Sign Up | TalentUp /insights/salary/ /insights/salary/
Add 5 companies.
Search History:
Your saved searches will be available here, click them to search directly.
Search Salaries > Procurement Manager > Chennai
Job Description
How much does a Procurement Manager in Chennai ?

The base salary for a Procurement Manager in Chennai is 1,526,500
Also known as: procurement department manager, procurement officer, head of procurement unit, head of procurement department, procurement coordinator, procurement director.

1,526,500

Median Base Salary (Percentile 50)
31 observations
(Updated: 12 May 2024)

Confidence

Excellent

Avg. Bonus per year

Of avg. Stock options

Avatar
Salary Table

A Procurement Manager earns register to see pay in Chennai, but the base salary ...

Log in to view data
Level Below median
(25th percentile)		 Market median
(50th percentile)		 Above median
(75th percentile)		 Top Competitive
(90th percentile)
Junior 60000 60000 60000 60000
Mid 60000 60000 60000 60000
Senior 60000 60000 60000 60000
Lead 60000 60000 60000 60000
How would you rate this data?
Bonus & Stock options

This position usually comes with bonuses and the possibility of accessing stock options. Both must be added to ...

Log in to view data
Level Min Avg Max
Junior 60000 60000 60000
Mid 60000 60000 60000
Senior 60000 60000 60000
Lead 60000 60000 60000
Log in to view data
Experience Min Avg Max
Junior 60000 60000 60000
Mid 60000 60000 60000
Senior 60000 60000 60000
Lead 60000 60000 60000

Supply and demand

Highly supplied position in a highly demanded market
Supply | (<100 professionals)
Demand | (<100 job offers)

Gender gap

Unbalanced

Male

83%

Female

17%

Benefits

There are statutory benefits associated with a Procurement Manager in Chennai according to ...

Most Common Benefits

Competitive advantages associated with a Procurement Manager in Chennai
Mobile Phone | 4600€ monthly
Providing a mobile phone or a mobile phone allowance is a common benefit in India. This allows employees to stay connected and perform their duties more efficiently. It is especially useful for roles that require constant communication or remote work. This benefit can also include covering the cost of the mobile plan, making it even more attractive.
Health Insurance | 46000€ annual
Health insurance is a key employee benefit in India, offering financial protection for medical expenses. Companies provide plans covering hospitalization, surgeries, and sometimes outpatient treatments, ensuring employees access necessary healthcare without financial strain, enhancing well-being and job satisfaction.
Professional Development | 18000€ annual
Professional development opportunities are highly valued in India as they enable employees to enhance their skills and advance their careers. Companies may offer workshops, training sessions, and courses to help employees stay updated with industry trends and technologies. This investment in employee growth not only boosts morale but also increases productivity and retention rates.

Side Benefits to attract & retain talent

Additional perks for a Procurement Manager in Chennai
Work From Home
Work-Life Balance
Flexible Working Hours
Coaching

Statutory Benefits

Mandatory benefits in Chennai
Employer contributions include 12% for EPF and EPS, 3.25% for ESI, totaling 16.75% of employment cost.
Mandatory for low-income workers, paid as a percentage of the annual salary.
Business and employment visas are available, with employment visas allowing for up to 5 years of stay.
12 days of combined sick and casual leave, with distribution based on employee needs.
Employee contributions include Employee's Provident Fund (EPF) and Employee's Pension Scheme (EPS) at 12%, Employee's State Insurance (ESI) at 0.75%, Professional tax (varies), and Health and Education Cess at 4.00%.
The payroll cycle in India is generally monthly, with wages paid on or after the 28th of each month.
Minimum of 15 days paid holiday a year, with additional leave days commonly included in contracts.
26 weeks for first two children, 12 weeks for subsequent children, with additional benefits for adoptive and commissioning mothers.
15 days of paternity leave for government employees, no statutory leave for private sector.
Business visa for visits up to 6 months, employment visa for longer stays up to 5 years.
Income tax rates: 0% for income up to 300,000 INR, 5% for 300,001 to 600,000 INR, 10% for 600,001 to 900,000 INR, 15% for 900,001 to 1,200,000 INR, 20% for 1,200,001 to 1,500,000 INR, 30% for income over 1,500,001 INR. Surcharge applies for income over 5,000,000 INR.
Minimum wage set by state governments, increased to 15,000 INR per month by the new Labour Code.
Standard working hours are 40 hours weekly at 8 hours a day, or 48 hours including breaks. Overtime is paid at 200% of the regular pay rate.
12 public holidays per year, with flexibility to swap for regional or religious holidays.
Standard termination process with notice periods required. Includes severance pay and retrenchment compensation.
Probation periods generally between 3 and 6 months based on role and seniority.