Top 20% Of Urban Company Partners Earn 50% More Than Indian IT Workers
Home services unicorn Urban Company on Thursday disclosed the average monthly earnings of its partners for the second half of the calendar year 2023 which showcased 20 per cent of its top service partners gained Rs 42,792 in H2 CY 2023, an amount surpassing entry-level IT jobs' earnings in India by approximately 50 per cent.
The revealed earnings were based on the net of all commissions, fees, travel and product costs in CY23.
In a statement, Urban Company highlighted that according to a Talent.com report the average cost to company (CTC) of IT freshers in India is Rs 3,47,500.
Additionally, the company highlighted service partners who deliver more than 30 services in a month (i.e. 1 service delivery a day), earned an average of Rs 33,469 per month in H2 CY23, net of all commissions, fees, travel and product costs in H1 CY23 (up by over 3 per cent over H1 CY23).
The organisation claimed that the hourly earnings of its service partners for H2 CY23 showed growth among female partner earnings which was by 23 per cent in comparison to their male counterparts on the platform.
The average hourly earnings of female partners net of all commissions, fees, travel and product costs were reported at Rs 363, while the same for male partners was registered at Rs 294.
Founded in November 2014, Urban Company offers a technology marketplace for home services such as beauty and spa at home, cleaning, plumbing, carpentry, appliance repair, painting, and more through its mobile application and website. It operates in 60-plus cities in India, the UAE, Singapore and The Kingdom of Saudi Arabia.
