New Delhi:
Annual base salaries in India across levels are the lowest in the Asia
Pacific region, says a survey. Willis Towers Watson today also said that
China's base salaries across all job grades are higher than in India by
64-100 per cent.
The annual base salaries in India are the "lowest in the Asia Pacific
(APAC) region and significantly lower than China", it said.
The findings are based on a survey that covered over 5,500 companies
in the APAC region and around 313 firms from India participated. In the
APAC region, entry-level salaries for white-collar professionals are
among the lowest in India and the Philippines at an average annual base
salary of around USD 11,000.
Their peers in China receive almost twice as much, The survey said.
"At approximately USD 66,000, India offers the lowest average annual
base salary across the region, which is almost half that of China," it
added. In terms of highest paying countries, Australia tops at entry and
mid-management levels while Singapore is on top when it comes to senior
and top management positions.
"China salaries are notably higher across levels as compared to India
- 81 per cent higher at entry-level, 84 per cent at mid-level, double
at senior level and 64 per cent at top management level," it noted.
Sambhav Rakyan, Data Services Practice Leader, Asia Pacific at Willis
Towers Watson said that a young and tech-savvy workforce as well as
comparatively lower salaries, especially at the entry level, augur well
for India's quest to emerge as a top manufacturing destination.
These factors, combined with a focus on skilling, could give India an
advantage in comparison to China, where an ageing population and
shrinking workforce mean salaries would remain higher, he added. Willis
Towers Watson offers global advisory, broking and solutions.