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In HC Deloitte India Annual Compensation Trends Survey Report Fy 2016 Noexp PDF
In HC Deloitte India Annual Compensation Trends Survey Report Fy 2016 Noexp PDF
In HC Deloitte India Annual Compensation Trends Survey Report Fy 2016 Noexp PDF
Table of Contents
Scope,
approach
and
methodology
Executive
summary
Overall
industry
report
Sector-wise
analysis
About
Deloitte
Human
Capital
Consulting
Increment &
variable Pay
projections for
FY 2016 and
comparison
with FY 2015
Attrition
rates, key
levers for
mitigation
and talent
attraction
Key benefits
given across
sectors
250
18
Organizations
Sectors
Managing
and
rewarding
critical
talent
Invite participation
A formal invitation e-mail
and online questionnaire
was sent to the Human
Resources teams in the
chosen organizations
requesting for participation
Analyze data
The data received was
collated and analyzed to
get detailed insights on
sector wise practices,
compensation and benefits
trends
Generate the
Compensation Trends
Survey Report (FY 201516)
Middle
Management
Junior
Management
Clerical
Percentile definitions
10P/
25P/
50P/
75P/
90P/
8.0% (20)
7.2 % (18)
6.0% (15)
4.8% (12)
4.8% (12)
4.8% (12)
4.0% (10)
3.2% (8)
BFSI
Chemical
Consumer
business
Energy
Engineering &
manufacturing
Hi-Tech
ITeS
Infrastructure
& real estate
Logistics
Media &
advertising
Pharma, life
sciences
Retail
Others**
250 organizations from 18 sectors have participated in the Compensation Trends Survey for FY 2016
2.4%
< 500
6.0%
1.6%
9.2%
<100 Crore
13.6%
100-300 Crore
Annual
revenue
500 - 2000
28.8%
16.8%
2000 - 5000
46.0%
300-500 Crore
5000 - 10000
32.8%
500-1000 Crore
>1000 Crore
Employee
strength
10000 - 25000
22.4%
20.4%
> 25000
(38)
Agriculture, Aviation, Export and Social Services sectors. Considering the limited number of responses
from these sectors within the specified timelines, separate sector reports have not been published
2015 Deloitte Touche Tohmatsu India Private Limited
Executive summary
Executive summary
Key findings
Increment
The average salary increment across sectors is projected at 10.7% in FY
2016, which is 0.4% points higher than the previous FY 2015 (10.3%)
Variable pay
The highest projected
increments across
industries are at the
Junior Management
level at 11.0%
Voluntary attrition
In FY 2015 highest attrition across industries was seen in the ITeS
sector (21.9%) whereas the lowest attrition was seen in the Energy &
natural resources sector (10.5%)
Executive summary
Industry snapshot
In %
Average increments
Sectors
Actual
Projected
Change
Projected
Rank
16.5
16.7
0.20
0.30
11
19.4
20.1
0.70
0.40
16.3
16.5
0.20
Actual
Projected
Change
10.2
10.4
0.20
BFSI
9.7
10.0
Chemical
11.0
11.4
Projected
Rank
Consumer business
10.9
10.8
-0.10
19.2
19.6
0.40
10.1
10.3
0.20
10
15.9
16.2
0.30
11
10.4
10.6
0.20
16.7
17.0
0.30
Hi-Tech
10.6
10.9
0.30
17.2
17.6
0.40
ITeS
10.6
10.8
0.20
17.1
17.5
0.40
10.2
12.0
1.80
17.6
18.2
0.60
Logistics
9.6
9.8
0.20
12
15.3
15.6
0.30
13
10.0
10.9
0.90
15.7
16.1
0.40
12
12.0
12.1
0.10
18.3
18.7
0.40
Retail
9.5
9.4
-0.10
13
16.0
16.3
0.30
10
Overall industry
10.3
10.7
0.40
17.0
17.4
0.40
Actual
indicates
actual
figures for
FY 2014-15
Projected
Indicates
projected
figures for
FY 2015-16
10
Overall industry
report
FY 2015
FY 2016
10.7
10.4
10.0
11.4
10.8
10.3
10.6
10.9
10.8
12.0
9.8
14.0
10.9
FY 2015
12.1
9.4
FY 2016
12.0
10.0
8.0
6.0
4.0
2.0
0.0
Overall
Industry
Auto
BFSI
Chem
CB
Energy
Engg
Hi-Tech
ITeS
Infra
Log
Media
Pharma
Retail
12
In %
10P
50P
90P
Average
FY 2015
6.7
10.2
14.0
10.3
FY 2016
6.9
10.6
14.4
10.7
In %
In %
10P
50P
90P
Avg
11.2
11.0
Clerical
7.4
10.7
14.2
10.8
11.0
10.8
10.8
10.6
10.6
JM
7.6
11.1
14.5
11.0
MM
7.3
10.6
14.1
10.6
10.4
10.3
10.0
10.1
10.0
9.8
SM
7.1
10.5
13.8
10.5
10.4
10.6
10.4
10.2
10.5
9.6
9.4
TM
7.0
10.5
13.8
10.4
Clerical
JM
MM
FY 2016
SM
TM
FY 2015
13
11.1
10.4
10.2
10.5
10.2
10.6
10.4
9.6
11.3
9.9
11.0
10.8
10.5
10.8
10.5
10.1
Overall
Industry
Auto
BFSI
11.9
11.6
11.5
10.5
9.6
11.1
In %
10.3
10.1
10.6
10.6
10.5
11.6
10.5
10.7
10.3
10.5
10.1
10.3
10.6
9.4
11.7
TM
9.5
10.8
11.8
10.7
9.7
12.5
10.8
11.9
11.3
12.5
10.8
11.3
11.2
11.4
10.8
10.7
10.4
10.9
10.9
12.1
9.8
11.0
12.2
Chem
CB
Eng
Energy
Hi-Tech
ITeS
Infra
Log
Media
Pharma
SM
MM
11.0
10.3
9.2
9.3
11.2
9.1
10.6
10.6
JM
CL
9.8
9.4
Retail
14
FY 2015
FY 2016
17.4
16.7
20.1
16.5
19.6
16.2
17.0
17.6
17.5
18.2
15.6
25.0
16.1
FY 2015
18.7
In %
16.0
16.3
FY 2016
20.0
15.0
10.0
5.0
0.0
Overall
Industry
Auto
BFSI
Chem
CB
Energy
Engg
Hi-Tech
ITeS
Infra
Log
Media
Pharma
Retail
15
In %
10P
50P
90P
Average
FY 2015
5.6
17.1
34.8
17.0
FY 2016
5.9
17.6
35.3
17.4
In %
10P
50P
90P
Avg
26.0
24.2
24.0
Clerical
5.6
10.3
18.2
10.4
JM
7.5
13.6
23.6
13.5
In %
22.1
23.7
22.0
21.7
20.0
17.5
18.0
MM
10.2
17.6
29.4
17.5
16.0
17.2
13.5
14.0
SM
14.8
22.1
34.5
22.1
12.0
10.2
10.0
TM
16.5
24.3
38.1
24.2
13.1
10.4
Clerical
JM
MM
FY 2016
SM
TM
FY 2015
16
27.4
24.2
23.3
26.8
21.4
21.8
21.2
16.5
24.3
20.9
14.9
22.4
17.5
22.3
17.5
25.6
24.9
22.8
19.3
16.4
15.2
24.4
24.6
19.8
17.5
23.7
23.1
25.3
22.1
In %
22.5
22.6
20.2
20.8
TM
23.6
23.0
18.0
16.8
16.2
12.9
12.3
13.7
13.6
14.1
22.8
SM
21.0
18.4
JM
16.1
15.6
16.2
11.6
12.2
13.9
12.4
13.5
12.7
10.4
9.7
11.9
9.5
11.8
9.9
9.2
10.6
10.5
10.9
8.6
9.1
10.7
9.3
Overall
Industry
Auto
BFSI
Chem
CB
Eng
Energy
Hi-Tech
ITeS
Infra
Log
Media
Pharma
Retail
12.6
MM
CL
17
Clerical
JM
MM
SM
TM
3 - 5 Lacs
20.9
11.9
5 - 8 Lacs
34.5
24.3
19.6
8 -12 Lacs
12.3
29.8
47.7
34.0
> 12 Lacs
16.2
32.8
66.0
N/A
32.3
17.9
Insurance policy
72.8 percent of the companies have life insurance
policy
79.6 percent of the companies have accident insurance
policy
100.0 percent of the companies have medical insurance
policy
Medical insurance coverage
Employee only
15.7%
Employee & spouse
37.9%
17.4%
In %
Clerical
JM
MM
SM
TM
5000 - 8000
14.5
8000 -12000
24.3
16.6
15.3
12000 - 15000
25.5
33.2
23.0
13.6
> 15000
35.7
50.2
48.9
38.3
On Actuals
12.8
48.1
N/A
14.5
68.0
4-5
28.9%
46.4
55.0
16.2
11.4
18.7
10.6
18.4
10.9
10.4
19.4
21.5
17.5
16.6
17.2
18.2
In %
18.9
FY 2015
16.5
11.6
18.9
10.7
18.7
11.1
10.5
19.9
21.9
17.8
16.8
17.5
18.6
19.4
25
FY 2014
FY 2015
20
15
10
0
Overall
Industry
Auto
BFSI
Chem
CB
Eng
Energy
Hi-Tech
3.3
4.8
9.8
2.5
10.4
17.2
2.6
7.5
Overall
Industry
22.2
Auto
28.4
1.6
Chem
CB
Log
Media
Pharma
3.9
4.9
2.3
2.7
3.1
4.5
4.9
5.5
10.3
10.8
10.2
21.5
21.2
21.1
24
21
Retail
In %
10.1
20.9
2.2
7.3
4.2
6.6
10.7
TM
23.1
17.5
15.2
Eng
Energy
SM
MM
JM
11.4
26.3
16
BFSI
9.3
14.3
13.3
24.8
11.2
2.8
4.1
20.6
Infra
4.9
6.1
10.6
1.8
21.2
19.3
4.1
5.8
10.3
3.1
8.2
4.8
5.8
ITeS
CL
29.8
32.3
28.1
24.6
25.8
26.1
29.2
Hi-Tech
ITeS
Infra
Log
Media
Pharma
Retail
19
Top three
reasons for
attrition
3
Long term incentive plans
1
2
3
Top three
compensation
levers for
talent
attraction
Sign on bonuses
levers for
talent retention
Top three
compensation
2
3
20
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2015 Deloitte Touche Tohmatsu India Private Limited. Member of Deloitte Touche Tohmatsu Limited