Feb 19, 2007

HR a hot salary sector in India

According to a graphic posted by AK Menon on his blog amongst the hot salary sectors in India, HR and Marketing are the functions while the others are industry specific sectors of ITES, IT and Banking. I guess HR and Marketing professionals working in these sectors are the luckiest folks :-)

Out of the 45 countries included in the survey, the five highest real wage increases for 2007 are all expected to occur in Asia. Indian workers are set to receive the highest increases, with companies forecasting annual salary increases of 12%, resulting in real wage increases of 7% once inflation has been taken into consideration.

The talent shortage in many Asian economies is most manifest at senior management levels, so it is at this level where the most significant salary increases are occurring, leading to a widening gap between junior and senior management salaries in some locations.

Previous Posts on HR Talent in India:
Talent shortage in HR in India?
The war for talent in India
More on HR talent shortage
The coming crunch for HR Talent