Gurgaon, 26th January 2024: Adecco proudly announces the launch of the 2024 Salary Guide, spotlighting India’s talent economy’s resilience and growth amidst a year of uncertainties and remarkable achievements. Our comprehensive report unveils pivotal trends shaping the workforce landscape, from heightened competition for top talent to the crucial emphasis on upskilling and reskilling. As organizations navigate these challenges, our aim is to equip them with invaluable insights.
Karthikeyan Kesavan, Director & Head of Permanent Recruitment, Adecco India, remarked, “We reaffirm our commitment to fostering sustainable talent management strategies that propel organizational success. The guide not only illuminates salary trends but also underscores the shifting priorities of Indian workers, emphasizing factors like meaningful work, career growth, company culture, and work-life balance.”
Key Highlights Include:
Average Salary Increase When Switching Jobs: Professionals across various sectors can expect substantial salary hikes ranging from 15% to 40%.
Shift in Worker Priorities: Beyond salary, factors such as meaningful work and work-life balance are gaining prominence.
Compensation and Benefits: 67% of respondents cite compensation and benefits as the top factor influencing talent movement, underlining the significance of competitive packages.
Specialized Roles and Skills: Demand is high for specialized roles like analytics, automation, cybersecurity, and digital marketing.
Sectors with Significant Salary Increases: AI, Digital Technology, Finance, Human Resources, Legal, CS, and Sales & Marketing are poised for notable salary hikes.
Appraisal Percentage Ranges: Sectors like Electric Vehicles (EV), AI, and Consulting anticipate maximum appraisal percentages ranging from 10% to 15%.
Focus on Emerging Technologies: There’s a growing demand for professionals skilled in AI, machine learning, cloud computing, and cybersecurity.
Sectoral Overview: A comprehensive look at salary trends and hiring intent across ITES, consulting, engineering, electric vehicles, FMCG, healthcare, IT, and manufacturing.
Future Outlook: Significant salary hikes expected across sectors like Manufacturing, Electric Vehicles (EV), Engineering, and GCC, particularly for niche roles and top performers.
Kesavan added, “As the job market evolves, organizations must stay competitive in attracting and retaining top talent. In 2024, technological transformations will reshape workplaces, demanding new leadership skills and fostering innovation. Adecco remains committed to supporting organizations and professionals in navigating these changes effectively.”
About The Adecco Group
Adecco India is one of the leading staffing and recruitment solutions providers in India, offering a broad range of tailored solutions to employers and flexible working opportunities for job seekers. With a strong presence and deep understanding of the Indian job market, we specialize in temporary staffing, permanent placement, outsourcing, and consulting services. As a trusted partner for businesses and individuals alike, we believe in skills focused to connect talents with rewarding opportunities, while helping organizations build and optimize their workforce for long-term success. When it comes to recruiting talent, diversity, and inclusion are binding principles for us. We see inclusion not only as a business model that addresses talent scarcity and brings long-term economic benefits but also as a responsibility toward society. We currently have over 900 employees working for us in various Adecco offices throughout the country, and over 35.000 associates placed with business clients in India.
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