1、www.india.rgf-RGFSalary Watch 2024IndiaSachin KulshresthaManaging DirectorRGF Professioinal Recruitment India2023 has been a challenging year both domestically in India and on a global scale.In India,we observed modest growth in hiring within non-IT sectors in 2023 as compared to the IT sector.While

2、 there were some movement within Indian IT companies,overall,the whole IT sector continued to be significantly impacted pulling the overall employment index down.Looking ahead to 2024,we anticipate a year marked by cautious yet optimistic growth.Salaries are expected to increase year on year and opp

3、ortunities for growth can be witnessed in the non-tech industries,especially the Renewable and Manufacturing sectors.This shift in hiring trend underscores the changing dynamics of our economic landscape,highlight-ing opportunities for growth beyond traditional IT domains.With the increase in adopti

4、on of renewable energy and as Indias Manufacturing sector embraces AI technologies and IoT-driven processes,there has been a heightened demand for skilled professionals leading to an increase in salaries for such talent.With the gradual recovery of the Indian economy and the rise of mobile commerce,

5、there has also been an upward trend for talent in the Consumer industry.Similarly,the ongoing digitalisation of businesses,talent with skills in data analytics and Data Science have increased in demand,driving salaries up.Despite these positive indicators,hiring remain-ing cautious.With the upcoming

6、 political elections,businesses have adopted a prudent approach as they are uncertain of the potential ramifications on economic policies and market sentiments.Consequently,hiring efforts are primarily focused on leadership and manage-ment positions rather than expanding the workforce at large.We an

7、ticipate hiring activi-ties to increase in the 2nd half of 2024,post-elections.In this report,we will do a deep-dive into these trends and more in Indias salary landscape,examining developments in Industrial Manufac-turing;Consumer Goods;Healthcare;Corpo-rate Services;and Technology.We hope the insi

8、ghts will help steer you towards better hiring and employment decisions,and an overall more meaningful professional life this year.Seizing OpportunitiesNavigating Indias changing job marketing with agilitytable of contentsAbout the Report0301About RGF2803Job Market Trends&Salary Data04-2702Industria

9、l ManufacturingConsumer GoodsHealthcare&Life ScienceCorporate ServicesTechnology&Digital0409141923About the ReportRGFs Salary Watch:India report aims to shed light on salary trends and data across all industries and job levels in India.This report is based on RGF-owned talent pool covering close to

10、180,000 candidates,with data collection conducted from January 2023 to January 2024.The definition of annual basic salary used throughout this report does not include allowances,stocks,bonuses,or any other additional benefits.Due to the real-time nature of some of this data,RGF encourages readers to

11、 use these insights at their discretion.Salary Watch03INDUSTRIALAs Indias Industrial sector embraces other emerging themes such as AI technologies,IoT-driven processes and Industry 4.04,salaries have increased due to the height-ened demand for R&D,Technology,AI,Cloud,Data and Innovation functions.In

12、dias manufacturing sector plays a pivotal role,contributing approximately 17%to the countrys GDP1.Since August 2023,the industry has experienced robust growth,marked by an uptick in employment.The positive trend is due to the large increase in foreign direct investments(FDI)into India from manufactu

13、ring firms2.Some key industries which are poised to attract foreign investors include renewable energy,electric vehicles(EVs)and automo-biles.The adoption of EVs in India has witnessed a steady rise,with sales increasing by 157%from FY2022 to FY20233.This surge in demand has led to a heightened dema

14、nd for skilled professionals in the Manufacturing,Production and Operations functions.There has also been a notable talent gap in the Battery Energy Storage,Green Hydrogen(R&D)and Electric Vehicle(R&D)roles.In tandem with this growth,sustainability andEnvironmental,Social and Governance(ESG)consider

15、ations have become para-mount for organizations and manufacturing enterprises.As a result,Green tech skills are expected to significantly influence hiring decisions for key roles in 2024.041.2.3.4.https:/ SECTORKEY SALARY FIGURESBY SECTORHOT JOBSAverage salary increase receivedby employeesAverage sa

16、lary increase employersare expected to offerPercentage increase from2023 to 2024+10%Percentage increase from2023 to 2024+10%Percentage increase from2023 to 2024+10%Senior ManagementDecision Making,Leadership,Strategic.Most in-demand skills:R&DAnalytical Skills,Legal Expertise,Problem Solv-ing Skills

17、.Most in-demand skills:Percentage increase from2023 to 2024+10%Manufacturing,Production&OperationTechnical Skills,Financial Acumen,Problem Solving.Most in-demand skills:Application EngineeringTechnical Knowledge,Project Management,De-velopment Skills.Most in-demand skills:0512%11%BY SECTORHOT JOBS06

18、Percentage increase from2023 to 2024+9%Quality ManagementStatistical Knowledge,Technical Skills,Problem Solving.Most in-demand skills:Percentage increase from2023 to 2024+10%Project ManagementBudget Creation,Risk Management,Analytical Skills.Most in-demand skills:Percentage increase from2023 to 2024

19、+10%Sales&MarketingBusiness Acumen,Negotiation Skills,Communication Skills.Most in-demand skills:07INDUSTRIALPositionWorkingExperience(yrs.)Company Type42,80028,30021,10028,60021,30021,30025,40021,20014,20021,10014,10011,20011,2009,9009,9008,5008,4006,300Global MNCLarge Local/Global MNC HQSMEGlobal

20、MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME20+15-2015-20CEO/PresidentGMVPMINMAXSenior Management*Salary Definition:Annual Basic Salary(not including allowance,stock,bonus etc.)PositionWorkingExperience(yrs.)Company Type19,80017,00012,1005,0002,8004,3002,8002,6002,2001,6001,

21、5001,5006,3006,2004,9002,1001,6001,7002,0001,7001,300800700700Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-103-5DirectorManagerSupervisorEngineerMINMAXR&DPositionWorkingExperience(y

22、rs.)Company Type14,20014,2008,5005,7003,6002,5003,6002,5001,7001,7001,4008008,5008,5006,4004,3002,8001,7002,4001,7001,1001,100700400Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-158-103-

23、5DirectorManagerSupervisorEngineerMINMAXManufacturing,Production&OperationPositionWorkingExperience(yrs.)Company Type11,3009,9008,5003,6002,8002,3001,4001,4001,1008,5007,0006,3002,1001,7001,4001,0001,000700Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Lo

24、cal/Global MNC HQSME15-2010-153-5DirectorManagerEngineerMINMAXApplication EngineeringRGF 2024 SALARY WATCH DATA:INDIAINR(Unit:1,000)08PositionWorkingExperience(yrs.)Company Type14,10012,7009,2005,7003,5002,6003,5002,4001,7001,7001,4008009,9008,5006,3004,2002,4001,7002,4001,7001,1001,100700400Global

25、MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-103-5DirectorManagerSupervisorEngineerMINMAXQuality ManagementPositionWorkingExperience(yrs.)Company Type7,1005,7004,9003,6002,6002,1001,2001,1

26、003,6002,8002,5002,1001,7001,400900700Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQ15-2010-153-5DirectorManager EngineerMINMAXProject ManagementMarketingManagerMarketingDirectorPositionWorkingExperience(yrs.)Company Type11,3009,9009,2

27、005,7005,2004,5006,3005,9005,0003,1002,8002,70012,70011,3009,2006,5005,7004,5005,2004,8005,3003,5003,1002,5004,2003,8003,1002,4002,1001,7008,4007,0005,7003,6003,1002,500Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge L

28、ocal/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-1510-155-1015-2010-15MINMAXSales&MarketingSales DirectorSales ManagerAccountManagerrBusinessDevelopmentManager*Salary Definition:Annual Basic Salary(not including allowance,stock,bonus etc.)INDUS

29、TRIALRGF 2024 SALARY WATCH DATA:INDIAINR(Unit:1,000)CONSUMERGOODShttps:/ Goods industry especially in the e-commerce sector,is high in demand.In addition,roles in Digital Marketing and Digi-tal Transformation as well as Data Analytics and Data Science have increased in demand.The Consumer Goods indu

30、stry is expected to be optimistic as consumers confidence surpasses pre-Covid levels,propelling it to become the worlds 3rd largest by 2027 amidst a rise in middle to high-income household rise1.Projected growth in household spending,fueled by the recovery of the Indian economy and supported by inte

31、rnational tourism,adds to the industrys positive trajectory2.The COVID-19 pandem-ic expedited the shift to online shopping,with e-commerce expected to contribute 10.7%by 2024,dominated by mobile commerce,accounting for over 70%of sales3.This surge has led to an upward trend in salaries the Consumer

32、industry.091.2.3.4.5.As the landscape becomes more competi-tive,businesses are strategically employing Artificial Intelligence(AI)to enhance the online shopping experience through personalized product recommendations4.Indias substantial youth population plays a pivotal role in driving consumer spend

33、ing,particularly on electronics5.The surge in demand for affordable smartphones is attributed to increasing internet penetration and digital literacy.The market is forecasted to achieve an annual growth rate of 5.78%,from 2023-2028,reflecting the positive outlook.With such promising prospects,BY SEC

34、TORKEY SALARY FIGURESBY SECTORHOT JOBSAverage salary increase receivedby employeesAverage salary increase employersare expected to offer20232022202310%10%Percentage increase from2023 to 2024+9%Percentage increase from2023 to 2024+17%Senior ManagementP&L Management,Stakeholder engagement and c-suite

35、communication,Strong commercial awareness and decision-making ability.Most in-demand skills:Sales&Business DevelopmentCommercial awareness,Client management,Stakeholder management,Business scale.Most in-demand skills:Percentage increase from2023 to 2024+16%Business Strategy&CommercialBusiness awaren

36、ess,Market&competitor trends,process excellence.Most in-demand skills:Percentage increase from2023 to 2024+17%E-commerceExperience in digital products,scaling and pro-cess improvement.Most in-demand skills:109%BY SECTORHOT JOBS11Percentage increase from2023 to 2024+16%CRM&Account ManagementLead mana

37、gement,account management and farming.Most in-demand skills:Percentage increase from2023 to 2024+17%DigitalizationTools knowledge,product journey,implementation,and business value.Most in-demand skills:Percentage increase from2023 to 2024+16%Marketing&BrandingCategory experience,Strategy and P&L man

38、agement,campaign management.Most in-demand skills:CONSUMER GOODS12PositionWorkingExperience(yrs.)Company Type62,00041,00015,50028,60011,5508,97035,65024,1509,54515,60010,9009,00030,00017,5009,00018,9008,1905,50016,83011,3306,7108,6007,9005,000Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Loc

39、al/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME20+20+20+15-20CEO/PresidentCXOBU HeadVP/GMMINMAXSenior ManagementPositionWorkingExperience(yrs.)Company Type24,80019,10012,1008,3007,2004,5004,1004,0002,50017,90012,1009,1004,2003,9001,8002,4001,8001,200Gl

40、obal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-10DirectorManagerSupervisor MINMAXBusiness Strategy&CommercialPositionWorkingExperience(yrs.)Company Type42,70029,00022,1009,5008,8007,1005,7004,9003,00028,70011,6009,8006,4005

41、,9003,5004,0002,9002,100Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-1015-208-105-8MINMAXE-commercePositionWorkingExperience(yrs.)Company Type31,50023,40019,9009,2008,1005,9004,7004,1003,00020,80018,20011,5005,7004,8003

42、,6003,0002,6001,700Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-10MINMAXSales&Business DevelopmentDirector/HeadManager/Senior ManagerSupervisor*Salary Definition:Annual Basic Salary(not including allowance,stock,bonus e

43、tc.)RGF 2024 SALARY WATCH DATA:INDIAINR(Unit:1,000)13PositionWorkingExperience(yrs.)Company Type5,3004,0002,7003,9002,6001,7003,4002,7001,6002,4001,600900Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME10-155-8ManagerSupervisor MINMAXCRM&Account managementPositionWorkingE

44、xperience(yrs.)Company Type29,00020,50013,60010,6007,3004,0006,6003,8001,90019,40012,3009,3007,3005,4003,0003,6002,4001,200Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-10DirectorManagerSupervisor MINMAXMarketing&Brandin

45、gPositionWorkingExperience(yrs.)Company Type49,30037,30024,8008,6005,8003,6004,3003,6001,70030,40018,30011,8005,1003,8002,5002,5001,9001,100Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-10DirectorManagerSupervisor MINMAX

46、Digitalization*Salary Definition:Annual Basic Salary(not including allowance,stock,bonus etc.)CONSUMER GOODSRGF 2024 SALARY WATCH DATA:INDIAINR(Unit:1,000)HEALTHCARE&LIFE SCIENCEhttps:/www.investindia.gov.in/team-india-blogs/healthcare-life-sciences-investment-wic-wellnesshttps:/ the utilization of

47、wearables to empower patients to actively manage their health2.This transformative approach is poised to revolutionize patient care and healthcare business models,from reactive to preventive healthcare3.The synergy of these technological advance-ments and the strategic initiatives within the Healthc

48、are&Life Sciences positions India at the forefront of global healthcare innovation.The Indian Pharmaceutical industry stands as a global leader in the production of cost-effective generic medicines and vaccines.Currently ranked 3rd globally in terms of volume and 13th in value,its trajectory towards

49、 significant expansion is fueled by transformative initiatives,including the National Digital Health Mission and National Health Policy.The landscape is further shaped by Innovative advancements in AI,IoT,big data analytics have also revolutionized drug development,patient care and operational effic

50、iency1.Major pharmaceutical organizations in India have also demonstrated their commitment to research and development,strategically leveraging on innovative technology.In this dynamic environment,the demand for Production&Operations talent are high as they play a pivotal role in streamlining proces

51、ses and enhancing efficiency in healthcare operations.Similarly,the need for Quality Control and Regulatory talent is imperative to ensure strict adherence.However,there seems to a be a notable talent gap in roles such as R&D,B2B Sales for Pharma Contract Manufacturing compa-nies and regulatory role

52、s.This has resulted in increased salaries for R&D,Regulatory Affairs and Technology&AI.The integration of IoT and telemedicine has significantly contributed to accessible 141.2.3.https:/ SECTORKEY SALARY FIGURESBY SECTORHOT JOBSAverage salary increase receivedby employeesAverage salary increase empl

53、oyersare expected to offer202220236%12%Percentage increase from2023 to 2024+6%Percentage increase from2023 to 2024+14%Percentage increase from2023 to 2024+13%Senior Management/General managementAnalytical DevelopmentR&D,Sales planning&forecasting,Production Planning.Most in-demand skills:R&DAnalytic

54、al DevelopmentR&D,New product development,Technology Transfer.Most in-demand skills:Percentage increase from2023 to 2024+11%Quality DirectorQuality Control and Quality Assurance.Most in-demand skills:Production&Operations DirectorAnalytical DevelopmentR&D,Sales planning&forecasting,Production Planni

55、ng.Most in-demand skills:15202313%BY SECTORHOT JOBS16Percentage increase from2023 to 2024+11%Regulatory AffairsProduct registration,Filing of amendments and updates to Regulatory Agencies,CTD/eCTD filing DMF and Amendments for USFDA,TGA.Most in-demand skills:Percentage increase from2023 to 2024+13%S

56、ales&MarketingSales planning&forecasting,Managing Product Life Cycle,Digital Marketing.Most in-demand skills:17HEALTHCARE&LIFE SCIENCEPositionWorkingExperience(yrs.)Company Type21,20019,50015,8009,4007,7008,8005,3004,7004,60016,70012,90011,2007,8005,8005,7004,0003,6002,900Global MNCLarge Local/Globa

57、l MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-10DirectorManagerResearcherMINMAXR&DPositionWorkingExperience(yrs.)Company Type16,70014,90013,8006,2006,3005,5002,7002,70014,90010,50010,4005,6005,6004,8002,5002,500Global MNCLarge Local/Global MNC HQS

58、MEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQ15-2010-155-10MINMAXRegulatory AffairsDirectorManagerNon-management*Salary Definition:Annual Basic Salary(not including allowance,stock,bonus etc.)PositionWorkingExperience(yrs.)Company Type30,70026,30013,60022,00017,60014,10

59、016,80014,00012,70015,00014,10010,40017,00014,20012,40019,10015,3009,90013,70013,4009,20012,40011,0007,7009,90010,4007,80012,80010,8008,100Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MN

60、CLarge Local/Global MNC HQSME20+20+20+15-2015-20CEO/PresidentCXOBU HeadGMVPMINMAXSenior Management/General ManagementPositionWorkingExperience(yrs.)Company Type17,00016,60014,60014,40014,1009,400Global MNCLarge Local/Global MNC HQSME15-20MINMAXProduction&OperationsDirectorPositionWorkingExperience(y

61、rs.)Company Type19,00013,30013,90014,90010,5007,700Global MNCLarge Local/Global MNC HQSME15-20MINMAXQualityDirectorRGF 2024 SALARY WATCH DATA:INDIAINR(Unit:1,000)18PositionWorkingExperience(yrs.)Company Type17,30014,70013,6008,6007,2007,0006,2005,8004,40014,40010,50010,5005,8005,1004,1004,3004,0003,

62、400Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2015-2010-15MINMAXSales&MarketingSalesDirectorMarketingDirectorMarketingManager*Salary Definition:Annual Basic Salary(not including allowance,stock,bonus etc.)HEALTHCARE&LIFE SCIEN

63、CERGF 2024 SALARY WATCH DATA:INDIAINR(Unit:1,000)CORPORATESERVICESThe Accounting and Finance function is also undergoing evolution,particularly in new and growing areas of auditing,such as Carbon and Environmental,Social and Governance and Carbon accounting.The adoption of technology for enhanced pr

64、oductivity has become a focal point3.Consequently,there is a growing demand for Finance&Accounting professionals equipped with relevant skill sets,particularly in analytics and sustainability reporting.The outlook for Corporate Services appears promising,with an anticipated compound annual growth ra

65、te(CAGR 2023-2028)of 9.70%.This growth trajectory is poised to culminate in a market volume of US$1.43 billion by 2028.The optimism stems from the countrys robust tech talent pool and cost-effectiveness1.In the last decade,the Indian logistics and supply chain sector has undergone signifi-cant trans

66、formations.Advancements in warehouse management systems(WMS)and the use of Robotic Process Automation(RPA),AI and IoT for inventory management have played pivotal roles.Technological advancements in e-commerce,globalization and an increasing focus on sustainability have also driven the Supply Chain

67、functions to swiftly innovate,positioning the sector as high-impact.Projections estimate the Indian logistics market to grow to about$380 billion by 20252.Likewise,the Human Resources function has experienced disruption through HR tech,enhancing the precision and efficiency of hiring,onboarding and

68、employee experi-ence.This shift has sparked a heightened demand for HR professionals proficient in leveraging AI effectively and HRBPs to support the Sales or Manufacturing func-tions.191.2.3.https:/ SECTORKEY SALARY FIGURESBY SECTORHOT JOBSAverage salary increase receivedby employeesAverage salary

69、increase employersare expected to offer202220233%13%Percentage increase from2023 to 2024+11%Percentage increase from2023 to 2024+12%Finance&AccountingP&L,Finance planning&Forecasting,Financial Accounting,Preparing Financial statement.Most in-demand skills:Legal&ComplianceData privacy,Litigation;Comp

70、liance&legal.Most in-demand skills:Percentage increase from2023 to 2024+10%Human ResourcesHR Strategy,Business Partnering,Learning&Development,Performance Management.Most in-demand skills:Percentage increase from2023 to 2024+12%Supply ChainLogistics,Inventory management,Purchase management.Most in-d

71、emand skills:20202311%BY SECTORHOT JOBS21Percentage increase from2023 to 2024+12%General Affairs,Admin&SecretaryLogistics,Inventory management,Purchase management.Most in-demand skills:22CORPORATE SERVICESPositionWorkingExperience(yrs.)Company Type18,80015,40014,60010,3006,3003,8009,7008,6007,1004,9

72、003,7001,800Global MNCLarge Local/Global MNC HQSMEGlobal MNCGlobal MNCGlobal MNC15-2010-155-103-5DirectorManagerSupervisor SpecialistMINMAXSupply Chain*Salary Definition:Annual Basic Salary(not including allowance,stock,bonus etc.)PositionWorkingExperience(yrs.)Company Type23,20018,20010,80013,40011

73、,8009,8009,0005,3008,3006,9004,9008,4005,9004,7007,0003,300Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCGlobal MNC20+15-2010-155-10 CHRO Director ManagerSupervisor MINMAXHRPositionWorkingExperience(yrs.)Company Type23,60023,70017,90017,80018,20012,2008,80010,

74、30011,0007,3009,5008,5004,9006,000Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNC20+15-2010-15 CFO Director ManagerMINMAXFinance&AccountingPositionWorkingExperience(yrs.)Company Type18,00012,00011,5007,6007,1005,200Global MNCLarge Local/Global MNC HQSME15-20Dir

75、ectorMINMAXGeneral Affairs,Admin&SecretaryPositionWorkingExperience(yrs.)Company Type21,80014,70011,60014,50012,40011,8005,8003,3001,3009,2007,2005,9008,2007,1004,6002,4001,200600Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCGlobal MNCGlobal MNCGeneral Counsel

76、DirectorManagerSupervisor Specialist20+15-2010-155-103-5MINMAXLegal&Compliance RGF 2024 SALARY WATCH DATA:INDIAINR(Unit:1,000)The Indian IT industry has contributed significantly to the countrys GDP and it has been a major source of employment.The IT industry is expected to see moderate revenue grow

77、th of 3 to 5 per cent in FY2024,lower than the 9.2 per cent(YOY)growth in FY20231.However,it is expected to reach USD350 billion by 2025,driven by factors such as the increasing adoption of digital technologies,the increasing demand for IT services and solutions as well as the governments initiative

78、s to promote the digital economy2.Some of the emerging trends in the Tech industry includes the use of AI-augmented development which is the use of AI technologies,such as GenAI and machine learning.The demand for skills in Big Data intelligence and Cybersecurity remains robust,including demand for

79、Risk and Security Management related expertise.Overall,salaries in the IT industry are anticipated to rise,albeit at a slower pace as compared to previous years.23TECHNOLOGY&DIGITAL1.2.https:/ SECTORKEY SALARY FIGURESBY SECTORHOT JOBSAverage salary increase receivedby employeesAverage salary increas

80、e employersare expected to offer2022202313%8%24Percentage increase from2023 to 2024+15%Percentage increase from2023 to 2024+14%R&DEdge Connectivity;Cloud Engineering;Internet of Things;Generative AI.Most in-demand skills:Mobile developmentKotlin,Swift,Android/IOS.Most in-demand skills:Percentage inc

81、rease from2023 to 2024+12%Senior ManagementP&L Management;People&Stakeholder Man-agement;Delivery Management;Sales&Solu-tioning.Most in-demand skills:Percentage increase from2023 to 2024+13%AI&Data ScienceMachine learning Algorithm;Natural Lan-guage Process;Deep Learning;Machine learning Algorithm.M

82、ost in-demand skills:202314%BY SECTORHOT JOBS25Percentage increase from2023 to 2024+6%Front end&Back end engineeringJava,Sprint boot,Angular/React.Most in-demand skills:Percentage increase from2023 to 2024+14%Cyber SecurityIdentity&Access Management,Vulnerability Assessment&Penetration Testing,Infor

83、mation Security,Data Protection,Risk Management.Most in-demand skills:Percentage increase from2023 to 2024+14%Big data&Business IntelligenceHadoop,PowerBi/Tableau,Snowflake.Most in-demand skills:Percentage increase from2023 to 2024+12%Software&Hardware developmentDirector:Java,Embedded C,Kernel/Linu

84、x.Manager/Architect:Circuit Design/Simulation,Embedded C,Kernel/Linux.Engineer:FPGA/ASIC,Embedded C,Kernel/LinuxMost in-demand skills:26TECHNOLOGYPositionWorkingExperience(yrs.)Company Type38,40028,00014,50014,20013,70010,60022,00017,00010,40011,30010,3008,600Global MNCLarge Local/Global MNC HQSMEGl

85、obal MNCLarge Local/Global MNC HQSME20+15-20CEO/PresidentVPMINMAXSenior Management*Salary Definition:Annual Basic Salary(not including allowance,stock,bonus etc.)PositionWorkingExperience(yrs.)Company Type13,70011,1009,60011,50010,1009,2004,2503,5002,80010,5008,7007,7009,4008,3005,9002,3502,1002,000

86、Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-10DirectorArchitectEngineerMINMAXR&DPositionWorkingExperience(yrs.)Company Type12,20010,9007,5008,2006,4005,1004,8003,3002,8008,8007,6006,4005,2004,1003,5002,9601,8401,680Glo

87、bal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-10DirectorManager/ArchitectEngineerMINMAXMobile DevelopmentPositionWorkingExperience(yrs.)Company Type20,30017,20014,00010,6008,7006,2004,4504,0003,25010,4809,3008,3006,0005,300

88、4,2002,4502,2501,840Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-10DirectorManager/ArchitectEngineerMINMAXAI and Data ScienceRGF 2024 SALARY WATCH DATA:INDIAINR(Unit:1,000)27*Salary Definition:Annual Basic Salary(not in

89、cluding allowance,stock,bonus etc.)TECHNOLOGYPositionWorkingExperience(yrs.)Company Type12,50010,2007,15010,1008,9006,7505,0003,7002,7508,1007,1006,4005,6004,3003,8403,6002,4501,440Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-20

90、10-155-10DirectorManager/ArchitectEngineerMINMAXBig Data&Business IntelligencePositionWorkingExperience(yrs.)Company Type11,5009,3007,0006,9005,4004,3505,4003,8503,6008,3007,1006,00074,3003,2003,7903,2002,400Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSMEGlobal MNCLarge

91、Local/Global MNC HQSME15-2010-155-10DirectorManager/ArchitectEngineerMINMAXFront End&Back End EngineeringPositionWorkingExperience(yrs.)Company Type13,50010,3007,2007,0004,2003,2003,0002,7202,0009,0008,2005,7003,6002,4501,5501,8001,3501,100Global MNCLarge Local/Global MNC HQSMEGlobal MNCLarge Local/

92、Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-153-5DirectorManager EngineerMINMAXCyber SecurityPositionWorkingExperience(yrs.)Company Type22,35020,20015,00016,80014,10010,1004,0003,3003,20011,00010,5009,4009,0007,9005,7002,1001,7001,400Global MNCLarge Local/Global MNC HQSMEGlobal MNC

93、Large Local/Global MNC HQSMEGlobal MNCLarge Local/Global MNC HQSME15-2010-155-10DirectorManager/ArchitectEngineerMINMAXSoftware&Hardware Development INR(Unit:1,000)RGF 2024 SALARY WATCH DATA:INDIAAbout RGF3 Service Brands Under RGF International RecruitmentAs the global brand of the Recruit Group,Re

94、cruit Global Family(RGF)is committed to delivering total human resource solutions of superior quality so individuals and companies of all sizes realise 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 s

95、ervice brands,RGF International Recruitment is the leading recruit-ment service provider in Asia and provides a wide range of recruitment solutions across 17 cities.We deliver strong cross-border recruitment solutions at all levels and across all industries and functions.Years of History25+Placement

96、s per Year10K+Ofces across Asia17Focuses on senior executives to middle management search in order to fulfil organisational goals,strategic planning development,and overall decision-mak-ing that affects the entire business organisation.RGFExecutive SearchHires of managerial and specialist positions

97、who are essential to the real work of the busi-ness dealing with the people,customers,and teams driving the business cross-functional-ly.They can also be considered developmen-tal candidates for executive senior leadership positions.RGFProfessional RecruitmentFills a range of managerial,specialist,and staff positions at Japanese compa-nies that require Japanese language skills.Draws on a deep understanding of Japanese companies with a vast data-base of Japanese-speaking personnel to find the best candidates.RGFHR Agent28