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8/6/2019 Final Report-IAMAI 40
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Confidential 1
IAMAIIAMAIIAMAIIAMAI- -- -MAMAMAMA FOIFOIFOIFOI COMPENSATIONCOMPENSATIONCOMPENSATIONCOMPENSATION &&&& BENEFITSBENEFITSBENEFITSBENEFITS
BENCHMARKINGBENCHMARKINGBENCHMARKINGBENCHMARKING SURVEY SURVEY SURVEY SURVEY REPORTREPORTREPORTREPORT
FFFF OROROROR
IIIINTERNETNTERNETNTERNETNTERNET AAAA NDNDNDND MMMM OBILEOBILEOBILEOBILE IIIINDUSTRY OFNDUSTRY OFNDUSTRY OFNDUSTRY OF IIIINDIANDIANDIANDIA
PRESENTED BY
MA FOI CONSULTING SOLUTIONS LIMITED
MARCH 2010
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CONTENTS
1. Foreword
2. Compensation An Overview
3. Introduction
4. About IAMAI
5. About Ma Foi
6. Industry Overview
7. List of Positions Covered
8. Scope of Work
9. Assumptions and Definitions
10. Compensation Analysis
11. People Policies
Annexure
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Many organizations have experienced unprecedented staffing and compensation reductions related to cost control considerations. These challenges and
associated opportunities had caused a heightened sense of anxiety over salary budget planning for many organizations. For most organizations, people costs
(i.e., salaries, benefits, etc) represent one of the most significant bottom line expenses.
Historically, only a handful of organizations (about 2 percent) report freezing salaries in a typical year. Its a good time for organizations to strengthen their HR
systems and gear their HR strategies towards creating high performance culture.
Organizations are planning to grant pay increases in 2010. Salary increase budgets for this year typically comprises of merit pay increases, market adjustments,
cost of living adjustments, general increases or a combination of these increases. Most industry verticals are planning to give double digit percentages for this
years increment.
Companies are gradually strengthening the performance linkages in the pay increase to improve efficiency, boost productivity and effectively deploy the talent pool
available. The efforts are geared towards aligning the compensation strategy with the improved economic scenario.
The key to their success is to integrate the HR strategy with business strategy in todays economic scenario. Indian industry has realized the importance of
competitive advantage. Companies have realized that to compete and sustain competitive advantage, people are paramount. Firms are seriously talking of
developing competitive advantage by aligning people with business strategy.
Dr. Subho RayPresidentInternet and Mobile Association of India
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Introduction Ma Foi Consulting Solutions Limited is pleased to present to you the results of the Compensation and Benefits survey duly completed for IAMAI. IAMAI and MCSL
had come together to do a Compensation and Benefits Benchmarking Study for the Internet and Mobile Industry in India for which the companies in this industry
have participated.
In this economy of new markets, leaner budgets and shrinking pools of quality talent companies are searching for ways to maximize revenue and optimize costs.
People are the only resource to confront constant change and unforgiving competition. Employers are trying to balance workforce costs while attracting and
retaining the right talent.
Human resource development has become important not only from the point of view of Indian companies but also the government, which wants to market it as the
nations competitive advantage. Paradoxically, talent of the kind many companies are looking for is not so easy to find even though India has a large trained
manpower pool. There is a supply-demand mismatch.
Employers are increasingly acknowledging that their pact with the employees should be mutually beneficial. So while pay levels are going up for employees,performance linked pay is becoming a significant component of the pay. There is a trend towards different rewards for high performance and acceptable
performance.
The purpose of the survey report is to analyse the market trends in compensation and people policies and practices among the surveyed companies. Market
trends for the total remuneration (based on standardised Ma Foi formats) of the different positions surveyed have been analysed for different statistical brackets.
The information is provided to help companies understand where they are vis--vis the market. The report gives market trends for the different benefits, policies,
non-monetary rewards, and performance assessments. The report also highlights people policies mentioned by the companies surveyed in the study.
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About IAMAIThe Internet & Mobile Association of India (IAMAI) is the premier trade association representing the online content and advertising, e-commerce and mobile
content and advertising industry. The association addresses the issues, concerns and challenges of the Internet and Mobile economy and takes a leading role in
its development. The Internet & Mobile Association of India (IAMAI) is a not-for-profit industry body registered under the Societies Act, 1896. Its mandate is to
expand and enhance the online and mobile value added services sectors. It is dedicated to presenting a unified voice of the businesses it represents to the
government, investors, consumers and other stakeholders. The associations activities include promoting the inherent strengths of the digital economy, evaluating
and recommending standards and practices to the industry, conducting research, creating platforms for its members, communicating on behalf of the industry and
creating a favorable business environment for the industry. The Strategic objectives of IAMAI are listed below:
Become the primary advocate for:
o the online content and business realization through advertising
o e-commerce and
o mobile content and business realization through advertising Provide a platform to discuss and evolve strategies to achieve the shared aspirations of the industry Prove and promote the effectiveness of online advertising, e-commerce and mobile advertising among advertisers, marketers and the media by building
credibility for the medium.
Educate the above communities about the core strengths and competencies of the Internet. Expand the breadth and depth of IAMAI membership while increasing direct value to members.
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About Ma Foi
Ma Foi is an international HR service provider servicing world class companies across the globe. Ma Foi which was started in 1992 has grown into a full spectrum
HR services provider for clients worldwide. Ma Foi offers the broadest HR services portfolio ranging from Executive Search, Staffing, Consulting and Outsourcing
to Automation and Training. The organization has built a network of offices across the country to be within reach of candidates and flex workers.
Ma Foi continues to focus on developing customized and innovative HR services, leveraging on its unique strengths of geographical presence and end-to-end
capability across all HR service functions. The ISO 9001:2000 certified process-driven approach, along with strong customer service has helped them to further
their insight and knowledge and thus enhance their quality of services. Ma Foi is a global one-stop-shop to meet all HR requirements - senior-level Search,
Database Selection, Turnkey Recruitment, Assessments and Human Resources' Consulting, Compensation Consulting and HR automation. Ma Foi offers the
following solutions in the HR consulting domain:
HR STRATEGY & SYSTEMS SOLUTIONS:This deals with HR systems, structures, policies and culture. Some of the major areas of our consulting are:
HR Strategy Organization Design / Redesign and Role and Responsibilities Mapping.
Competency Mapping and assessment Centre HR Systems Design. HR policies development and documentation
PRODUCTIVITY SOLUTIONS
Economic uncertainty, corporate structuring, stress levels, dissatisfaction or better financial or career growth prospects are important in todays context. Employee
loyalty and productivity have assumed paramount significance in the business world. Ma Foi collaborates with organizations to effectively motivate, enhance
productivity and performance and to retain employees. Ma Foi understands the clients requirements through an initial sensing and then offers appropriate
solutions such as:
Compensation Management Compensation and Benefits benchmarking surveys
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Commissioned surveys Syndicated surveys Compensation Structuring / Restructuring Design of Variable Pay Systems/Sales Incentive Plans/Profit Sharing plans Job Evaluation and Broad Banding
Retention management
Employee Satisfaction and Engagement Surveys
Exit Diagnostic
PEOPLE DEVELOPMENT SOLUTIONS
People Development Solutions team believes that training plays a significant role in the development of human resources. The company therefore provides end to
end customized training solutions by supporting the individual members in an organization and helping them develop themselves and their teams, while fulfilling
the organizational objectives. Apart from soft skill training programs, Ma Foi facilitators also conduct programs on Vision Mission, Goal Alignment, Organization
culture and value system etc.
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List of Positions covered
Sales/Business Development1. Executive / Sr. Executive / Asst. Manager/Deputy Manager
2. Manager / Team Leader
3. Key Account Manager
4. Branch / Regional / Area Manager
5. General Manager/Deputy General Manager
6. Head / VP / National Manager/Director
Marketing/Advertising/Communications
7. Executive / Sr. Executive / Asst. Manager/Deputy Manager
8. Executive / Sr. Executive / Asst. Manager Product / Brand Management
9. Manager / General Manager - Product/Brand Management
10. Head Of Department Marketing
Network/System
11. Network/System Administrator
12. Tech Support Engineer
Human Resources
13. Executive / Sr. Executive
14. Assistant Manager / Manager 15. General Manager/Head
Finance
16. Executive / Sr. Executive
17. Assistant Manager / Manager
18. General Manager/Head
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Legal19. Executive
20. Manager 21. General Manager/Head of Department
Client Servicing
22. Client Service Executive / Sr. Executive
23. Account Manager
24. Head of Department
Media Planning and Buying
25. Executive / Sr. Executive
26. Account Manager
27. Head of Department
Content/Creative
28. Content Writer / Copywriter / Content Developer
29. Content Manager / Content Specialist
30. Head Content / Creative Director
Technology
31. Software Developer / Engineer / Programmer
32. Graphic / Web Designer / Senior Designer
33. Search Engine Optimizer / Sr. Search Engine Optimizer Customer Service
34. Executive / Senior Executive
35. Assistant Manager / Manager / Team Leader
36. General Manager / Head
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Operations / Back Office
37. Executive / Senior Executive / Assistant Manager
38. Manager / Team Leader
39. General Manager / VP / Head
Design and Development
40. Software Engineer/Programmer/ Sr. Software Engineer
41. Help Desk Engineer/ Support Engineer
42. Web/Data Designer
43. User Interface Designer / Sr. User Interface Designer
44. Architect Server Development / Sr. Architect Server Development
45. Project Manager
46. Product Manager / Product Head
47. Vice President / Sr. Vice President Technology
Planning & Design 48. Business Analyst / System Analyst
49. Solutions Architect / Tech Architect/System Architect
50. Team Lead - Solutions Architect
Design & Integration
51. Software Developer / Engineer / Programmer
52. Team Lead / Tech Lead/Project Lead / Project Manager
Quality
53. Engineer
54. Manager
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Scope Of Work
Ma Foi Consulting Solutions Ltd conducted a Salary Benchmarking survey for the Internet and Mobile Industry of India, to give pay information needed, quickly
and accurately.
This Report consists of detailed information on benchmark positions/levels contributed by member companies in India. The report contains data on salaries,
allowances, benefits and bonuses of locally hired employees.
All of the data contained in this report have been carefully reviewed for validity, accuracy and reasonableness. Data has been collected by Ma Fois
consultants and validated through various sources. Ma Foi has put in best efforts to hit optimistic levels of accuracy while collecting and collating information
on compensation but in no way is to be held directly liable for any inferences drawn on the report submitted.
The contents of this report are designed to present a clear and comprehensive picture of pay and benefits practices in the participating companies, to the
extent of information shared and researched by Ma Foi through varied sources. Each section of the report contributes to a fuller understanding of the current
environment. We encourage you to review the entire report to derive maximum value from the information contained herein.
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Assumptions and Definitions
Cost to Company (CTC)
Total Guaranteed / Fixed part of the compensation of an employee which includes Cash and Retirals.
Variable Pay
The sum of all performance bonuses, profit share payments and commissions paid for an employee. In cases where actual payout figures were not available,
target figures have been included in the calculation
Statistical Terms
Minimum :The lowest figure recorded.
P10 : The figure below which 10% of the relevant data fall.
P25 : The figure below which 25% of the relevant data fall.
P50 : The figure above and below which 50% of the relevant data fall.
P75 : The figure below which 75% of the relevant data fall.
P90 : The figure below which 90% of the relevant data fall.
Maximum :The highest figure recorded.
The market range of data in the report is represented depending upon the number of data points available for a position or a compensation and benefit
element
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COMPENSATION ANALYSIS
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Compensation Analysis
Analysis of the compensation data has been carried out functionally. The functions covered for the study are in the following order:
1. Sales/Business Development
2. Marketing/Advertising/Communications
3. Network/System
4. Client Servicing5. Media Planning and Buying
6. Content/Creative
7. Technology
8. Customer Service
9. Operations / Back Office
10. Design and Development
11. Planning & Design
12. Design & Integration
13. Quality & Legal
14. Human Resources & Finance
The compensation data presented in the tables is for Total Guaranteed / Fixed part of the compensation of an employee which includes Cash and Retirals.
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1. Sales and Business Development Function (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Executive / Sr. Executive / Asst. Manager/Deputy Manager 130 188 260 324 450 531 656
Manager / Team Leader 300 400 460 728 955 1092 1300
Key Account Manager 472 522 596 889 1298 1411 1750
Branch / Regional / Area Manager 500 590 764 1186 1593 1858 1900
General Manager 1000 1100 1250 1500 2000 2644 3074
Sales andBusiness
Development
Head / VP / National Manager/Director 1362 1505 1600 2750 3055 4640 6144
0
2000
4000
6000
8000
Sales and Business Development
MinMedian
Max
Min 130 300 472 500 1000 1362Median 324 728 889 1186 1500 2750Max 656 1300 1750 1900 3074 6144
Executive / Sr.
Manager /
KeyAccount
Branch /
GeneralManag
Head / VP /
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2. Marketing, Advertising and Communications (In 000s)
Function Position Min P10 P25 Median P75 P90 MaxExecutive / Sr. Executive / Asst.Manager/Deputy Manager 228 310 369 424 528 582 641
Executive / Sr. Executive / Asst. Manager Product / Brand Management 300 430 496 558 626 851 1002
Manager / General Manager -Product/Brand Management 710 828 986 1265 1525 2530 3200
Marketing/Advertising/Communications
Head Of Department Marketing1200 1425 1896 2000 2556 3525 4313
0
2000
4000
6000
Marketing /Advertising/ Communication
MinMedianMax
Min 228 300 710 1200
Median 424 558 1265 2000
Max 641 1002 3200 4313
Executive / Sr. Executive
Executive / Sr. Executive
Manager / General
Head OfDepartment
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3. Network Support/Security (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Network Administrator/System Administrator 180 200 325.5 400 600 605 858Network/Security
Tech Support Engineer 140 164 200 351 370 508 600
0
500
1000
Network/System Security
Min
Median
Max
Min 180 140
Median 400 351
Max 858 600
NetworkAdministrator/System
Tech SupportEngineer
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4. Client Servicing (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Client Service Executive/ Sr Executive 200 276 325 385 401 425 480
Account Manager 360 398 455 550 647 700 810Client
Servicing Head of Department 823 1100 1250 1512 1750 1921 2000
0
500
1000
1500
2000
Client Servicing
MinMedianMax
Min 200 360 823
Median 385 550 1512
Max 480 810 2000
Client ServiceExecutive/ Sr Account Manager
Head ofDepartment
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6. Content/Creative (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Content Writer / Copywriter / Content Developer 150 186 205 300 375 550 936
Content Manager/ Content Specialist 400 513 602 715 832 920 1320Content/Creative
Head - Content / Creative Director 600 710 800 1100 2009 2894 4150
0
1000
2000
3000
4000
5000
Content/Creative
MinMedianMax
Min 150 400 600
Median 300 715 1100
Max 936 1320 4150
Content Writer /
Copywriter /
Content Manager/
Content Specialist
Head - Content /
Creative Director
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7. Technology (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Software Developer / Engineer / Programmer 180 198 210 300 488 572 858
Graphic / Web Designer/Sr Designer 200 250 300 400 625 660 1092
Technology Search Engine Optimizer (SEO)/ Sr SEO 220 300 375 500 654 756 1086
0
500
1000
1500
Technology
MinMedianMax
Min 180 200 220Median 300 400 500
Max 858 1092 1086
SoftwareDeveloper /
Graphic / WebDesigner/Sr
Search EngineOptimizer
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11. Customer Service (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Executive / Sr. Executive 150 165 194 221 242 280 360
Asst. Manager / Manager / Team Leader 250 360 470 640 898 1116 1980Customer
Service General Manager / Head 600 680 800 970 1000 3055 4426
0
1000
2000
3000
4000
5000
Customer Service
MinMedianMax
Min 150 250 600
Median 221 640 970
Max 360 1980 4426
Executive / Sr.
Executive
Asst. Manager /
Manager / Team
General Manager /
Head
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12. Operations Back Office (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Executive / Sr. Executive Asst. Manager 110 164 250 300 334 365 400
Manager / Team Leader 300 360 425 550 820 925 950Operations/Bac
k Office General Manager / VP / Head 440 518 635 1179 1678 1987 2543
0
500
1000
1500
2000
2500
3000
Operations/BackOffice
MinMedianMax
Min 110 300 440
Median 300 550 1179
Max 400 950 2543
Executive / Sr.Executive Asst.
Manager / TeamLeader
General Manager / VP / Head
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13. Design and Development (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Software Engineer/Programmer/ Sr. Software Engineer 200 265 290 350 410 480 512
Help Desk Engineer/ Support Engineer 150 190 215 265 325 360 405
Web/Data Designer 200 282 310 365 485 560 620
UI Designer / Sr. UI Designer 300 380 463 500 690 880 1000 Architect Server Development / Sr. Architect Server Development 700 745 813 925 1250 1700 2000
Project Manager 546 638 721 936 1075 1440 1800
Product Manager / Product Head 500 650 725 1365 1910 2700 3000
Design &Development
Vice President / Sr. Vice President Technology 972 1289 1750 2500 3361 4560 5400
Design and Development
0
1000
2000
3000
4000
5000
6000
MinMedianMax
Min 200 150 200 300 700 546 500 972
Median 350 265 365 500 925 936 1365 2500
Max 512 405 620 1000 2000 1800 3000 5400
SoftwareEngineer/Pr
Help DeskEngineer/
Web/DataDesigner
UI Designer / Sr. UI
ArchitectServer
ProjectManager
ProductManager /
VicePresident /
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14. Planning & Design (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Business Analyst / System Analyst 300 340 480 590 689 832 980
Solutions Architect / Tech Architect/System Architect 400 445 515 625 1000 1540 1900Planning
& Design Team Lead - Solutions Architect 500 545 610 725 1000 1360 1600
0
500
1000
1500
2000
Planning and Design
MinMedianMax
Min 300 400 500
Median 590 625 725
Max 980 1900 1600
Business Analyst / System Analyst
Solutions
Architect / TechArchitect/System
Team Lead -
SolutionsArchitect
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15. Design and Integration (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Software Developer / Engineer / Programmer 200 240 300 339 650 920 1000Design
and
Integration Team Lead / Tech Lead/Project Lead / Project Manager 500 570 643 690 889 1315 1700
0
500
1000
1500
2000
Design and Integration
MinMedianMax
Min 200 500
Median 339 690
Max 1000 1700
Software Developer / Engineer / Programmer Team Lead / TechLead/Project Lead /
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16. Quality and Legal (In 000s)
Function Position Min P10 P25 Median P75 P90 Max
Engineer 200 245 320 395 498 567 945Quality Manager 320 425 654 879 1441 1876 2132
Executive 200 250 325 450 575 650 700
Manager 510 530 600 800 1115 1470 1911Legal GM/Head of Department 989 1156 1389 1568 1897 3897 5735
0
1000
2000
3000
4000
5000
6000
Quality and Legal
MinMedianMax
Min 200 320 200 510 989
Median 395 879 450 800 1568
Max 945 2132 700 1911 5735
Engineer Manager Executive Manager GM/Head of
Quality Legal
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PEOPLE POLICIES
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Leave & Holidays
Leave as a benefit is provided by all organizations in the comparator basket to employees across all levels. The IAMAI-Ma Foi study indicates that organizationstypically classify leave as Annual Leave, Sick Leave and Casual Leave.
Annual Leave: Annual leave is to provide the employee a reasonable break in the normal occupation and an opportunity for rest and recuperation with a view to
maintaining good health and revitalization.
As per the study all the companies were providing annual leave to their employees. Different companies followed different practices for distributing leave. The
patterns observed for Annual leave is as given below:
Provision of Annual Leave
12 days
22%
18 days22%
20-24 days45%
30 days11%
12 days
18 days
20-24 days
30 days
Typically organizations specify uniform entitlement to all employees. Accumulation limit for Annual Leave ranges from 0 to 60 days, beyond which the leave is
forfeited. Some companies provide leave encashment upto a maximum limit of leave accumulation.
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Sick and Casual Leave
As per the study, most of the organizations provide up to 15 days of Sick and Casual Leave each to employees. Typically organizations specify uniform
entitlement to all employees. Some companies clubbed all the leave under annual leave category and did not provide sick or casual leave. The entitlement rangefor Sick Leave varies between 6 and 15 days and for Casual Leave it varies between 6 and 12 days. Accumulation limit for Sick Leave is up to 15 days. In most
companies the casual leave would lapse at the end of the year if not availed.
Holidays
Most of the organizations surveyed provide 10-15 days holidays as per the stipulated number of holidays in the country. None of the companies surveyed
differentiate holidays between their Head office and regional offices.
Number of Holidays
37%
13%
37%
13%
12 days
11 days
10 days
8 days
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Probation and Confirmation
All the organizations surveyed have a probationary period for their employees.
Length of probation
Ranges between 3 and 6 months across management levels as illustrated alongside. One of the surveyed companies has a one year probation period for their
management and graduate trainees.
0 10 20 30 40 50 60 70 80 90 100
Percentage Break up
Mgmt Trainee/Grad. Engr
Junior Management
Middle Management
Senior/Top Management
L e v e l
Probation Period
3 months
6 months
1 Year
NA
Confirmation processMost of the organizations have a formal written confirmation process whereas in few (20%) organizations the employees are automatically confirmed at the end of
the probation period.
Salary increase after confirmation
Eighty percent of the companies surveyed do not have a salary increase policy after confirmation of employees. Those companies that do give a salary increase
to employees give it on the basis of management discretion or performance.
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Salary Review
Most of the companies have a salary review on an annual basis. Those companies that follow a bi-annual salary review policy usually review the salaries of
employees in the month of April.
Frequency of Appraisal
70%
10%
20%
Yearly Appraisal
Bi Annual Appraisal
Anniversary of Appointment
The companies having an annual appraisal carry out the same in the months as shown below:
Month of Appraisal
January14%
March14%
April58%
October14%
January
MarchApril
October
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The following parameters are used as the basis of computing salary increase for an employee.
Determinants of salary increase
All companies determine the salary increase as per the market pricing within the industry. Recommendations by the functional head and internal company
assessment as per overall business strategy are other important factors considered by companies.
36%
32%
32%
Based on market pricing within the sameindustry
Based on the recommendations by theFunctional head
Internal assessment of the company basedon the overall business st rategy
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Average Salary increase
The participating organizations gave a salary increase percentage ranging between 8 and 25%, 16% being the median. The median proposed salary increase is
19%.Percentage of employees covered
Most companies surveyed cover 80 100 % of employees in the salary increase policy.
Variable Pay
Fixed Bonus
10% of the companies surveyed have a fixed bonus plan where the employees get a fixed amount that varies across management levels. Some companies give a
percentage of the Basic Salary towards fixed bonus.
Performance Bonus/Variable Pay
The criteria considered for Variable pay are as follows:
1. Individual performance
2. Pre-set targets
3. Company performance
4. Team performance
5. Business unit performance
Performance Bonus/Variable Pay
0
1
2
3
4
5
6
Individual Performance P reset Targets Company Performance Bus iness UnitPerformance
Team Performance
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Trends observed in the survey for the disbursal of performance pay/variable bonus are as given below:
1. Quarterly
2. Semi Annual3. Annual
Profit Sharing plan
Few organizations surveyed (10%) have a Profit sharing plan in place. The basis for determining the entitlement amount is usually by established formula or
management discretion. Only Senior and Top management are eligible for the Profit sharing plan.
Frequency of payment is annual incase of profit sharing plan.
Incentives/Commission earnings
20% of the organizations have a Commission scheme in place for their employees. The frequency of payment was observed to be annual in the surveyed
companies
Management Level
Minimum % of target to
be achieved for
eligibility
Top management 80 100%
Sr. management 80 100%
Middle management 80 100%
Jr. management 100%
In c e n t iv e / C o m m is s i o n P la n
2 0 %
8 0 %
Y e sN o
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Perquisites
Company provided accommodation
Companies provide accommodation only to Senior and Top management. Few companies (10%) provide company leased accommodation. None of thecompanies pay Housing Deposit or house maintenance expense to the employee.
Telephone usage
Few (40%) of the companies provide telephone usage expense as a perquisite to employees. The telephone expense is provided at actuals for the Senior and
Top management and as a fixed amount to employees at other levels, usually as per the grade of the employee. There has also been an observed trend of
providing black berry phones to the Senior and Top Management teams in the organizations.
Company Car
It has been observed that company car is provided by employers to middle, senior and top management employees. Fuel expenses are provided to employees at
actuals or as a fixed entitlement. Drivers cost is also reimbursed to employees in senior/top management.
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Insurance
Hospitalization Insurance
Most of the companies surveyed provide Hospitalization insurance to employees across all levels. The employee, spouse and dependant children are covered bythe policy and the sum assured is in the range 2 to 6 lacs. The usual practice is that the total cost is borne by the employer.
Insurance Benefits
50%
36%
14%
Hospitatalization Insurance
Accident Insurance
Life Insurance
Accident Insurance
Many (60%) of the companies provide Accident Insurance to the employee ONLY, and not to any dependant. The sum assured is usually a fixed amount ranging
from 5 lakhs to 50 lakhs or specified as number of months of Basic.
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Retirement
Retirement Age
The retirement age of employees is in the range 58 to 65 years, 59 being the median retirement age.
Gratuity
Gratuity as a retrial benefit is paid to employees as per the Payment of Gratuity Act by close to 80% of the companies. The minimum service period required is 5
years and there was no limit on the benefit paid.
Provident Fund
Provident Fund, as a retiral benefit, is provided by most companies surveyed (70%), as a percentage of Basic. The benefit is administered by the Regional
Provident Fund Commission.
Provision of Provident Fund
70%
30%
Yes
No
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Attraction and Retention
The Attraction and Retention practices observed from this survey are similar to what was observed in the previous Compensation and Benefits Survey conducted
for the industry.Sources of Recruitment
The various sources of recruitment used by the companies surveyed are as follows:
1. Selection firms
2. Direct applications
3. Personal network
4. Employee referrals
5. Job portals
6. Advertisements
Web based recruitment (job portals) is the most frequent source of recruitment used by the surveyed companies.
Attraction tools
The most frequent tools used by companies to attract employees are:
1. Career growth opportunities
2. Additional benefits
3. Variable Pay
4. Flexible work schedules
5. Advanced training opportunities
Target Industries for Recruitment
1. Competitors within the industry
2. IT/ITES
3. Telecom
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Reasons for employees leaving the organization
In the opinion of various companies surveyed, the various reasons for employees leaving organizations are:
- Better pay opportunities- Better growth in career - Dissatisfaction at the workplace- Personal reasons
Motivators for Employee Retention
From the employers perspective, the following are the key motivators for retention of employees:
- Pay above market- Market adjustments to base salary- Employee referral bonus- Cash Incentives- Long term incentives
- Recognition awards- Growth opportunities
Reason for difficulty in recruiting
From the employers perspective, the following are the reasons for difficulty in recruiting suitable candidate sin these positions:
- Requirement of rare skill set- Low initial salary- Non-availability or inadequacy of suitable skill set- Mismatch in employees need to work with a big MNC brand and the small size of the company/industry- No steady/consistent recruitment source
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ANNEXURE
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ANNEXURE 1 JOB DESCRIPTIONS OF THE POSITIONS SURVEYED
Designation Department Job Profile
Executive / Sr. Executive / Asst.
Manager/Deputy Manager Sales/Business Development
Carry out Business Development activities
Develop Competitive strategies
Acquire Market Intelligence
Ensure Target achievementHandle Presentations & training
Ensure Order closing
Ensure proper negotiations
Handle Collections/Payments
Customer/Distributor Relationship mgmt
Manager / Team Leader Sales/Business Development
Concentration on location profitability
Monitoring sales processes
Recruiting & managing team of Sales Executive / Sr. Executive / Asst.
Manager/Deputy Manager
Makes strategies for market penetration.
Planning/Implementing Mktg Strategies taking new Initiatives.
Achievement of Targets allocated
Key Account Manager Sales/Business Development
Responsible for handling Key Account in the region, handling Institutional
Sales, generating sales thru existing clients and developing new clients.
Meeting Targets as per the productivity norms set by the Vertical Head.
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General Manager / Head HR
Overall Responsibility of managing the HR Department, To ensure
compliance of all corporate policies of HR. Responsible for recruitment,
training, appraisals, compensation mgmt, statutory compliance, grievancehandling & general administration. Guide & mentor a team across location &
Business verticals
Executive / Sr. Executive Finance
MIS, Sales Tax, Excise, Service Tax Related, Invoicing, Export collection
documents submission and reconciliation with bank for compliances,
Handling Bank Reconciliation, Managed accounts with responsibility for
Forecasting, Employees Compensation, Accounts Payable and Receivable,
Handled Cash and Banking Work, Maintained Petty Cash Book.
Asst. Manager / Manager Finance
MIS Budgeting, Analyses Business Performance, MIS & Reports, Financial
Analysis, Financial planning & organizing annual budgeting calendar,
Controlling of Finances &capital expenditure. Accounting related decisions,
Budgeting, Finalization of Financial Statements with analysis of
variances.Mgmt reporting for decision-making .MIS Preparation.
General Manager / Head Finance
Overall Responsibility of managing Finance and treasury related matters,
ensuring proper and timely maintenance of financial records.
Executive Legal
Obtaining & renewal of licenses. Maintaining & updating all files. Reply to all
legal notices in co-ordination with respective consultants, Preparation of sale
deed, arrangement of stamp etc. Proof checking of all Legal documents atoffice/ party's office. Ensuring submission copies of Registry and other
related documents to Accounts Department. Ensuring filing and submission
of schedules forms of existing properties
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Manager Legal
Vetting of all documents. Obtaining Legal compliances with various
concerned authorities. Due diligence in Revenue records. Verification of all
documents; Overseeing submission copies of Registry and other relateddocuments to Accounts Department also overseeing filing and submission of
schedules forms of existing properties
GM/Head of Department Legal
Heading the legal department of the company independently, leading a team
of people and coordinating with external agencies for all legal and allied
matters.
Client Service Executive/ Sr Executive Client Servicing
Independently handles high profile brands in an extremely high speed work
environment. Executes, coordinates and handles existing clients as well as
newly developed clients. Manages client-agency interests which is the focal
point of functioning
Account Manager Client Servicing
He keeps a day-to-day point of contact with clients, articulating client
requirements to the team members, ensuring smooth running of the project &key deliverables-onetime, on budget, on specifications etc. & Keeping track
of the projects status.
Head of Department Client Servicing
Independently prepare client proposals/presentations based on client brief,
Manage the working of the CSE/Sr CSEs, Account mining (generate new
business from the account), Responsible for all commercials for the account,
manage one or more large accounts through team of CSM's/Sr CSE's,Manage the workings of the account team, Carry the business & commercial
targets for the account(s), Analyze & value add to existing projects being
executed, Independently manage these accounts
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The job in ol es creati e designing independentl generating concepts and
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Graphic / Web Designer/Sr Designer Technology
The job involves creative designing, independently generating concepts and
ideas. Besides having sound lay outing and design /art knowledge. Handles
website designing
Search Engine Optimizer (SEO)/ Sr
SEO Technology
Develops and maintains templates and standards for web page addition and
development; Works with and Brainstorms with senior management to
determine future direction and growth of the company via SEO; Maintains
subject matter on SEO developments and techniques; Maintains all
documentation that pertains to the above responsibilities; Works with content
development and product development to make sure that SEO norms are
being followed while publishing new pages and/or services; Being the Point
of Contact for any SEO issues; Training, managing and mentoring
subordinates; Reporting activities on a weekly basis
Executive / Sr. Executive Customer Service
Provide essential customer service on the aspects of fund transfer, bill
payment, Attending customers complaints and solving the same.
Asst. Manager / Manager / TeamLeader Customer Service
Responsible for co-ordination for various process related follow-ups,
Responsible to maintain Team MIS, Responsible for timely uploads of data,
Responsible for ensuring customer complaint documentation & updation,
Responsible for maintaining training material and team briefings on new
updates and refreshers, Maintaining & Updating of Data base of Corporate
within circle along with all contact details of the Key contact with eachdecision making unit
General Manager / Head Customer Service
Responsible for Setting Up & Efficiently managing the Customer Service
Division, responsible for managing a team of customer service/ operations
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support material to the sales and marketing teams
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support material to the sales and marketing teams
Architect Server Development / Sr.
Architect Server Development Design & Development
Responsible for timely development of all services, Will lead the respective
service developer teams and advise them on server architecture and
software development patterns and practices, Will interact with design and
policy team for preparation of implement able specifications, Will work
closely with product management team for development scheduling and
requirement fulfillment, Work with client team for client server protocol
refinement and definition, Work for resolution of pitfalls in technology,
architecture and resourcing, Will interact closely with Implementation team
for product deployment and localization on commercial networks, Will be
representing the company at highest levels in dealing with our esteemed
customers
Project Manager Design & Development
Responsible in managing overall delivery of projects related to value added
services. Role holder will directly interface with customers, develop andmanage project plans, co- ordinate between various internal departments
and resources, track and report results
Product Manager / Product Head Design & Development
Responsible for the overall Product Management, Conceptualization of New
Product, Technical Product document creation for technical Team, Product
marketing documentation & presentation for sales team, Implementation of
product, Deployment across networks, Driving Traffic & Revenue.
Vice President / Sr. Vice President
Technology Design & Development
Participate in the evolution of product concepts & designs, Streamline
software development processes , Recruit & mentor technologists in various
product groups, Guide technical leads in achieving their technical goals
associated with their product lines, Establish process for sharing of technical
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associated with their product lines, Establish process for sharing of technical
resources/IP/etc between product teams , Provide guidance to network
operations team
Business Analyst / System Analyst Planning and Design
Requirement Analysis, Scope document, Work Breakdown Structure
Document, Assisting Business Development team in understanding technical
aspects of client's requirements, Technical Design Documents of finalized
projects, Understand client requirements, design high level Internet
applications, coding and testing; Independently handle client communication
and manage client expectation in terms of schedule and quality
Solutions Architect / Tech
Architect/System Architect Planning and Design
To analyze the customer's business requirements and suggest solutions, To
handle change requests related to the solutions, Knowledge Transfer to the
local Solution managers/ Architects, Secure the function and technical quality
of deliveries (solution binder) in customer contracts/projects, Guard and/or
handle change requests and the consequences of such requests for
delivered offers and/or ordered deliveries.
Team Lead - Solutions Architect Planning and Design
Mentor and assist the team in analysing, designing, coding, testing,
debugging and documenting solutions, Provide technical leadership for
firmware development. Manage team for career development, work load
leveling, technical mentoring and training.
Software Developer / Engineer /Programmer Development & Integration
Responsible for System Study, Software Design, Software Development,Implementation, Testing, Trouble Shooting
Team Lead / Tech Lead/Project Lead /
Project Manager Development & Integration
Manage and execute assigned project or subproject in a large program,
Understand all aspects of client requirements, Use project management
methodologies, quality standards and technical concepts to execute a project
to the full satisfaction of the client, Understand client requirements and work
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, q
with designers and developers, Manage a team of people, Ensure project
completion in timely manner while utilizing resources as per budgetprovisions, Give periodic status reports as required, to keep management
and client in synch with project progress
Engineer Quality
Controlling quality in all areas, handling customer complaints, assisting in
development activities, implementing quality systems, Quality auditing, etc
Manager Quality
Undertake Strategic projects and initiatives to meet & exceed customer
SLA's, Act as a technical expert, coaching and mentoring Process Owners
and Team Members, Conduct training sessions for; Map Business
Processes & Identifying Improvement Opportunities; Drive continuous
improvements, Develop, implement, monitor and report on quality and
reliability goals, internal and customer-facing metrics, Develop and support
technology solutions to support process quality and re-engineering efforts,
Develop Systems and Structures for New Processes and improve current
processes
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Published By:Dr. Subho Ray, President, on behalf of Internet and Mobile Association of India,406, Ready Money Terrace, 167, Dr. Annie Besant Road, Worli, Mumbai 18
For details, please contact:Mr. Gaurav Chopra, IAMAI,[email protected] Mr. Kalpesh Vohra, Ma Foi,[email protected]