Submitted By
Krima Shah

---

[attachment=11325]
1) Compensation structure of the Telecommunication Sector
Indian telecommunication sector is witnessing a growth rate of more than 25%. With the upcoming of new upgraded technologies such as 3G, the sector will be experiencing a growth rate of more than 100%. Public players and private players are competing with each other and are developing themselves to produce more quality and deliver advanced technologies. Top players in the segment such as Bharti Airtel, Reliance Communications, Tata Teleservices, Idea Cellular, Hutchison, Essar, Nokia, Siemens, LG, Motorola, etc are investing in new projects to accommodate the 3G technology.
With the business expansion and globalization of Indian organizations more and more recruitments are taking place in the sector. The sector has also provided jobs in marketing, installation and construction segments. Immense competition has led the organizations hire more and more skilled labour, be it for upgrading their technologies or marketing their products. Organizations are offering most competitive packages to attract and retain talented human resource.
 Entry Level Compensation Packages
 Management Level Compensation Packages
Telecommunication provides for excellent growth opportunities. In the global competitive environment experienced people have an upper hand in selecting an organization. Organizations need to offer most competitive packages and heavy perks to attract and retain the talented work force.
Effective communication skills, good analytical skills and sound technical knowledge are must to have a respectable position in telecommunication sector. Organizations such as Idea Cellular, Tata Teleservices, Reliance Communications, Bharti Airtel, Nokia, Siemens, ericcson, Motorola, etc are advancing their technologies and providing most competitive compensation packages.
People working in telecommunication sector are asked to work at stretch and in pressure. Also, the level of experience determines one’s level of compensation package and position in the industry.
2) Compensation structure of the IT Enabled Services
With IT industry at the boom, Indian IT-enabled services are also enjoying the returns. Recruitments are taking place at a high rate. It has also given rise to the outsourcing industry. IT-enabled services cover a rage of service sectors like BPO, KPO, Hardware and Software. The compensation packages in the sector vary from job-job and company to company. Experience level also forms an integral part of the compensation package.
 Compensation Packages in BPO & KPO
BPO and KPO units have entered the Indian markets with lucrative compensation packages and high incentives. Most of the organizations in the segment are foreign-owned. Few of the Indian organizations have also come with the BPO and KPO units.
The organizations are attracting young talent by offering lucrative compensation packages.
 Compensation Packages in Software & Hardware Services
Software & Hardware services have created lots of jobs in the sector. Fresh and experienced engineers are offered jobs with high packages. Top players like Microsoft, Oracle, IBM, HCL, Infosys, Satyam, Sify, Wipro, LG, and Samsung are offering lucrative packages to attract and retain talented workforce
 Entry Level Compensation Packages
 Management Level Compensation Packages
Employees need to work hard and achieve their targets in order to be in the lime light. High attrition rate has caused organizations offer high compensation package. Compensation plays an important part here. When the employees are provided with good packages they produce well and maintain their stability but if not they cause high attrition rate.
KPO, BPO, software and hardware services offers handsome salary packages and high incentives to managerial level positions. The project managers and other top management employees enjoy monetary and non-monetary benefits from the organization. The organizations offer lucrative benefits to retain the talent in the competitive environment.
With The software and hardware industry is in need of talented programmers, testers, developers and analysts to improve their productivity. Educational institutes are updating their syllabi every year to deliver updated and skilled human resource. The organizations are also providing for educational programmes for their employees or their development to reduce the recruitment cost.
3) Compensation structure of the IT Sector
Indian IT industry is witnessing a high growth rate. The sector is recruiting more and more technical and professional people. The growth rate of recruitment in the sector has been observed as 14.5%. With the immense recruitments and high attrition rate, organizations focus on higher competitive packages.
The compensation package for an employee is based on various factors such as his/her educational level, relevant experience in the industry, job’s position in the hierarchy, skills and attributes and job related technicality. The average salary offered as per the experience level of the candidate is as follows:
 Entry Level Compensation Packages
Indian IT industry provides a lucrative compensation package provided for entry level jobs. Top players like TCS, Wipro, Infosys, Sasken, IBM, Accenture and other multinationals and locally owned organizations are providing most competitive packages to attract and retain talented human resource.
Indian IT sector offers various job openings to fresh engineers or diploma holders. The candidate aspiring to join an IT organization should posses certain technical and non-technical skills and attributes. Attainment of qualified degree or diploma certificate from a reputed institute/university would be an added advantage. Besides the pay packages, employees are also given certain monetary and non-monetary benefits such as allowances, accommodations, respective positions, perks, incentives, insurances, etc. These benefits differ from organization to organization.