SME Times is powered by   
Search News
Just in:   • EAM Jaishankar dials counterparts in Asia and Europe, discusses strikes on Pak-based terror camps  • Iran rejects report of proposing direct talks with US  • Singapore issues travel advisory asking citizens to avoid J&K, Pak  • US: Two injured, suspect dead after shooting at Florida pharmacy store  • 430 flights cancelled, 27 airports to remain shut till May 10 
Last updated: 15 May, 2023  

Rupee.9.New.Thmb.jpg Salary details now part of most job postings in India

Rupee.9.New.jpg
   Top Stories
» Sensex, Nifty open nearly flat as geopolitical tensions continue
» Sensex, Nifty gain in early trade as India carries out ‘Operation Sindoor’
» India, UK finalised free trade deal, says PM Modi
» Moody’s pegs India’s GDP growth at 6.3 per cent for 2025
» Nifty, Sensex open higher; Adani Ports among top gainers
IANS | 15 May, 2023
Pay transparency and salary details have increased significantly with job postings in India in recent months to attract the best talent, a report showed on Monday.

About 46 per cent of all India job postings on Indeed website now include employer-provided salary information, an increase of 64 per cent in the last one year and 11 per cent in the last three years, the job portal said.

Cities like Delhi (208 per cent), Mumbai (71 per cent), Bangalore (63 per cent) saw the highest increase in jobs that offered salary data to potential jobseekers.

However, tier 2 and 3 cities are a long way away from pay transparency, and cities like Nashik and Surat are seeing a de-growth in job postings with pay details.

"Employers in India are adapting to changing demographics by adopting new strategies to attract the latest generation of talent. High attrition rates and intense competition for skilled workers necessitate a shift towards pay transparency," said Sashi Kumar, Head of Sales, Indeed India.

Going forward, we see the market being more conducive for pay transparency, he added.

In India, there is no legislation that mandates pay transparency. However, the workplace has experienced a shift since the pandemic with GenZ coming into work, who are embracing pay transparency.

Other cities like Ahmedabad, Vadodara and Mohali saw only a marginal increase of 2 per cent, 15 per cent and 18 per cent, respectively, on pay transparency.

Remote job postings also saw a 76 per cent increase in pay information, showcasing how important remote jobs still are in the Indian landscape, with more employers choosing transparency to attract the right talent, the report noted.

Pay transparency has grown the fastest in high-wage occupations like finance, engineering and mathematics.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter