India Salary Guide 2024 For Companies To Hire Top Talent From India

1. 2 0 2 4 IndiaSalaryGuide Tech&Digital salary benchmarkingreport foremployerstohirefromIndia

2. Aboutthis Guide

3. 2024sets anopportunityforcompaniesto growandevolvetheirrevenuestreamsby primarilyfocusingontheirhiringprocess. In2023,companies,especiallythoseinthetechsector,werebracingthemselvesforpotential challengesanduncertainties,takingproactivemeasurestomitigatepotentialrisksandensure resilienceinthefaceofadversity. Fearsofhyperinflation Lowreturns Uncertaintyaboutthefuture Curbingmarginpressures TechleaderspredictedafullrecessionintheITeconomy,foreseeingmasslayoffs, companyclosures,andasignificantindustryshift. Thestartof2023sawthebiggestwaveoflayoffsinthepastdecade,with150%morelayoffsin the first halfoftheyearversus2022.Withthis,demandforjobsandsupplyfortalentsmaintainedanall-time highgap. Inthelast fiveyears,62.5%ofbusinessesintheUS,UK,andAustralia haveturnedtohiringtalents from India,drivenbyitsprovenbenefits. Why?Indiantalent’sbroadskillsets,globalreadiness,andcost-effectivenessaredifficulttobeat,makingthemthebestoptionforfast-pacedbusinesses.

4. TechLayoffsin2022-2023 Source:layoffs.fyi,2023 Companiesw/Layoffs EmployeesLaidOff 100,000 300 75,000 200 Employees Layoffs 50,000 100 25,000 0 0 JANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNJULAUG 20222023 Time AccordingtoLayoffs.fyi,boththenumberoftechcompanieslettinggoworkersandthenumberof workerslaidoffpeakedinJan.2023,with273enterpriseslayingoffmorethan89,500oftheir employees.Sincethen,boththenumberofcompanieslayingoffemployeesandthenumberofstaff laidofffelleachmonth.ByMay2023,thelastfullmonthofdata,93companiesletgosome14,600 employees,andin July,51companiesreleased4,774staff. Tech LayoffWaveCrashesInto2024 Numberofworkerslaidoff worldwide inthetechsectorsinceJan2022* Companies withthe mostlaid-offemployees Amazon27,840 Afterapeakinthefirstquarterof 2023,thewavesofredundancies hadsubsidedbutitcouldbea projectedissueagainin2024.As perthecrowd-sourceddatafrom 200,000 Meta21,000 Google13,115 theLayoffs.fyiportal,34,000employeeswerelaidofffromtechcompaniesbetweenJanuary1andFebruary13,2024.Thismeansmorepeoplewerefiredhalfwaythroughthecurrentquarterthan infouroftheeightremainingthree-monthperiodssincethestartof2022. 167,534 150,000 HQnotintheU.S.HQintheU.S. 100,000 46,420 50,000 34,250 25,535 22,753 0 Q3’23 Q1’23 Q2’23 Q4’23Jan/Feb ’24

5. TechLayoffsin2022-2024 ReportedLayoffs 312,127 NumberofCompanies 996 Cos.w/>1layoffs 847 Cos. w/1000+layoffs 58 Typesofcompanies laying off (aspertheir strength) 20% 21% 12% 9% 3% 22% 13% 2000+1500-2000500-1500200-50050-20011-500-10 Bootstrappedtechanddigitalcompanieswerefacingdifficultiestomatchtheincreasing salariesofthelocaltalents,andenterprisesoverhiredfortheroles

6. Tech SalaryIncreasein2020-2024 10.21% 11% 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% 10% 9.8% 8.5% 7.5% 2020 2021 2022 2023 2024 (projected) Whilethetechindustryisstillregainingitsfootinginapost-isolationera,itisanobservanttrendthat thesalaryaskhasasignificantyear-on-yeargrowth,witha0.21%projectedincreasein2024. Someofthejobrolesthatsawadipinsalariesincludecloudarchitects/engineers(-15.8%),and productmanagers(-6.7%).Ontheflipside,otherssawsignificantsalarygrowth,suchassystems administrators(+11.2%),software developers(+6.5%),andprogramanalysts/managers(+6.1%). Withthis,anotherpersistentissuethatseemstobeat riseistheglobaltechtalentshortage.As the demandfortechtalentcontinuestorise,thetalentpoolnumbersarefarfromkeepingpace.A whopping75%ofemployersgloballyarereportingtheyarehavingchallengesinfillingroles. Japanishavingtheworsttime,with85%ofemployersreportingdifficulty,followedby Germany,IsraelandGreece. Buteventhecountrieshavingrelativelylessdifficultyarestilloverwhelmingly challenged—with59%ofemployersinAustraliastruggling.IntheU.S.,70%say it’s toughtofindtalent.

7. Snapshot ofcomparativesalarybenchmark oftoptech&digitalroles Experience:5+years (TakingUSDas the commoncurrencyforall the geo-locations) Averagesalary inUS (monthly) Averagesalary inUK(monthly) Averagesalary in AU(monthly) Averagesalary inIndia(monthly) JobTitle ReactJSDeveloper $10,219 $11,201 $8,119 $3120 $12,200 $10,100 $2941 Frontenddeveloper $12,210 $8198 $6,913 $2341 SEOspecialist $7431 $9139 $7510 $2560 Performancemarketer $8430

8. Market Forecast 2024 Talent-warheatsup

9. The pastcoupleofyearssignificantlychangedthehiringlandscape.Recessionsin theUSandEUled to increasedoperational costs,promptingcompaniestocutdowntheir workforceto managetheir expenses.Companiesrespondedbycuttingtheirworkforceandtemporarilyfreezinghiringuntil signsoffinancialrecoveryemerged. Critical skillsfortechfunctions Source:2023globaltechleadershipstudybyDeloitte Leadership(ex,inspiration,communication,executivepresence) 54% Problem-solvinganddecision-making 47% Relationshipskills (eg influence,partnershipscollaboration) 44% Creativeandinnovativethinking 41% Datascienceandanalytics 40%

10. AKornFerryreportprojectsan85millionshortageof human tech talentsby2030,withapotential$8.5trillion revenueloss. 85M Shortageby2030 Only65outof100jobswerefilledin2023,indicatingagap inskilledtalentavailability. 65% Jobsfilledin2023 Indiahasanetsurplusof245millionqualifiedtechtalents, makingitapreferredchoicefor58%ofglobalbusinesses. 2.45M Surplustechtalents LocaltalentsintheUS,UKandAUare42.1% costlier than talentsinIndia. 42.1% Costlierthan remotetalent

11. Business AreaswithGreatestSkillGap Source:Mindthe[Skills]GapbyMcKinsey&Company DataAnalytics 42% IT,mobile, and/or web design management 26% Executivemanagement 25% 23% Hrandtalent management 22% Sales &marketing operations 27% Productand/orservicedesign Frontlinemanagement ofoperationstaff 16% 15% Customerservice 14% Financial&riskmanagement Channelmanagement(includingeCommerce) 13% Productandmanufacturingoperation 12% Sourcing,procurement,and/orsupplychainmanagement 9% ITanddataskillsrankasthetopin-demandskillglobally.Skillsnecessarytosupportemergingtechnologies and the digital transformation market — including machine learning(ML), artificialintelligence(AI),andenterprisesoftwareskills—areinshortsupplyglobally. Additionally,generalIT, security,engineering,anddataexpertiseareallinshortsupply. Thesearejustafewskillsindemandbutfaceaslimcandidatepool.

12. Topthreefactorspreventinghiring 2024 2023 78% Compensation challenges 63% Insufficienttechnical regulatoryknowledge 59% 59% 23% Poorculturalfit 21% 10% 20% 30% 40%50% 60% 70% 80%90%100% Topchallengesinrecruitingtechemployees Source:MITtechreviewinsights,HCLtech Candidateslacknecessaryskillsorexperience 64% Overallshortageofcandidates 56% Difficultymeetingcandidates’non-salaryexpectations 54% Candidateslacknecessarycredentials 31% Difficultymeetingcandidates’non-salaryexpectations 30% Candidatesare notagoodfit forour organization 29% Therearehiringplatformswhicharetech-drivenandcost-effective,helpingcompaniestohire talentsfromIndia.Thistypeofhiringmodulehashelped43%ofSMBsinprovidingtheefficient screeningprocessforhiring,complianceexpertiseandfinancialprowesstocompetewithlarge enterprisesfortoptalents.

13. India Inclination

14. In2024,theglobaltechanddigitalindustriesare activelyimplementingtheireffectivehiring strategies,buildingonlessonslearnedfromthepreviousyear.Companieshavebeenparticularly focusedonunderstandingsalarymarkettrendsforvariousroles,especiallywhenrecruitingfrom offshorelocations. In2023alone,49.2%oftechanddigitalcompaniesintheUSchosetohirefromIndiafor specific positions.Thisdecisionisfueledbytheevidentadvantagesofaccessingabroadertalentpool, promotingdiversity,andcost-efficiency. Understandingthesalarybenchmarkforthe‘rightfit’Indiantalent,someonewhoisconsidered as the‘topplayer’inanorganization,isacrucialdatapointinthiscontext. LookingatthecurrenttalentmarketofUS,UKandAU;salarydemandisall-timehigh,skilledtalent accessibilityislimitedandstartupsare facingtremendousmarginpressure tojustifytheir people-cost.

15. Top 8jobroles wherecompaniesareopento hirefromIndia Rank % of openness JobTitle DigitalMarketing 1 31.87 2 36.16 SoftwareEngineer 3 30.5 DataScientist GlobalemployersoftenmakethemistakeofbeingunpreparedforthecomplexityoftheIndian marketwhenhiringtalent,whichcanbe overwhelming. Withoutknowledgeaboutthelandscape,culture,theprocess,andwhattypeofhiringmethodis right for you-oftenitleads tohiringthewrong-fit.Thisaffectstheproductivityandretentionofthe company. EventhoughemployersentertheIndianmarkettofindthecost-effectivealternativestotheirexpensivelocaltalents.Thereareotherbenefitstoo,butthelowsalariesofIndiantalentsisacrucial convincingfactorforafast-pacedbusinesswithalimitedbudgetandresources.

16. Hiring factors for2024 ThebidfortopIndiantalent

17. In2024,hiringmanagersarefocusingonhiringthe‘right-talent’forbetterproductivityand retention.Withthis,theindustry isgettingmoreadaptiveandflexiblewithitsapproach,aiming to identifyandrecruithighlyskilledprofessionalswhocancontributetolong-termsuccess. “Toptalents”areprofessionalswhoarehighlyskilledandgotheextramilebytakinginitiative, workingindependentlywhenevernecessary,requiringminimumsupervision,andutilizingtheir skill setstoimproveoperations.Besidesthesefactors,hiringmanagersseekaglobalmindsetin remotetalentforsuccessindiverseprofessionalenvironments. Owingtoamultitudeofreasons,companieswanttohiretalentsfromIndia,andanimportant aspectforthem is tounderstandthesalary benchmarkingofthelandscape.Thishelps in decodingthecompetitive payrangeandformingahiringbudgetasperthe estimates.

18. AnoverviewofIndiamarketvsLatAm,EastEU&EastAsia Over$1trillion $1trillion $100billion $1.7trillion 22% 20% 15% 15% $350billion $250 billion $20billion $1.1trillion 11million 10million 1million 15million Inthepastfouryears,Indiahasbeentheprimarychoiceforoffshoringremoteroles.Employers seektodeterminetheappropriatecompensationfortalentthatalignswithindustrystandards, consideringthe country'sunique economicsand talent expectations. US India Companiesspend$7500onindividualinsurance and$20,556onfamilycoverage. Only$150-$200yearlyonindividualinsurance and$200onfamilycoverage(optional). OnPFandEPF,spentisusually$650(12%on basicsalary). Averagecontributionof$8000on401k(6%on annualsalary). Nosuchinsurance isprovidedwhenhiring from India. $990-$1250spentadditionalondentalandvision. Suchperksispurelyoptionalandusually notoffered. $550-$700averagespentonperkslikegym membership,commuterbenefitsandcateredmeals Consequently,55%ofSMBs(SmallMid-sizedBusinesses)arenowactivelyhiringfromIndiaandare lookingforwaystostreamlinetheirremotehiringprocesstogettherighttalent.Therefore,alotof globalcompaniesarefocusedontheIndianmarkettounderstandtheirsalary(andbenefit structure)andalsotheirculturaldifferences.

19. Behavior Trend Observed ByTheDecisionMakersOfCompanies WhenHiringFromIndia

20. Thehiringprocessofcompanieswhenhiringtalentfrom India reflects adifferentsetof behavior trendsobservedamongdecision-makers. Getreal-time,verified dataonsalariesacross differentlevels,roles, skills,experience, and locations. 40% 30% 34.51% 20% 21.34% 10%14.23% 13.45% 8.9% 0% Notopento hirefromIndia Priorbadexperienceof hiringthroughwrongjob process/talent experience Donothavethe rightresource/full information Skeweddata onsalary Culturalgap/time differencehesitation Companiesfacedifficultiesinhiringduetounclearjobdescriptions,disorganizedscreening processes,andalackoftransparencyinthehiringprocess.Decision-makersarehesitanttohire fromIndia,withanoverwhelmingprocess ofpayroll andcompliance.Determiningappropriate salariesforIndiancandidates is alsochallengingduetodistorted salaryinformation.While Indiansareseenascost-effective,accuratesalaryandbenefitsinformationisoftenlacking.

21. In-demand jobpositions Must-haveskillsin2024

22. Thebiggestconcernforglobalcompaniesisfindingapre-vetted,remote-ready,and globally-experiencedtalentwiththe relevant technicalskills. SoftwareEngineer,Data Scientist,andUX/UIDesignerare themostin-demandprofessionals in2024,whileitisextremelydifficulttolocateskilledtalentsforCloudArchitectand CybersecurityAnalyst. Mostin-demandsoftskills Communication Problem-solving Teamwork Adaptability Creativity Timemanagement Attentiontodetail Customerservice Leadership Businessacumen Mostin-demand hardskills Softwaredevelopment SQL Finance Python Java Dataanalysis JavaScript Cloudcomputing Operations Customerrelationshipmanagement

23. Advicefromexpertsfor 2024 ForemployershiringtalentsfromIndia

24. Choose a righthiring partner Choosetherighthiringpartnerorplatformthatefficientlyprovidespre-vettedtalent withinashortertimeframe,andcompliancewithlaws,regulations,andpayment protocols. Morethan45%ofcompaniesendupchoosingthewronghiringpartnersleadingtoaless-than-idealhiringexperienceinIndia.GettingassistancefromtherighthiringpartnerensuresathoroughandfairassessmentofeachcandidatethroughanAI-drivenprocess. Do competitive salary marketanalysis JobpostingsforIndiantechtalentsintheUShavesurgedby102%inthelastthreeyears.To determinecompetitivecompensation,salarymarkettoolsorpayequityanalysistools are essen- tialforthisanalysis.Theyprovideaccuratedataonwhatsimilarrolespayinyourindustryand locationincludinglocaland Indianmarkets.Thishelps youdifferentiatesalarieseffectivelyand offerfaircompensationtoattracttoptalentineachregion.Analyzingsalarythroughsalary markettoolswillhelpyouidentifytherighttalentatfair payespeciallywhenyouhiretalentfrom India.

25. Realstories,realresults TwilioPartnerswithUplerstoFindaSkilledMachine-LearningProfessional. AtTwilio,we’reonamissiontohelpbusinessesofallsizesowntheirfuture.Butwe can’tdoitalone.Weneedpeoplelikeyou.Bigthinkerswhoarecuriousandeagertotacklerealworld business problemsalongsideanamazingteam.We’recommittedtoprovidingthefreedom,flexibility,andsupportyouneedtonavigatechallengesanddeliver your bestwork.Andtogetherwe’llbuildamoreequitable organizationthatembracesyouruniquenessanddrivespositivechange. SameerGhoshal TalentAcquisitionManager,Twillio UplershelpedGitLabfindtheperfectSeniorSecurityEngineeringtalentandbroughtdownthehiringcyclefrom90daysto just 15 Days. Despiteconductingmorethan20interviewsin4-6months,wewereunabletofindanAppSecDevwitharichbackgroundincodingwhocanassistinenhancingclientSemgreprulestodetectvulnerabilitiesandresolvethem.However,Uplersquicklyfoundthreesuitableprofilesforusandwehiredthefirstcandidateweinterviewed. WayneHaber DirectorofEngineering,GitLab Uplersbuilta teamof remotetalents forSydney DigitalMarketing. Uplerswasveryhelpfulinaccuratelyidentifyingthetalentwewereexpectingandfacilitatingaquickhiringprocess.Theresponsetimeonourrequestisunbelievable.Thedetailedprocessforvettingyourtalentisincredible,theAccountManagerhas beenanamazingsupport.WeareveryhappywithourchoicetopartnerwithUplersandwhenthinkingofhiringnewmembersofourteamfromIndia,Uplersisourfirstchoice! SimonGould CEO,SydneyDigitalMarketing

26. Indiansalarybenchmarkingfortechanddigitalroles2024 ThesalaryrangeisinUSD,forTopIndianTalentsreadytobeemployedinglobalcompanies. DIGITALROLES Search&SocialRoles DesignRoles Others Experience (7-11years) Experience (3-6years) JobTitle $3000-$4500 DigitalAdminSupport $1500- $3000

27. PaidRoles TECHROLES FullStack

28. Backend MobileAppDeveloper

29. Frontend Data

30. Cloud Other

31. AboutUplers Uplers is aglobalhiringplatformthatconnectscompaniesacrosstheworldwithIndia's exceptionalpooloftechanddigitalprofessionals.Withtheconvenienceofremoteworkor theoptiontorelocate, Uplerssimplifiestheprocessofhiringfull-timeprofessionals.Uplers’ deep vettingparameters includetechnical, Englishlanguage assessment,behavioral, cross-culturaleffectiveness, and global readiness. ADVANCEDINTEGRATED HIRINGAPPROACH Vetting Weassesseachcandidatethrougha Matchmaking Weensureperfectmatchmakingby matchingcandidateswithhiringrequests fromglobalcompanies.Wefacilitate interviewscheduling,andselected candidatesareofferedlong-term contracts. 5-stepdeepvettingprocess. Standardizedindustry-acknowledged assessmentisincludedinthevetting, Sourcing Weattractonanaverage30K+ candidatesmonthlyandhavea socialmediafollowershipof1Million Behavioral&globalreadiness assessment Post-deployment Wehandleagreements,payroll,andHR Screening Efficientlyscreenprofiles,assessing qualifications,experience,skills,and culturalfittoidentifythemostsuitable candidatesforthejob. compliance,tofacilitatesmooth onboarding.Monthlyfeedbacksessions withTalentsuccesscoachesand engagementactivitiesfosteraconducive long-term working environment forglobal teams.

32. PROFESSIONAL SUMMARY July2015-Nov2018 3 yr4months SoftwareDeveloper MobileProgramming IndiaPVT.LTD,Mohali TaniaBhalla FullStackDeveloper|Experience:8Years Dec2018-Sep2019 10months ABOUTME SkilledTechnicalLeadsuccessfulatmarrying technologyandbusinessneedsinorderto meetchangingdemandsandsolvediverse problems.Excellentteamplayerwith coordinationand interpersonalskills.Quick Learnerwiththeabilitytorapidlyachieve organizationalintegration,assimilatejob requirements.Preparedtoleverage7+yearsof technicalexperiencetotakeonanewrole withlong-termpotentialandroomfor professionalgrowth. ReactJSDeveloper SpineorWebServices PVT.LTD,Mohali Sep2019-Sep2021 2yr Sr.FullStackDeveloper BeesolverTechnology PVT.LTD,Mohali Sep2021-Present 1yr10months SKILLSETS TechnicalLead MobileProgramming IndiaPVT.LTD,Mohali JavaScript-6years ReactJs-7years HTML/CSS-8years MySQLTypeScript MongoDB NodeJs FullStack-6years GIT/SVN -4years GitLab APPLICATIONS&TOOLSKNOWN VETTEDSKILLS 100% ReactJs Git Javascript React Node.js 96% JavaScript 100% NodeJs AWS(AmazonWebServices) 100% Redux 92% TypeScript 100% Angular

33. Uplerscanhelp youhire&manage thetoptalentsfromIndia 100+ Tech&Digital SkillSets Top3.5% Talents 200,000+ Network 2Weeks No-riskTrial 5-day FastHiring Process 5+Time Zone Alignment 1outof3 Guaranteed Selection Lifetime 30-day Replacement Easy Cancellations Bookadiscoverycalltoday

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