Bengaluru keeps coming in surveys. First it was known as one of the cheapest city in the world to live in. And now, in this recent survey, it tops the list of the the highest paying city for talent according to a Randstad study. According to the human resource consulting firm’s study, the city’s average annual cost to company (CTC) for talent across all levels and functions in namma ooru stood at Rs 10.8 lakh per annum. Bengaluru is followed by Pune at Rs 10 lakh per annum. We asked city professionals if they agree with this moniker and also get inputs from people who shift to Bengaluru in search of a raise.
Steffi Stephens, a marketing manager, moved from Delhi to Bengaluru a few months ago, and reveals, “There is definitely a difference in the pay in Delhi and in Bengaluru but I might not necessarily agree that it is the highest paid in the country. Though one of the reasons I moved here was because of a salary hike but there were other reasons too, so I don’t see how it is true.”
The report analysed 1,00,000 jobs across 20 industry verticals and 15 functions and among them was the IT sector, where they found that the IT sector, offers an average annual CTC of Rs 9.1 lakh p.a.
Many IT professionals don’t agree. Kunal Sharma, a Delhi-based software engineer, moved to Bengaluru for his job, and says, “I don’t think Bengaluru is the highest paying city. Being in the IT industry, I am being paid minimum wages. As compared to expenses in this city, I am being paid nothing.”
HR executive in an MNC, Richa Kumar feels that “The salaries really vary from one company to another, even though I have seen many people move to the city because the companies here are able to compensate a better pay and better benefits to the employee which other cities weren’t able to compare to. That is mostly because Bengaluru is an IT hub and is known to have the best people in that industry in one city so companies invest more where better talent is found and companies do anything to get the best people to work for them.”...