Key insights from SLASSCOM Salary and Benefit Survey 2013

The Sri Lanka Association of Software and Services Companies (SLASSCOM) together with PricewaterhouseCoopers (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 the Sri Lankan IT and ITES industry while providing a comprehensive understanding of the employee retention strategies executed by industry players.

The report also analyses a wide range of job positions and the benefit packages offered by companies to retain employees. In addition to this, the sample of the study is comprised 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, Sujiva Dewaraja, Chairman SLASSCOM reiterated:

“The Salary and Benefits Survey 2013 has been 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 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 into the HR practices of the industry. For example, the findings of the survey reveal that during the past three year period, both IT and ITES sectors have shown significant expansion in terms of headcount numbers with average annualised 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 a wide range of statistical data such as market mean, median and percentiles for job positions in the 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 leaver 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.

Anuradha Tennakoon, Board Member and the Joint Head of HR/Capacity Forum of SLASSCOM elaborated: “The SLASSCOM HR/Capacity Forum has realised the need for a common remuneration and benefits benchmarking tool for the IT, ITES, BPO and KPO industry sectors in Sri Lanka. We were 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.”

The survey is available for purchase at the SLASSCOM corporate office. For inquiries, please call 117884460 or mail [email protected].

SLASSCOM acts as the catalyst of growth for the Sri Lankan IT, BPO and knowledge services industry by facilitating trade and business, propagation of education and employment, encouragement of research and innovation, and by supporting the creation of a progressive national policy framework.