Quoting the Study
As per IIM A Study :
“In many of the roles, government is paying higher salaries compared to the private sector, particularly in initial years, for jobs at the lower levels of skill requirement and hierarchy.Salary in government is relatively lower compared to the private sector, particularly in later years, for some highly skilled jobs.The five factors that emerged as relevant ones for determining level and components of salary are: career progression, potential learning on the job, supply over demand in the labour market, requirement of attracting top talent with excellent academic performance, and requirement of retaining key competencies”
Friends, this is just an overview of what the IIM A Study was. If you have any queries/questions about this IIM A Study. Feel free to ask them in the comments section below. And we will be glad to answer them for you.