Monster Salary Index shows reasons for hope but concerns remain

In 2017, employees were most satisfied with the relationship with their colleagues scoring 92.5 per cent.

By E Kumar Sharma  
Tuesday, September 25, 2018

The just released Monster Salary Index (MSI) giving median gross hourly wages, across eight sectors, gives reasons for hope in the fast changing workplace scenario in India. But it also shows that concerns remain. The report, a joint initiative of Monster India, Paycheck.in with the Indian Institute of Management , Ahmedabad (IIMA) as a research partner, analyses median wages across 8 sectors -- construction and technical consultancy; education and research; financial services, banking, and insurance; healthcare, caring services, and social work; ICT services; legal and market consultancy, business activities; manufacturing and transport, logistics and communication.

Here are some findings of the survey.

In 2017, employees were most satisfied with the relationship with their colleagues scoring 92.5 per cent. Pay satisfaction came in last after a continuing decrease to 48.6 per cent. Indicating a rather satisfying work life, pay and life-as-a-whole-satisfaction were the only other values below the 70 per cent benchmark. Job satisfaction (with the exception of pay) rose over the years observed in all categories - job security (+6.4 percentage points) and life-as-a-whole-satisfaction (+6.5 percentage points) saw the strongest increases

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