| Quarter ended | All Total | Mfg | IT | Pharma | CG | Steel |
| April-June 05 | 11.11 | 10.18 | 35.16 | 15.26 | 10.36 | 13.35 |
| Jan-March 05 | 11.01 | 10.34 | 32.17 | 17.24 | 9.88 | 17.03 |
| Oct-Dec 04 | 11.65 | 6.33 | 32.62 | 19.26 | 5.95 | 4.71 |
| July-Sept 04 | 12.73 | 8.98 | 37.83 | 19.52 | 0.23 | 5.75 |
| April-June 04 | 15.54 | 9.38 | 36.99 | 19.01 | 3.43 | 7.17 |
| CG: Capital goods All figures in percentage |
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| As a result, cost of employees as a percentage of sales increased from 4.33 per cent in quarter ended March 2005 from 4.60 per cent in quarter ended June 2005. |
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| Wage bill of the 1,526 companies in manufacturing sector increased by 10.18 per cent during the quarter ended June 2005, marginally down from the growth rate of 10.34 per cent during the quarter ended March 2005. |
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| The wage bill of manufacturing sector increased 6.33 per cent in quarter ended December 2004, 8.98 per cent in quarter ended September 2004 and 9.38 per cent in the quarter ended June 2004. |
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| In the manufacturing sector, capital goods companies -- which have been witnessing boom time in sales and profits -- showed sharp improvement in wage bills in the last two consecutive quarters in a row. |
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| The wage bill of capital goods sector increased 10.36 per cent in June 05 quarter, up from growth rate of 9.88 per cent in March 05 quarter. The wage bill increased was modest 5.95 per cent in December 04 quarter and a negligible 0.23 per cent September 04 quarter. |
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| The study shows that growth rate in salaries and wages for India Inc employees as a whole has slowed down in the last three quarters largely on account of the banking sector. |
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| The wage bill had increased by 15.54 per cent in the quarter ended June 2004, 12.73 per cent during the quarter ended September 2004 and 11.65 per cent during the quarter ended December 2004. |
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| The exception has been the banking sector. The wage bills of the employees of the banking sector increased by 2.39 per cent in June 05 quarter and 3.99 per cent in March 05 quarter. |
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| Information technology sector continued to be the good pay master with salaries and wages of IT employees growing at over 30 per cent. During the June 05 quarter, IT sector wage bill increased by 35.16 per cent, up from the growth of 32.17 per cent in March 05 quarter. |
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| The pharmaceuticals sector, however, continued post lesser growth in salaries and wage in four consecutive quarters in a row. The wage bill of pharma sector increased by 15.26 per cent in June 05 quarter, down from a growth rate of 17.24 per cent in March 05 quarter. |
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