IT continues to be highest paying sector

Bengaluru, Feb 15: Leading online job portal Monster.com on Monday said the information technology (IT) sector continues to be the highest paying in India among Banking Fincial Services and Insurance (BFSI) and manufacturing sectors. According to ‘Monster Salary Index’ (MSI), IT employees are being paid the highest at Rs.346.42 per hour, 24 percent higher than the median salary of the entire Indian economy taken together. Next comes 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. Despite IT being the highest paying sector, only 57 percent of the surveyed employees are content with their remuneration. Similarly, 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. (IANS)