Bengaluru is in the lead in terms of level of salary structure satisfaction in the country, with 63% of the respondents happy with their salary structure, and Chennai lowest with 46%, according to a Wisdomjobs survey.
The IT capital of the country is followed by Pune at 57%, Mumbai at 54%, Hyderabad at 51% and New Delhi at 49%.
Overall, salary structure continues to be seen as the defining factor when it comes to a professional taking up a new job or deciding to stay with an employer, with nearly 80% of the respondents giving it high weightage.
Majority of the employees believe that fixed or base component of their salary is the most important factor. “Some 53% of those surveyed felt that the fixed or base component of their salary is the most important factor while around 42% said that variable or differential pay was important to them,” the study said.
Nearly 70% of those dissatisfied with their salaries felt that it was not in line with market standards, while 30% felt that it was not commensurate with the responsibilities being handled by them.
Among non-monetary components of their salary structures, those surveyed were most dissatisfied with child-related benefits and retirement benefits.
According to the study, the respondents showed various levels of satisfaction with non-monetary components. Telecommuting is the most satisfying factor in non-monetary components, with 55% respondents happy with it. This is followed by flexible timings (48%), maternity and paternity benefits (30%) and retirement benefits (28%).
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