According to Monster Salary Index (MSI), Information Technology sector is the highest paying sector in India with a median gross hourly salary of Rs 346.42, while those in the manufacturing sector get paid the least at Rs 254.04. Even though the IT sector is the highest paying sector in India, but only 57.4% are satisfied with their salary.

Next comes Banking Financial Services and Insurance (BFSI) with a median gross salary of Rs.300.23 per hour while manufacturing sector pays the lowest among the three with a median gross salary of Rs.254.04 per hour. Only 52 percent BFSI employees are satisfied with their pay cheques.

Unlike IT and BFSI employees, as many as 60 percent of manufacturing sector employees are happy with their compensation. Manufacturing sector despite being paid low has 60 percent employees satisfied. Wholly foreign owned manufacturing companies pay a median gross hourly salary of Rs.319.5, BFSI Rs.451.63 and IT Rs.536.6.

According to MSI, strong talent pool is crucial for the Indian government’s ambitious Digital India mission and others.

Sanjay Modi, Managing Director of Monster.com India said, “In a scenario where salary becomes one of the key factors to attract and retain employees, it is important for companies to very closely analyse the correlation between salaries and employee satisfaction”.