Here’s how much an IT employee makes in different countries
- The IT sector has been projecting the highest salaries in the US.
- India ranks sixth on the global charts for the highest-paid salaries in India.
- According to World Economic Forum, the IT sector is expected to create nearly 133 million new jobs by 2022.
Driven by demand for skilled workforce in emerging technologies including Big Data, Artificial Intelligence and cyber security, the information technology sector has been projecting higher salaries to fill its talent pool.
On an average, salaries of full-time employees in the IT industry ranges from $17,641(nearly ₹1.23 million) to $1,18,836 (₹8.25 million), according to a stock broking firm Prabhudas Liladher— with the US extending highest salaries to its employees. While India ranks sixth in terms of employee remuneration.
|Highest paying countries||Average Salary offered(USD) per annum in 2018|
|USA||1,18,836 ( ₹8.25 million)|
|India||17,641 ( ₹1.23 million)|
According to the data accumulated over the last seven years, US working professionals have been offered the highest and consistently growing salaries in the IT sector. Overall, the country has an average take home salary as $60,717( nearly ₹4.2 million), as per the data by Management Development Institute (MDI) World Talent Ranking.
Following the trend, China and Canada have also shown a positive growth in salaries, owing to the new technologies fueling the job market. However, Indian working professionals witnessed a significant dip in salaries in the last seven years — from $20,372( ₹1.41 million) in 2012 to $17,641 (₹1.23 million) in 2018. The noted drop in salaries may be due to the reduction in manpower as automation took over majority of tasks.
The trend shows the gap among the leading countries for the IT job roles, compared to India. However, the IT sector seems to be bracing up for extensive hirings in India.
The emerging digitalisation will eventually lead to a rise in demand for workforce skilled in automation tools including artificial intelligence and machine learning.
According to World Economic Forum, the IT sector is expected to create nearly 133 million new job opportunities by 2022.
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