Monster India Launches Monster Salary Index, in association with Paycheck

• Monster Salary Index – a joint initiative of Monster India and
• Prestigious IIM-A as research partner
• Enables Salary Comparisons across industry/ experience levels in India and globally

Online PR News – 07-May-2013 – April 30th, 2013, New Delhi – Monster India ( ), one of the leading online career and recruitment solutions providers in the country, in association with (managed by Wage Indicator Foundation) announced the launch of the ‘Monster Salary Index,’ an exclusive industry benchmark in collaboration with prestigious IIM-A as research partner. The Monster Salary Index provides jobseekers complete information on salaries, labor market data and relevant content concerning labor law and careers.

The Monster Salary Index aims to empower jobseekers with benchmarking to compare their salaries with millions of anonymous profiles across a broad spectrum of industry domains/ experience/functional groups both in India and other global markets. The initiative offers those currently employed, employers and trade unions with information related to salary, working conditions, minimum wages and other work-related issues.
At the core of the Monster India Salary Index is an online Salary Survey launched by the Wage Indicator Foundation and in 2005, with IIM-A as research partner, to understand and develop salary and wage indicators for the Indian market. This detailed salary survey helps in understanding the Indian market and benchmarking against other countries to draw comparisons. The Wage Indicator Foundation surveys cover 70 countries. By working together with and Monster India, the foundation will be able to provide wider coverage for the salary survey.
Speaking at the occasion of the introduction of the index, Sanjay Modi, Managing Director, (India, Middle East, South East Asia) said, “Our customer research and market studies over the years indicate a strong need for a benchmark that provides both employers and jobseekers with comprehensive information pertaining to labor market and salary trends from a single source. We are delighted to work with to launch the Monster Salary Index with IIM-A as a research partner.”
“With the world around us becoming highly competitive; self-evaluation, knowledge and preparation are pertinent to one’s career growth. With the launch of the Monster Salary Index, we aim to empower jobseekers to ‘Find Better’ by enabling them to make informed decisions regarding job opportunities, influence their professional decisions and assist them to understand the level of remuneration they deserve. In addition, this information will help employers analyze the labor market and optimize employee remuneration thereby fostering a more transparent work culture,” Mr. Modi further added.
Speaking at the launch, Pauline Osse, Director WageIndicator Foundation said, “I am happy with the cooperation between Monster and is among our best WageIndicator websites. It is the perfect example of how a systematic research and dissemination approach on salaries and labor law is benefiting many people in need for a good benchmark in order to take a wise decision.”
Commenting at the occasion, Prof. Biju Varkkey of IIM-A said, “How much I am worth in the job market is a question in every jobseeker’s mind. Often, misinformation collected from informal sources serves as the benchmark with disastrous consequences. The primary aim of Paycheck is to provide salary related information to the market using data gathered through the online tool. Collaboration with Monster is expected to improve data intake as well as produce more robust output, in terms of salary information and deeper insights into labor market trends.”

Monster India
Monster India, one of India’s leading online career and recruitment resource, works for everyone by connecting job seekers across industry verticals, experience levels and geographies instantly with leading employers. Monster India’s cutting edge Magic Search technology provides relevant profiles to employers and relevant jobs to jobseekers.

Monster India started operations in 2001. Headquartered in Hyderabad, the company has an established presence in 11 other cities of India viz., Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Ahmadabad, Baroda, Chandigarh, Jaipur and Cochin.

Monster’s initiative ‘’ - a job portal exclusively for jobseekers in rural India, in collaboration with ITC e-Choupal enables employers in corporate India to connect with rural talent, thus removing the traditional barriers they face in this process.

Monster India partnered with DishTV to bring the first ever job search “Monsterjobs Active” on TV. Convergence of the Internet and TV medium made job services easily accessible to TV viewers across all cities bridging the unmet need of the audience for whom access to the internet is limited.

As an Internet pioneer, more than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries, Monster provides the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities globally.

About Paycheck

Paycheck ( is part of the WageIndicator Foundation (a non-profit labour empowerment initiative) which has websites in 70 countries. In India, a team lead by Prof. Biju Varkkey, Faculty at IIM Ahmadabad leads the project, in partnership with WageIndicator Foundation and University of Amsterdam. A small net work of researchers from institutes like FLAME Pune and Business Studio Mumbai are involved in the project. As of now, it provides with information on minimum wages across all the Indian states, collects salary data through online survey and projects salary range in various industries and occupations through Salary Checker. In addition to it, it also provides detailed information on Labour Law, Career and has published various research reports and papers based on the online data collected through the website

About WageIndicator Foundation

The WageIndicator Foundation (or in Dutch Stichting Loonwijzer) -, is a non-profit institution headquatered in Amsterdam, the Netherlands, devoted to global promotion of labour
market transparency.

The WageIndicator concept is owned by the independent, non-profit WageIndicator Foundation, established in 2003. Its Supervisory Board is chaired by the University of Amsterdam/Amsterdam Institute of Advanced Labour Studies, the Dutch Confederation of Trade Unions (FNV) and Monster career site. The Foundation aims for transparency of the labour market by sharing and comparing wage data and labour conditions information. The Foundation operates national websites in 70 countries. The websites have a so-called 3 pillar structure: for wages & salaries, for labour law, and for vacancies and education related information. In more than 20 countries - mainly in Africa, Asia, Central America - the national WageIndicator websites are supported with offline actions like face-to-face surveys, fact finding debates and media campaigns.

WageIndicator Foundation operates globally through a network of associated, yet independent regional and national partner organizations like universities, media houses, trade unions and employers organizations, and self-employed specialists for legal, internet, media issues, with whom the Foundation engages in long lasting relationships. WageIndicator Foundation has offices in Amsterdam (HQ), Ahmedabad, Bratislava, Buenos Aires, Cape Town, Dar es Salaam, Maputo and Minsk.

For more details contact

Nidhi Madan Verma
(91) 956 015 5115

Prof. Biju Varkkey
Project Leader –
(91) 79 66324874