What’s the Fair Market Salary for a Sales & Marketing Pro with 9 Years in Mumbai?

In our company, team members from Sales & Marketing possess nine years of experience and manage the following tasks. None of their bonuses or increments are tied to specific targets. Each member holds a B.Com degree, and the current CTC for an officer-grade role is 4.69 Lakhs per annum. The team is based in Mumbai. Could you provide market package details for a similar profile?

The team's responsibilities include:

- Verifying orders for profitability
- Acknowledging orders
- Accepting orders
- Processing orders in ERP
- Providing status updates to key accounts
- Regularly updating the open order statement
- Publishing DOT reports
- Publishing monthly marketing reports
- Maintaining records of overseas payments and following up on outstanding receivables

The team is located in Kollam, India.

Based on the provided information, for a Sales & Marketing employee with 9 years of experience handling various responsibilities in Kollam, India, the market package details can vary depending on several factors such as industry, company size, and specific job requirements. However, to provide a general overview of the market package for a similar profile in Kollam, India, the following components should be considered:

Salary Benchmarking
- The average salary range for a Sales & Marketing employee with 9 years of experience in Kollam, India, could be between 6-8 Lakhs per annum, considering the responsibilities mentioned.

Additional Benefits
- Apart from the base salary, companies often provide benefits such as medical insurance, provident fund, gratuity, and other allowances. These benefits can add significant value to the overall compensation package.

Market Comparison
- It's essential to conduct a market survey to compare the salary and benefits offered by other companies in the same industry and location to ensure competitiveness and attractiveness in the job market.

Negotiation Strategies
- When discussing a revised compensation package with the employee, it's crucial to highlight their experience, skills, and contributions to the company. Negotiation can also include non-monetary benefits like flexible work hours or additional leave days.

Future Growth Opportunities
- Consider discussing potential career growth opportunities within the company, such as promotions or skill development programs, to retain top talent and ensure long-term employee satisfaction.

By analyzing these factors and customizing the compensation package accordingly, companies can attract and retain skilled Sales & Marketing professionals effectively. It's recommended to conduct a detailed analysis of the local market trends and consult with HR professionals or industry experts for precise salary benchmarking in Kollam, India.