The Sri Lanka Association of Software and Services Companies (SLASSCOM) together with Pricewaterhouse Coopers (PwC) have published the SLASSCOM Salary and Benefits Survey for the third consecutive year.
This report provides an in-depth analysis of the emerging HR trends and issues of Sri Lankan IT and ITES industry while providing a comprehensive understanding of the employee retention strategies executed by industry players.
The report also analyses wide range of job positions and the benefit packages offered by companies to retain employees. In addition to this, the sample of the study comprise of small, medium and large IT, ITES, BPO and KPO companies operating in Sri Lanka providing a broad industry perspective on HR practices.
Commenting on the recently released report, Chairman SLASSCOM, Sujiva Dewaraja, reiterated, “The Salary and Benefits Survey 2013 is published for the third consecutive year together with PwC in order to provide a reliable source of data for the existing players in the industry as well as for prospective entrants to assist the decision making process. The findings of the survey highlight that the IT/ITES industry offers attractive salary and benefit packages for the young job seekers. Further, Sri Lanka is also identified as one of the most cost effective off shoring destinations offering wide range of services. In addition to capturing salary scales of the industry, the report also offers several other insights to the HR practices of the industry. For example, the findings of the survey reveals that during the past three year period both IT and ITES sectors have shown significant expansion in terms of headcount numbers with an average annualized staff growth rates of 21% and 14% by the IT and ITES sector respectively. This report is another initiative taken by SLASSCOM in reaching the targets of one billion dollars of export revenue by 2016 and creating over 80,000 high paying jobs within the country”.
The report provides wide range of statistical data such as market mean, median and percentiles for job positions in IT Sector, ITES Sector and support functions. Therefore, it provides the opportunity for the reader to capture great understanding of the compensation and the benefits structure of the industry.
The report also covers entry level salary scales of selected job positions to provide a benchmark to the fresh graduates and school leavers salary scales in IT/ITES sector of Sri Lanka. Adding more value to the report, local salary data are also benchmarked against the regional salary data in order to highlight the competitiveness of HR practices in the country.
Board Member and the Joint Head of HR/Capacity Forum of SLASSCOM Anuradha Tennakoon elaborated that “SLASSCOM HR/Capacity forum has realized the need for a common remuneration and benefits benchmarking tool for the IT, ITES, BPO and KPO industry sectors in Sri Lanka. We are delighted to see the interest from SLASSCOM members to participate in the third annual survey. This is one of the most of the most comprehensive salary and benefits studies conducted on Sri Lankan IT/ITES industry covering emerging trends in HR practices of the industry. I take this opportunity to thank all the participating companies and we believe that the report will add value to the industry in reaching the target of creating 80,000 job opportunities by 2016”.