A subsidiary of the Royal Philips Electronics (Netherlands), Philips Electronics is one of the leading Health and Wellbeing companies of the world. Consumer Lifestyle, Healthcare and Lightning are some of the key markets over which Philips has been able to establish a stronghold over the years. However, the healthcare products available here are related only to diet and fitness.
With a unique tag line ‘Sense and Simplicity’ Philips has been able create a range of world class products duly appreciated by humankind over the years. Following are the products that have consistently featured in Philips’ portfolio:

  • Personal Care: Grooming Kits, Shavers, Haircare appliances.
  • Household Products: Coffee Maker, Vacuum Cleaners, Cooking Products, Kettles, tea makers etc
  • Sound and Vision: Home Cinema, Headphones, Televisions, Home Audio, Home Video etc
  • Lightning: Home Lightning Products, Ledino Luminaries, energy saving light bulbs etc
  • Childcare: Breastfeeding, Teethers, Pacifiers, Skincare, Bags etc
  • Other products include PC Audio, Headsets, iPad accessories, Mobile accessories etc.

    Salary and Benefits at Philips Electronics:

    Pays and benefits offered by Philips Electronics India Ltd are generally higher than the average industry standard making it one of the most sought after companies in India
    Let us learn about the salaries and benefits enjoyed by an employee at Philips Electronics India Ltd:

    Job Category Salary
    Accountant/Accounts Executive INR 200 000-INR 700 000 (annual average salary of 427 000)
    Assistant Sales Manager INR 310 800 – INR 1 209 527
    Software Architect INR 688 354 – INR 3 616 520
    Area Sales Manager INR 200 000 -INR 1 400 000 (annual average salary of INR 622 000)
    Technical Specialist INR 900 000-INR 1 150 000 (annual average salary of INR 983 333)
    Customer Service Manager INR 257 109 – INR 1 657 706
    Assistant Manager (Quality Control) INR 258 578 – INR 987 941
    Administration Assistant INR 200 000-INR 300 000 (annual average salary of INR 209 000)
    Manager INR 1 240 000 -INR 1 630 000 (annual average salary of INR 1 430 000)
    Software Engineer INR 202 802 – INR 821 802
    Assistant Manger (Professional sales) INR 431 000- INR 470 000
    SAP Consultant INR 537 228 – INR 1 622 730
    Technical Specialist INR 321 447 – INR 1 467 812
    Senior Tax Manager INR 724 988 – INR 4 288 412
    Chartered Accountant INR 371 964 – INR 1 952 331
    Senior Scientist INR 1 050 000 – INR 1 150 000
    Senior Manager SSG INR 2 200 000 – INR 2 270 000 m
    Assistant Finance Manager INR 266 897 – INR 1 046 433
    Customer Service Manager INR 257 109 – INR 1 657 706
    Technical Project Manager INR 676 561 – INR 2 724 914
    Project Manager (IT) INR 764 728 – INR 2 968 264
    Intern INR 9 563- INR 10 000 (monthly)
    Senior Software Developer/Engineer/Programmer INR 360 018 – INR 856 721
    Software Engineer INR 460 000-INR 541 000 (annual average salary of INR 500 130)
    Senior Software Engineer INR 501 000-INR 780 000 (annual average salary of INR 627 000)

    Salary variations exist based on different cities and the corresponding lifestyle and cost of living. Get a fair idea of how the employees of major cities are paid by Philips Electronics India Ltd
    Cities Median Salary
    Gurgaon INR 1 965 270
    Kolkata INR 476 878
    Bengaluru INR 754 692
    New Delhi INR 920 000
    Noida INR 352 000
    Ahmedabad INR 479 323

    The salary offered by Philips Electronics India Ltd is directly proportional to one’s years of experience at the concern. Thus as one moves up the career ladder the corresponding salary range also heads north. Here is a list of Philips Electronics India Ltd salaries based on experience according to available data:
    Experience Salary
    1-4 years INR 514 147
    5-9 years INR 544 800
    10-19 years INR 1 859 253
    20 years or more INR 2 250 000

    The overall compensation package and benefits offered by Philips Electronics India Ltd. include
    Pension: Stakeholder plan for all staff, with 12% contribution from employer.
    Healthcare – Personal Accident Insurance, Critical Illness Insurance, Employee Mediclaim– Policies with Life Insurance as core benefit are also available.
    Holiday/Vacations- Fixed number of holidays in a year with adjustable working hours based on circumstances and requirement. As per the latest data available an employee is entitled to around 2.9-3 weeks of vacations
    Discounts- Being a part of the Philips family, an employee enjoys the advantage of availing Philips products at discounts.

    Work-Life balance – Availability of flexible working options, paid maternity leave for the first six months, full pay for two weeks’ Paternity leave, 3-6 months of without pay leave for sabbatical, provision of family events like annual sports day for staff members
    Performance related pay-Available to all staff via various schemes, with incentives depending on individual and company performance measures.
    Cash bonuses are the primary benefits offered by the company as per the latest information available.

    Philips Electronics India Ltd. Bonus based on experience:

    Experience Bonus
    1-4 years INR 60 621
    5-9 years INR 155 000
    10-19 years INR 296 609
    20 years or more INR 400 000

    Conclusion:
    You have great chances of earning 26% above market salaries if you choose to work for Philips Electronics.
    *All the salaries, bonuses mentioned here are subject to change without notice.