The Indian talent pool is the most comprehensive in the world, with 6.5 million tech talents in 2023. Understandably, several global employers want to tap into this talent pool and support their business goals. However, a major challenge while hiring from India is determining salary for employees. Typically, the salaries for top Indian tech talents are influenced by:

Skills in demand: Expertise in certain relevant technologies makes a talent highly valuable. For example, an Indian data scientist can fetch anywhere from $6,500-$10,000 annually, as the demand for capable data scientists is very high across various industries. Therefore, companies must pay handsomely to land a skilled data scientist.
Academic background: A candidate with a masters in a particular field will have better salary prospects versus someone with a bachelors. This is because the masters candidate has better industry knowledge and certified skills to manage larger responsibilities.
Relevant experience: Candidates with experience bring a lot to the organization – skills, industry knowledge, understanding of the goals, better management skills, etc. These abilities come at a cost, which is why global companies have to pay up.

Prevalent salary trends: The industry’s salary averages keep shifting as per the demand of a job role and its impact on the current and future technologies. It is important to keep up with these trends on both regional and global basis, to discover the right place to hire your next remote talent and accurate salary determination.
Employers wondering how to determine salary for a position can rely on salary competitive analysis. It involves the following steps:

Defining the job role to understand its organizational value and determining a preliminary budget
Identifying similar roles with identical responsibilities, requirements, and experience levels
Access salary reports that reveal the current trends
Analyze the salary data to determine salary for a job role

About Uplers
Uplers is the matchmaker of global employers and remote Indian talents. With its 500,000+ prevetted talent network across 100+ skill set, Uplers sources, vets, and onboards the ideal professional and cultural fit for tech and digital companies. Determining salary for employees is no more a challenge, as Uplers assures 40% cost advantage while hiring Indian tech talents.
For more information: https://www.uplers.com/blog/how-much-to-pay-when-hiring-top-indian-talents/