2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK

OUTLOOKS A L A R Y & E M P L O Y M E N T

2015/16 INDIA

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2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK

FINANCE

2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK

The key factors for attracting top talent are: career progression; clear growth paths; international opportunities and secondments.

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2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK

India’s finance and accounting sectors are performing well, with 55% of survey respondents reporting that their confidence levels are good or very good, and 94% of respondents rating the national economy as fair or better.

The recruitment market was expected to be energised with the change of government and highly publicised “Make in India” campaign. While the market for entry- and mid-level management is quite active, we are also seeing a lot of demand for finance professionals with less than 10 years of experience. Some niche roles, such as those in compliance and taxation, are seeing a shortage of skilled professionals and good candidates in these roles are highly sought after. Compliance as a function has evolved rapidly, with an increased focus on tightening of the regulatory environment. As more and more multinationals set up base in India they are investing in building a robust framework of financial compliance.

The reputation and size of an organisation continues to be one of the main driving factors behind changing jobs for junior and mid-level candidates. As we have observed across the board, the key factors for attracting top talent are: career progression; clear career growth paths; international opportunities and secondments.

Organisations looking to attract talent, especially those with specialist or highly sought after skills, must ensure that they make clear to candidates what they can offer in these areas. To increase their appeal to passive candidates, organisations should invest in their social media presence.

Much of the hiring activity is concentrated in the e-commerce, manufacturing and pharmaceutical industries, which continue to experience growth and investment. The large number of e-commerce related start-ups in India are creating employment opportunities and a demand for talent.

The excitement around start-ups has led to high levels of investment by private equity firms and seed funding, and we are seeing a lot of retail, FMCG and FMCD companies losing their talent to start ups. This has led to an increase in counter-offers as organisations seek to retain the talent they have, and organisations that are recruiting should seek greater control over the candidate during the hiring process and commit to quick action in order to help in securing preferred talent.

The activity in these industries has led to an increased demand for candidates and skills in: financial management; financial planning and analysis; indirect tax (resulting from the recent emergence of GST); compliance and internal controls.

Looking forward, we expect hiring for mid-level management jobs in finance to continue their upward trend, while hiring will also open up within the manufacturing sector.

FINANCE OVERVIEW

FINANCE

2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK

KEY INSIGHTS

Average salary increase percentage that direct reports can expect to get

23%Less than 10%

61%10-15%

13%16-20%

3%26% or above

Average salary increase percentage that top performers can expect to get

3%Less than 10%

23%10-15%

38%16-20%

3%26-30%

7%31-40%

3%41% or above

23%21-25%

Do direct reports receive a bonus?

No20%

Yes80%

Do direct reports receive a salary increase?

YES100%

SALARY & REMUNERATION

2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK 7

FINANCEKEY INSIGHTS

Workplace offers same opportunity for women to progress to senior/executive level positions as men

Maybe17% Unsure

7%

Yes76%

Biggest challenge in the recruitment process

45%Finding the right competencies

21%Finding the right fit with the company culture

10%Hiring takes too long

7%Meeting candidates which are not relevant

7%Other

7%Candidates do not start on first day

3%Managing salary expectations

Level of experience in highest demand

Specialists17%

Entry level10%

Management10%

Mid level63%

RECRUITMENT ACTIVITY

Companies expecting to increase headcount in the next 12 months

Maybe32% Unsure

6%

Yes62%

2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK

2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK

FINANCEKEY INSIGHTS

ATTRACTION & RETENTION

Top talent attraction methods used*

* Respondents could select more than one answer.

55%Financial incentives

52%Structured career progression

48%Strong company culture

31%Global career opportunities

24%Training and mentoring partnerships

45%Recognition and rewards

45%Work/life balance initiatives

Top talent retention methods used*

* Respondents could select more than one answer.

66%Recognition and rewards

59%Financial incentives

59%Training and mentoring partnerships

31%Global career opportunities

28%Strong company culture

52%Work/life balance initiatives

52%Structured career progression

Key reasons why employees will leave their current company

Improve salary55%

Gain more seniority14%

Broaden experience/opportunity to learn17%

Other: Better career progression, company cultureer7%

Overseas opportunities7%

Work/life balance options offered in current company*

21%

My company does not offer any work/life balance options at the moment

52%Flexible working hours

7%Sabbaticals

28%Increased maternity/paternity leave

24%Team building/offsite activities

10%Alternate leave options (e.g. volunteering)

52%Work from home options

14%

Other: Employee engagement activities, career breaks, early dismissal from work, compulsory leave, 5 days work week

* Respondents could select more than one answer.

2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK

Please note:

1. Salaries are quoted as CTC (Cost to company including Basic salary, HRA, other allowance and retirals, excluding variable). 2. All salaries are median ranges.

2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK

FINANCE

FINANCE

SALARY TABLES

GENERAL INR Lacs

Years of experience 3–5 years 5–10 years 10–15 years >15 years

Region Delhi Mumbai Delhi Mumbai Delhi Mumbai Delhi Mumbai

CFO/Finance Director (large organisation) N/A N/A N/A N/A 70-85 60-90 85+ 90+

CFO/Finance Director (small/medium organisation) N/A N/A 22-45 30-50 45-65 50-70 65+ 70+

CFO/Finance Director (shared services centre) N/A N/A N/A N/A 45-70 60-80 70+ 80+

GM Finance/Financial Controller (large organisation) N/A N/A 25-40 35-50 40-65 50-75 65+ 75+

GM Finance/Financial Controller (small/medium organisation) N/A N/A 18-32 25-40 32-50 40-60 50+ 60+

GM Finance/Financial Controller (Plant) 8-15 12-20 12-25 15-30 22-38 25-45 38+ 45+

Finance Manager (large organisation) 10-16 12-20 15-30 18-35 N/A N/A N/A N/A

Finance Manager (small/medium organisation) 8-12 12-18 13-22 15-25 N/A N/A N/A N/A

Finance Manager (shared services centre) 10-15 12-15 12-28 15-30 28-50 30-50 N/A N/A

Financial & Planning Analysis 10-16 12-18 16-30 18-35 30-50 35-55 50+ 55+

Financial/Business Analyst 10-15 12-15 12-28 15-30 28-50 30-50 N/A N/A

Financial Accounting 8-13 12-15 13-26 15-30 26-45 30-50 N/A N/A

SPECIALISTINR Lacs

Years of experience 3–5 years 5–10 years 10–15 years >15 years

Region Delhi Mumbai Delhi Mumbai Delhi Mumbai Delhi Mumbai

Finance Strategy 10-15 12-18 14-30 18-35 30-50 35-55 50+ 55+

Costing 8-12 10-15 12-18 15–20 18-35 20-40 N/A N/A

Accounts Receivable 8-12 10-15 12-18 15-20 18-35 20-40 N/A N/A

Accounts Payable 8-12 10-15 12-18 15-20 18-35 20-40 N/A N/A

Treasury 10-18 12-20 18-35 20-40 35-55 40-60 55+ 60+

Tax - Indirect 8-18 10-20 18-32 20-35 32-45 35-50 45+ 50+

Tax - Direct/International 8-18 10-20 18-32 20-35 32-45 35-50 45+ 50+

Corporate Finance 10-18 12-20 18-35 20-40 35-55 40-60 55+ 60+

Investor Relations N/A N/A N/A N/A 35-55 40–60 55+ 60+

Internal Audit 8-18 10-20 18-32 20-35 32-45 35-50 45+ 50+

PUBLIC ACCOUNTINGINR Lacs

Years of experience 3–5 years 5–10 years 10–15 years >15 years

Region Delhi Mumbai Delhi Mumbai Delhi Mumbai Delhi Mumbai

Audit 10-20 12–20 20-35 20–35 35-55 35-60 55+ 60+

Tax 10-20 12–20 20-35 20–35 35-60 35-60 60+ 60+

Transaction Advisory 12-20 12–20 20-35 20–35 35-60 35-60 60+ 60+

2015/16 INDIA SALARY & EMPLOYMENT OUTLOOK

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