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Wednesday, December 30, 2009

Compensation trends in Indian recruitment industry - An Analysis

I am sure many of us recruiters have sometime or other put a search on portals  for some recruitment profiles just to have an idea how much other recruiter friends are earning in the market.

Few days back I came to know about a tool in Naukri.com called Naukri Paycheck  which helps you to know about salary trends in the market.You just have to put the industry name, location, experience in specific field and it will show you the lowest, median and highest salary obtained by professional in the same domain. Please note that Naukri has got a huge database of resume from all fields and such a tool can give you a fairly accurate data.

I tried to check the tool on Indian recruitment industry....




....and here is what I found:



Details:

I have used different educational qualifications with different years of experiences and tried to find out median salary for each combination ie: BE/MBA- 1 yr, BE/MBA - 2 yrs etc. Finally I have taken average salary irrespective of education for each year of experience. Location is Bangalore in all of them.






* Salary in Lacs per annum.

 Observations:
  • As you can see avarage salary for any year of experience in recruitment sector is less as  when compared to other domains such as software engineers or marketing guys(we don't require data to compare it) despite the fact that all the samples taken here are equally or more qualified (BE or MBA) .
  • Recruiters with BE+MBA degree command highest salary followed by BE, then by BSC+ MBA and B COM+ MBA.
  • All the profiles can be divided into two types: people who work in recruitment consulting firms taking care of other client's requirements and recruiters who work for company's internal recruitment. In earlier case though it is the recruiter's who are the revenue generators, still as the industry is not very organized till now, salary ranges are very low. Where as on the other case recruiters are not the billing items for companies, so they can't demand more salary.
  • One factor which may not be visible in the data is the incentive structure in recruitment industry. In most of the staffing consulting firms fix components are generally low and incentive structure is good. So many candidates would have mentioned their fixed salary here which may  be significantly low when compared to what they take home each month.
I know the data can never give 100% correct picture, still I feel that the above data fairly portrays the compensation trends in recruitment industry.

Doy you think that recruitment is not a very skillful job ???
Note:
#Believe me I have no idea why salaries for 4yr and 5 yr employees are coming as same!
#I really liked the tool(Naukri Paycheck) and will give a detailed analysis on it  some other post.

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