Job trends 2024: In Bangalore, the average monthly unified salary was Rs 29,500; in Chennai, it was Rs 24,500; and in Delhi, it was Rs 27,800.
With a 9.3% year-over-year increase, Bengaluru led as the nation’s top city for job possibilities and wage growth, closely followed by Chennai and Delhi, according to a report released on Thursday.
According to the TeamLease Services Jobs and Salaries Primer report for FY24, Bengaluru has the highest average monthly unified wage in the nation at Rs 29,500, which highlights the city’s standing as a commercial and technological powerhouse.
The analysis of unified salaries across temporary and permanent recruiting marketplaces is the basis of the paper. Given the competitive nature of these job markets, Chennai and Delhi, which reported robust income growth of 7.5% and 7.3%, respectively, came in close second and third, respectively, the survey said.
According to the research, the average monthly pay in Delhi was Rs 27,800, while in Chennai it was Rs 24,500. Pune maintained competitive pay levels with an average income of Rs 24,700, while Mumbai and Ahmedabad also reported consistent compensation rises, highlighting their significance as major employment hubs. Mumbai offers an average salary of Rs 25,100.
Retail emerges as top performer
According to the research, retail has become the industry leader in terms of salary growth, with a noteworthy 8.4% increase. Consumer durables (5.2%) and BFSI (5.1%) followed this trend, both of which, according to the report, continue to have excellent prospects for professional growth.
However, the survey said that more modest increases were seen in industries such as logistics, FMCG, healthcare and pharmaceuticals, construction, and real estate, indicating their consistent need for qualified workers. Telecommunications (Rs 29,200), manufacturing, engineering, and infrastructure (Rs 28,200), healthcare and pharmaceuticals (Rs 27,600), and construction and real estate (Rs 27,000) are among the highest-paying sectors.
“The report highlights a positive trajectory in India’s job market, with significant salary growth across cities and industries. Bangalore’s 9.3 per cent salary growth and Retail’s impressive 8.4 per cent increase point to a growing demand for specialised skills that drive compensation trends. This isn’t just about incremental salary growth. It is more about a deeper transformation in the job market,” TeamLease CEO-Staffing Kartik Narayan said.
According to him, the closing pay gap between temporary and permanent positions in industries including consumer durables, construction, and real estate demonstrated that businesses are prioritizing long-term retention and talent parity. “These trends highlight the growing importance of adaptability and expertise in shaping the future of work in India,” Narayan stated.
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