According to a report titled “Jobs and Salary Primer Report” released by Team Lease Services for the financial year 2022-23, Bangalore, Mumbai, Chennai, Delhi, and Hyderabad are the highest paying cities in India. Particularly, Bangalore is known as the IT capital of the country, which explains why it tops the list. Although there has been a slight decline in overall pay growth, with a 3.20 to 10.19 percent increase in salaries across various departments, the pay gap between permanent and temporary employees has been 5 percent in over 41 percent of jobs. Sales and IT fields are in high demand, with salaries in the banking, financial services, and insurance sectors having fallen sharply this year. Conversely, the finance, banking, and insurance sectors have been providing various types of employment opportunities. Notably, the average salary in the telecom sector has also seen a decline, with a 10.19 percent increase in the role of a relationship manager in the communication sector being the highest paid job in Bangalore. Finally, hospitality, automobile and allied industries, e-commerce, tech start-up companies, and media & entertainment have seen a slight decline in salaries.
Bangalore: Bangalore tops the list of highest paying cities in the country. Similarly, Mumbai, Chennai, Delhi and Hyderabad are the highest paying cities.
Bangalore is known as the IT capital of India. IT companies are concentrated in Bangalore to such an extent. Bangalore tops the list of highest paying cities in the country.
This information was given in a statement released by the employees’ union, Team Lease Services. Team Lease Services has released a report titled ‘Jobs and Salary Primer Report’ for the financial year 2022-23. It states:-
It is 3.20 percent to 10.19 percent in terms of salary increase including various departments. This is slightly less than last year. Although there has been a slight decline in terms of overall pay growth i.e. increases, in over 41 percent of jobs, the pay gap between permanent and temporary employees has been only 5 percent.
Sales and IT fields are in high demand. Similarly, Bangalore, Mumbai, Chennai, Delhi and Hyderabad are the highest paying cities. As far as Bangalore is concerned, there has been a growth of 7.79 percent compared to last year.
Meanwhile, salaries in the banking, financial services and insurance sectors have fallen sharply this year. Having seen steady growth in the last two years, these sectors have gained momentum in the current financial year. The finance, banking and insurance sector has been leading the way in providing various types of employment opportunities despite the decline in wages.
The average salary in the telecom sector has also seen a decline. However, a 10.19 percent increase in the role of relationship manager in the communication sector has been given in Bangalore. This has made it one of the highest paying jobs in the market. Since then the game developer job in the media and entertainment industry has been given a lot of hype.
Meanwhile, hospitality, automobile and allied industries, e-commerce, tech start-up companies and media & entertainment have seen a slight decline.