Bengaluru leads in level of salary structure satisfaction

Bengaluru leads in level of salary structure satisfaction

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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