Surge in demand for professionals in pharma and other key sectors
Michael Page, a recruitment consultancy has released its India Salary Benchmark 2018 report. The research explores and evaluates the growth across several industries in the Indian markets, the evolution of these sectors and the consequent increase in hiring activity.
The India Salary Benchmark 2018 report, focusses on multiple sectors such as sales and marketing, legal, digital, engineering, marketing as well as supply chain and procurement of various industry like pharma, medical devices, life sciences, building material, consumer goods etc.
The report stated that India’s progressive economy has created demand for highly-specialised job roles which require skilled professionals. This includes digital marketing heads, head of taxation with GST implementation experience, compliance specialists as well as engineering experts in Cloud, Full Stack, AI and UI/ UX.
On his insights, Nicolas Dumoulin, MD, Michael Page India says, “Bolstered by the economic growth observed in 2017, talent acquisition also witnessed an uptick across several sectors. With the Indian government constantly pushing reforms to receive economic growth through proactive measures, Michael Page India is anticipating these optimistic trends to continue across the key sectors.”
India’s economic landscape is a dynamic one, assisted by regulatory adjustments and drives including the Goods and Services Tax (GST) and the Make in India project from the Government of India. Encouraged by a positive economic setting, India’s employment scenario is anticipated to expand, supporting the country’s robust economic growth. The World Bank forecasts that India’s GDP growth will be 7 per cent for 2017-2018 – a positive sign for Michael Page business. Michael Page anticipates large-tosteady hiring activities within these spaces in the year ahead.
Excerpts from the report which display the current salary range in key job roles within top companies in pharma, medical devices and life science sectors.