
RGF Salary Watch: India 25

Hot Jobs Projected increment % when switching jobs

Supply Chain Director


Skills in demand:
Supply and demand planning, international
sourcing, category management +17%

Chief Financial Legal and Compliance


Officer Director
Skills in demand: +17% Skills in demand:
Fundraising, treasury,
internal controls, +16% Contract management,
mergers and acquisitions,
taxation
regulatory expertise

+15%
Chief Human Resources Officer
Skills in demand:
Human resources generalist, strategic human
resources management, Diversity & Inclusion

* All figures are projections based on data collected from RGF’s database by Dec 2020
26 RGF Salary Watch: India

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN INR)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 93 265 6,800 19,000

CHRO 20+ Large Local/Global MNC HQ 77 190 5,800 15,000

SME 60 115 4,100 8,900

Global MNC 90 165 7,000 11,000


HR
Director 15-20 Large Local/Global MNC HQ 62 135 5,000 9,500

SME 61 120 4,000 8,000

Manager 10-15 Global MNC 75 95 5,500 7,000

Supervisor 5-10 Global MNC 35 55 2,500 4,000

Global MNC 125 275 8,500 19,200

CFO 20+ Large Local/Global MNC HQ 120 275 9,000 19,000

SME 75 200 6,000 14,500


Finance & Global MNC 110 200 8,000 14,500
Accounting
Director 15-20 Large Local/Global MNC HQ 95 210 7,000 15,000

SME 55 135 4,000 9,700

Manager 10-15 Global MNC 70 100 5,000 7,300

Global MNC 110 249 7,800 18,200


General
20+ Large Local/Global MNC HQ 80 168 6,000 12,300
Counsel
SME 65 135 5,000 9,800

Global MNC 97 165 7,000 12,200


Legal &
Director 15-20 Large Local/Global MNC HQ 81 141 6,000 10,300
Compliance
SME 55 137 4,000 10,000

Manager 10-15 Global MNC 28 64 2,000 4,700

Supervisor 5-10 Global MNC 13 36 1,000 2,600

Specialist 3-5 Global MNC 8 14 500 1,000

Global MNC 110 212 8,000 15,500

Director 15-20 Large Local/Global MNC HQ 95 170 7,000 12,400

SME 80 166 6,000 12,100


Supply Chain
Manager 10-15 Global MNC 61 111 4,000 8,100

Supervisor 5-10 Global MNC 40 69 3,000 5,050

Specialist 3-5 Global MNC 20 42 1,500 3,050

Global MNC 95 210 6,500 15,300


General
Affairs, Admin Director 15-20 Large Local/Global MNC HQ 80 140 6,000 10,200
& Secretary
SME 65 134 4,500 9,800
RGF Salary Watch: India 27

About RGF
As the global brand of the Recruit Group, RGF, abbreviated from Recruit Global Family, is committed to
delivering total human resource solutions of superior quality so individuals and companies of all sizes realize
their full potential. We provide a one stop solution for every talent need, from C suite and senior business
leaders to staff level roles. With three service brands, RGF International Recruitment is the leading recruitment
service provider in Asia and provides a wide range of recruitment solutions across 18 cities. We deliver strong
cross border recruitment solutions at all levels and across all industries and functions.

20+ 10K+ 18
Years of History Placements per Year Cities in Asia
Specialized consultants We find the best talent To support your regional
across all industry sectors recruitment needs
and job functions

Brand and Services


RGF Executive Search
Focuses on senior executives to middle management
search in order to fulfil organisational goals, strategic
planning development and overall decision making that
affects the entire business organization.
Senior
Executives

RGF Professional Recruitment


Hires of managerial and specialist positions who are
essential to the real work of the business dealing with
the people, customers and teams driving the business
cross-functionally. They can also be considered
Middle developmental candidates for executive senior
Managers leadership positions.
& Specialists

RGF HR Agent
Fills a range of managerial, specialist and staff
positions at Japanese companies that require
Japanese language skills. Draws on a deep
Staff understanding of Japanese companies with a vast
database of Japanese-speaking personnel to find the
best candidates.
28 RGF Salary Watch: India

www.rgf-hr.com

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