Why is SAP Considered as one of the Highest Paid Jobs?
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Candidates who are looking for employment wants to acquire SAP certification as it offers extraordinary compensation. The most widely used ERP system currently is SAP due to which an SAP consultant gets lots of opportunities. The extensive use of SAP (Systems, Applications, Products in Data Processing) in the large organizations has left a bright future for the SAP consultants. SAP consultants are paid higher than most of the other IT specialists due to various reasons.
Increasing demand for the SAP Professionals
Although there are many SAP professional available in the market but the lack of trained, experienced and qualified SAP Professionals have increased the demand of these professionals. Due to this reason, the employers are keen to employ qualified SAP Professionals at the best available pay packages.
The challenging task
The task of the SAP consultant is quite challenging as this the core of any organization. A small error can result in billions of wastage. This is why, the career of the SAP consultant is truly rewarding.
When compared with the demand, the supply is much less. Due to this, the employers are ready to shell out the extra bucks in order to meet the demand of highly trained SAP personnel.
Increase in the company’s ROI
The companies offer higher salary to the SAP consultants so that their Return on Investment increases in future and the cost can be reduced with increased performance.
SAP Implementation in high budget companies
SAP implementation is usually done in the high budget companies or the large scale companies rather than the smaller companies. The large scale companies have the capacity of paying their employees with a better pay package than the small scale companies. This is also a reason because of which the SAP consultants get such a handsome pay package compared to the other IT fields.
Education level of the employee
A recent study said that the education level or qualification does play an important role in the employee’s salary hike or increment.
Pay a little more to hire the right candidate
The software companies follow this simple rule that pays a little more to hire the right candidate. This helps in securing the future of the company as well as ensures that the company delivers a stronger return on investment within the least possible time limit.
End user applications using SAP
Today more and more end user applications are using SAP as it is faster, reliable and updated software. Thus, there is a constant demand of the qualified SAP consultant which in turn makes this a highest paid job.
As per the salary structure, it has been found that an average salary of INR 594,545 per annum is earned by an SAP consultant. However, the salary depends of the candidate’s experience, qualification as well as the skill. Thus, either a full-timer or an employee who is working in a contractual position in the field of SAP can also enjoy the advantage of getting higher payment than any other IT professional.