TeamLease Services Report Projects Salary Growth of 8.6% to 10.2% Across Industries in FY 2026–27; EV, FinTech and Engineering Lead Hiring Momentum

• The report highlights engineering-led roles as key salary growth drivers, with Electrical Engineers at 11.2%, Project Engineers at 10.7%, and Quality Control Inspectors at 10.9%. 

• It also highlights compensation divergence, with Manufacturing, Engineering, and Infrastructure at 11.4% having the highest variance, while IT at 4.9% and FinTech at 4.8% remain stable.

Bengaluru, 9th June, 2026:  As India’s labour market continues to evolve through sectoral transformation and skill-led hiring, TeamLease Services’ latest report Jobs and Salaries Primer FY 2026–27, highlights a stable yet differentiated salary outlook across industries. The report projects average salary increments of 8.6% to 10.2%, underpinned by sustained demand for skilled and execution-focused talent. Based on insights from 1,268 businesses across 23 industries and 20 cities, the report also identifies Chennai, Pune, Hyderabad, and Ahmedabad as key salary growth hubs in India’s evolving employment landscape.

According to the report, high growth industries are expected to register salary increments in the range of 9.6% to 10.2%, led by EV and EV Infrastructure, FinTech, Healthcare and Pharmaceuticals, and Power and Energy. This upward trend is further reinforced at the role level, with Electrical Engineers projected at 11.2%, Quality Control Inspectors at 10.9%, IT Support Executives at 10.3%, and both Quality Assurance Engineers and Site Engineers at 10.2%.

Industries under the sustainable growth category, including Automotive, Retail, Insurance, and BPO, are expected to follow with increments between 8.9% and 9.5%. While overall growth remains moderate, select roles continue to push beyond this band, led by Project Engineers at 10.7%, and EHS Officers, IT Support Executives, and Relationship Executives at 10.1%.

A more measured compensation trend is visible across gradual growth industries such as Banking, Construction and Real Estate, Telecommunications, and Textiles, where increments are projected between 8.6% and 8.8%. Even within this conservative range, certain roles stand out, including Site Engineers at 9.8%, Telecallers at 9.7%, and IT Support Executives, along with Financial Reconciliation Analysts at 9.5% each.

Across functional areas, growth momentum is most visible in Sales and Marketing, Engineering, and IT. Within Sales and Marketing, Relationship Executives in NBFCs are expected to see increments of 10.1%, while Marketing Executives and Showroom Sales roles in Automotive, along with Area Sales Managers in FMCG, are projected at 10%, indicating consistent demand across financial services, mobility, and consumer-facing segments. In IT, Associate Software Engineers are projected to grow at 9.7%, while IT Support Executives continue to see steady demand across Information Technology, Healthcare, and Pharmaceuticals, reinforcing the importance of foundational digital roles in enterprise transformation.

The blue-collar segment is also witnessing steady progression, supported by infrastructure expansion, manufacturing recovery, and the scaling of the EV ecosystem. EV Charger Installation Technicians are projected to register salary growth of 10.3%, while Field Service Technicians and Logistics Loaders or Unloaders are expected to grow at 9.6% and 9.5%, respectively. Service Technicians in Consumer Durables are projected at 9.4%, reflecting increasing formalisation of operational roles and a rising premium on specialised technical capabilities in field operations.

Commenting on the findings of the report, Balasubramanian A, Senior Vice President, TeamLease Services, said, “India’s salary landscape in FY 2026–27 is becoming more differentiated and execution-led. Increment trends are increasingly being shaped by sector-specific growth and specialised skills. At the same time, compensation growth is no longer concentrated only in traditional metro markets. Emerging cities are steadily strengthening their position in the talent economy, supported by industrial expansion, enterprise investments, and evolving business ecosystems. The overall trend points towards a more balanced and distributed employment market across industries and regions.” 

The report also highlights widening structural differences in compensation between permanent and temporary roles, signalling evolving employment models across industries. Information Technology at 4.9%, FinTech at 4.8%, Power and Energy at 4.3%, and Travel and Hospitality at 4.2% continue to show the lowest variance. In contrast, Logistics at 7.1%, Agriculture and Agrochemicals at 6.8%, Educational Services at 6.5%, and Construction and Real Estate at 6.2% indicate moderate variation. Manufacturing, Engineering and Infrastructure at 11.4%, Insurance at 9.9%, Banking at 9.8%, and Healthcare Pharmaceuticals at 9.3% exhibit the highest variance, reflecting sharper differentiation in pay based on role complexity, skill depth, and employment type.

At the city level, Chennai at 9.7%, Pune and Hyderabad at 9.6% each, and Ahmedabad at 9.5% are set to lead salary increment markets in FY 2026–27. Emerging cities, such as Visakhapatnam at 9.5% and Nagpur at 9.4%, are also gaining traction, supported by manufacturing expansion and industrial corridor development. In contrast, cities including Surat at 8.4% (down from 8.9%), Chandigarh at 8.5% (down from 9.9%), and Lucknow at 8.7% (down from 9.1%) are witnessing lower levels of growth compared to the previous year.

The report further identifies top-paying roles across industries, including Associate Software Developers earning between ₹32,050 and ₹55,000, Dealer Sales Managers between ₹41,000 and ₹63,500, Safety Engineers between ₹36,900 and ₹58,000, and Mechanical Design Engineers between ₹30,600 and ₹56,800, highlighting sustained demand for technically specialised and performance-driven roles.

Overall, the findings indicate a labour market increasingly shaped by role-specific differentiation and sector-led compensation shifts. As emerging industries set new benchmarks in salary growth and mature sectors stabilize pay structures, the result is a more segmented yet balanced compensation landscape across India’s employment ecosystem.