The fourth largest FMCG industry in the world, the Indian Fast and Moving Consumer Goods sector promises to assume bigger and better shape with a projected size worth USD 33 billion by 2015 and a mammoth USD 100 billion by 2025. With the New Year round the corner let us find out which FMCG companies ended up paying what to their employees. Let us begin our search with a view to aid you in choosing your favorite FMCG company (for a job) for 2013:
List of Top Highest Paying FMCG Companies
Cadbury India: A brand which needs little introduction promises to live up to the positivity generated by it throughout the years. The average salaries paid here are presumably 116% more than those shelled out by similar companies. Here is a glimpse of some of the wages:
Asset Care Manager: INR 73,000 – INR 79,000 per month
Sales Executive: INR 484,000- INR 518,000 per year
Technical Executive: INR 209,000- INR 226,000 per year
Procter and Gamble: As one the fastest emerging consumer and goods companies in the nation, Procter and Gamble has never digressed from its sole motive to providing the best services for its customers. Popular brands like Pantene, Ambi Pure, Oral-B, Tide, Ariel etc are part of the company’s illustrious portfolio. It has even left its competitors miles behind in terms of employee wages, paying a mind boggling 69% more than its rivals.
Dabur India unmistakably can be placed among the top five FMCG companies in India. With an impressive market capitalization of INR 18,632 crore in the year 2012 the company leads in terms of employee salaries as well. Reportedly it pays 66% more than its competitors. Here is a list of some of the prominent Dabur India salaries:
Territory Sales Manager: INR 6.77 lakhs (on an average per year)
Accounts Executive: INR 3.14 lakhs (on an average per year)
Administration Assistant: INR 2.32 lakhs (on an average per year)
Hindustan Unilever: With a plethora of well known and reliable brands like Lifebuoy, Pond’s, Red Label, Pureit Marvella, etc to its credit, Hindustan Unilever is a leading name in the Indian FMCG industry. According to payscale.com this company pays a whopping 44% more than the market standards to its employees. Here are the annual average salaries offered to some of the most significant profiles:
Britannia Industries:Paying 30% more than its rivals, Britannia is comfortably placed among the top ten high paying FMCG companies in India. Here is a list of the average salaries earned annually at Britannia:
Area Sales Manager: INR 2.63 lakhs
Accountant: INR 1.54 lakhs
Administration Executive: INR 3.29 lakhs
Marico: With a formidable presence in India since its inception Marico can be safely called a frontrunner among the Consumer Products and Services company in India. With its products ranging from cooking oil, hair oil to rice, Marico today has achieved a mammoth market capitalization worth INR 9,078 crores. Employees are in a happy space too as they typically paid 18% more than their counterparts in similar companies. Here is more on the salaries:
With a formidable presence in India since its inception Marico can be safely called a frontrunner among the Consumer Products and Services company in India. With its products ranging from cooking oil, hair oil to rice, Marico today has achieved a mammoth market capitalization worth INR 9,078 crores. Employees are in a happy space too as they typically paid 18% more than their counterparts in similar companies. Here is more on the salaries:
Godrej Consumer Products: Following Marico close on its heels in terms of employee remunerations is Godrej, which according to payscale.com pays 17% more than the average market standards. However in 2012, this one has toppled Marico in terms of market capitalization by notching up figures worth INR 13,335 crores.
GlaxosmithKline: On an equal footing with Godrej is GlaxosmithKline paying 17% more salaries to its employees, than the current market rates.
Nestle India: With an employee review of 3.9 out of 5 (glassdoor.com) this major FMCG player has managed to woo its workers with a wonderful work culture as well. Additionally it pays 15% more than the present market salaries.
Colgate-Palmolive: One of the leading trusted brands in India, the Colgate-Palmolive portfolio spans diverse products ranging from oral care, personal care, professional oral care, and home care. It has also emerged as one of the top ten FMCG companies of 2012 (mbaskool.com) based on its market capitalization reaching INR 12,764 crore. As per payscale.com it pays its employees 9 percent above prevalent market rates. The experience wise average pay ranges from INR 370,000 – INR 1,050,000 per year.