India Salary Guide 2006

CHENNAI: Kelly Services India today announced the release of its first Salary

guide for India. The 2006 Salary guide gives a complete insight of current trend

in the salaries structure in various industries and organizations. Brisk

recruitment by organizations will continue for the rest of 2006 but there is

increasingly unmatched demand for emerging skill sets, according to the India

Salary Guide 2006 released by Kelly Services today.

Based on the information and trend data collected from the specialized

operation units, and experience, from the dealings with the clients, both local

and MNCs, Kelly Services, the global provider of staffing services and

solutions, said that with a major boost in construction and manufacturing, high

automobiles sales, and higher consumer spending, the overall recruitment outlook

has been very encouraging. This has been reflected in the salaries and demand

for talent.

The Kelly Services 2006 Salary Guide showed that there is a strong demand in

the banking industry for entry-level positions. The Call Centre industry is

showing a greater employee churn and calling for organizations in this business

sector to use attractive means to retain talent.

Based on the findings of the latest India Salary Guide 2006, with the splurge

of malls, residential areas and corporate offices across the country, there has

been a major rise in the demand of managers, officers, engineers and

technicians.

IT, ITES, Telecom, Pharma is leading the pack when it comes to high salaries

and instant job offers going through. The majority of companies in these sectors

are in expanding mode and they need talent to support this expansion.

"India reported the highest average salary increase at 13.9 percent, and

employees in the Indian IT-enabled industry received the highest increase across

all five groups surveyed at 17.9 percent. This increase is of no surprise and is

the highest in India compared to rest of the Asia region since there has been

heavy investment in India from global companies." said Achal Khanna,

Country General Manager, Kelly Services for India.

She added, “India still maintains the competitive advantage for providing,

the combination of the most cost-effective and high quality manpower".

"Given the current economic climate, companies need to pay added

attention to their existing salary packages and compensation benefits because it

will make a key difference in retaining good talent," she added.

Kelly Services' 2006 Salary Guide studied 140 positions from entry-level to

senior positions. The guide visited the traditional mainstay sectors like

Banking, Call

Centre, Engineering and Technical, Finance, Human Resources,

Information Technology, Logistics and Warehousing, Office Support and Sales

/Marketing /Advertising.

Achal said: "This survey is a good barometer for both employees and

employers about where the job prospects are in India in the coming months. As a

leading staffing services company in India, we are able to source for

information from key human resources decision makers and uncover these

trends".

"The survey is also a useful indicator to the market in so far as

prospective employees can learn skill sets that would be useful to other sectors

of the economy. At Kelly Services, we see this survey as one of the key tools

for employers to attract and retain talent, which is the lifeline of any

economy", she said.

Some of the key findings of the guide include:

· Banking & Finance: The banking industry is seeing great demand in the

entry-level positions. Bulk hiring is expected to continue for the next six to

12 months. There is a very high demand for experienced professionals to manage

the wealth of high net-worth individuals as well as retail investors. Also, the

hiring for niche back-end and operational positions continues to increase.

· Call Centers: There is a huge requirement for experienced and

English-speaking work force in the Call Centre industry which is resulting in

greater employee churn, forcing companies to use attractive means to retain

their talent

· Engineering & Technical: Overall, the employment prospects lie in Real

Estate, Manufacturing, Automotive and, Heavy Engineering. With demand exceeding

supply, competition for talent is even more significant in 2006 compared with

last year. Hence, employee retention is becoming a critical issue.

· Information Technology: India's software companies are expected to create

2.3 million jobs by 2010 and an additional 6.5 million indirectly. With huge

demand in the offering, salaries are bound to go north. With various

multinational and Indian organizations on major hiring spree, it will be talent,

which will be in shortage. And the salaries, perks and incentives can

substantially rise up to 13-14%.

Kelly Services, Inc. is a Fortune 500 global company with 60 years experience

in offering staffing solutions that include temporary staffing services, staff

leasing, outsourcing, vendor on-site and full-time placement. Kelly owns and

operates a network of offices across Asia Pacific, Europe and Americas. Kelly

provides employment to more than 700,000 employees annually, with skills

including office services, accounting, sales, customer service, engineering,

information technology, law, science, marketing, light industrial, education,

health care and home care. Revenue in 2005 was $5.3 billion.

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