Average Sourcing Assistant Salary in West Bengal, India for 2024
In this article, we will look at the average Sourcing Assistant salary for 2024 in West Bengal and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!
The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.
All salary information is in the local currency, which is the Indian rupee. To keep things simple, we are using the INR currency code instead of the currency symbol โน.
How Much Does a Sourcing Assistant Make in West Bengal?
A Sourcing Assistant working in West Bengal will typically earn around 125,100 INR per year, and this can range from the lowest average salary of about 66,000 INR to the highest average salary of 189,300 INR.
These are average salaries for a Sourcing Assistant in West Bengal and include benefits such as housing and transport. It's also possible for a Sourcing Assistant to earn more or less than the average salaries shown above.
Sourcing Assistant salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.
Distribution of Sourcing Assistant Salaries in West Bengal
So we've looked at the average salaries a Sourcing Assistant will earn in West Bengal. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Sourcing Assistant can earn between 66,000 INR and 189,300 INR on average in West Bengal. This is known as the range in statistics.
The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.
Median salary
The median salary for a Sourcing Assistant in West Bengal is 118,060 INR. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 118,060 INR, and 50% of the population earn more than 118,060 INR.
If you are earning more than the median salary, that's a good indicator that you are being paid well.
If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).
Percentiles
Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.
For the average Sourcing Assistant salary in West Bengal, 25% of the population are earning less than 80,500 INR while 75% of the population earn more than 80,500 INR.
75% of the population earn less than 148,300 INR, and 25% of the population earn more than 148,300 INR.
Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.
The difference between a median and an average salary
The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.
- If your salary is higher than the average and the median salary, you are earning well compared to others.
- If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
- If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.
Sourcing Assistant Salary by Experience Level in West Bengal
The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.
We have researched the average sourcing assistant salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.
- 0 - 2 Years Experience. A Sourcing Assistant in West Bengal that has less than two years of experience can expect to earn somewhere in the region of 72,260 INR.
- 2 - 5 Years Experience. With two to five years of experience the average Sourcing Assistant salary would increase to 98,820 INR.
- 5 - 10 Years Experience. From five to ten years of experience as a Sourcing Assistant, the average salary would be 125,700 INR.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 152,300 INR.
- 15 - 20 Years Experience. A Sourcing Assistant with 15 to 20 years of experience can earn an average of 167,100 INR.
- 20+ Years Experience. For a Sourcing Assistant with more than 20 years, the expected average salary increases to 175,900 INR.
Average Salary by Experience Chart
0-2 Years |
72,260 INR
|
|
2-5 Years | +34% |
98,820 INR
|
5-10 Years | +30% |
125,700 INR
|
10-15 Years | +21% |
152,300 INR
|
15-20 Years | +9% |
167,100 INR
|
20+ Years | +5% |
175,900 INR
|
Sourcing Assistant Salary by Education Level in West Bengal
As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?
In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.
The salary you can earn based on your education is very specific to both your location and the career path you choose.
In our research, we looked at the average salary for a Sourcing Assistant in West Bengal based on the education level of the employees in order to find out whether a better education level would increase your salary.
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High School. A Sourcing Assistant in West Bengal with a high school education can earn an average salary of 86,740 INR.
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Certificate or Diploma. A Sourcing Assistant in West Bengal with a certificate or diploma education can earn an average salary of 125,100 INR.
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Bachelor's Degree. A Sourcing Assistant in West Bengal with a bachelor's degree education can earn an average salary of 172,200 INR.
Average Salary by Education Chart
High School |
86,740 INR
|
|
Certificate or Diploma | +43% |
125,100 INR
|
Bachelor's Degree | +38% |
172,200 INR
|
How Much is a Master's Degree or MBA Program?
The approximate cost of a master's degree or post-graduate program like an MBA in India is around 160,000 to 479,000 INR and takes two years to complete.
As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.
It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.
Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.
Sourcing Assistant Salary Compared by Gender
In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.
In West Bengal, a male sourcing assistant will earn an average of 106,820 INR, while a female sourcing assistant will earn around 98,120 INR.
This means that a male sourcing assistant earns approximately 9% more than a female sourcing assistant for performing the same job.
Average Salary by Gender Chart in West Bengal
Male |
106,820 INR
|
|
Female | -9% |
98,120 INR
|
Sourcing Assistant Average Pay Raise in West Bengal
In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.
From our research, we can see that the average pay raise for a Sourcing Assistant in West Bengal is around 10% every 16 months.
The national average pay raise across all professions and industries in India is around 9% every 16 months.
In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.
To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:
Annual Increase = ( Increase Rate ÷ Months ) × 12
So for this example, it would be:
Annual Increase = ( 10 ÷ 16 ) × 12 = 8%
What this means is that a Sourcing Assistant in West Bengal can expect to receive an average pay raise of around 8% every 12 months.
Annual Pay Raise by Industry in West Bengal for 2024
In the chart below, you can see the average annual pay raise percentages for each of the major industries in India.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
Banking |
1%
|
|
Energy |
2%
|
|
Information Technology |
3%
|
|
Healthcare |
4%
|
|
Travel |
5%
|
|
Construction |
6%
|
|
Education |
7%
|
Sourcing Assistant Bonus and Incentive Rates in West Bengal
Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.
Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.
A Sourcing Assistant is a low bonus based job, with 31% of employees reporting at least one bonus in the last 12 months.
69% reported that they had not received any bonuses in the previous 12 months.
For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.
Received Bonus |
31%
|
|
No Bonus |
69%
|
What are the Types of Bonus?
There are a number of difference types of bonus you can receive in a job. Including:
- Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
- Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
- Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
- Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.
Government vs Private Sector Salaries
Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.
Public sector employees in India earn approximately 6% more than private sector employees in the same role.
Public Sector |
392,300 INR
|
|
Private Sector | -6% |
371,100 INR
|
Salaries for Jobs Similar to a Sourcing Assistant
In the table below, we have salary information for jobs that are similar to a Sourcing Assistant in West Bengal.
Salary Comparison by City
If you want to compare salaries with different cities in India, you can use the links below to explore the data for each specific city we have researched.
Salary Comparison by State
The table below includes links to the average salary for each state in India.
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