HNI Corporation new Product Development Engineer Salaries by 4 Employees

4 - 6 years exp.

₹4 Lakhs - ₹6.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

38% more than the average new Product Development Engineer Salary in Urban Transport Companies for 4 - 6 years of experience

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Last Updated: 31 Mar 2023

Companies similar to HNI Corporation for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 28% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 41% less
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JBM Group new Product Development Engineer Salary 0 - 8 years exp. (34 salaries)	₹1.8 L/yr - ₹5.7 L/yr 34% less
Wadhokar new Product Development Engineer Salary 0 - 4 years exp. (28 salaries)	₹1.5 L/yr - ₹4 L/yr 56% less
Nash Industries new Product Development Engineer Salary 1 - 6 years exp. (27 salaries)	₹1.8 L/yr - ₹6 L/yr 16% less

new Product Development Engineer salary at HNI Corporation ranges between ₹4 Lakhs to ₹6.5 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of HNI Corporation.

Experience wise HNI Corporation new Product Development Engineer salaries

Last Updated: 31 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
5 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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6 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr

Similar Designation salaries in HNI Corporation

Product Development Engineer Salary

(28 salaries)

₹4.5 L/yr - ₹8.7 L/yr

Production Engineer Salary

(4 salaries)

₹1.5 L/yr - ₹2.8 L/yr

Senior Design Engineer Salary

(5 salaries)

₹4.35 L/yr - ₹7 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹21.2 L/yr - ₹27 L/yr

Assistant Engineer Salary

(3 salaries)

₹2 L/yr - ₹2.5 L/yr

Design Engineer Salary

(6 salaries)

₹3 L/yr - ₹4.5 L/yr

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Software Engineer Salary

(AmbitionBox Estimate)

₹475 L/yr - ₹525 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Salary related reviews for HNI Corporation

Operations Executive in Nagpur

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 08 Nov 2023

3.0

for Salary and Benefits

Likes

I like monthly payment ontime on 1 st of every months.

Dislikes

HR head Forced me to resign even after I had been suffering from leg ancle bone fracture injury due to accident.....( as per doctor prescribed I had rest for a month at home by pre-inform to HR .. ..) while accident happened I had called to HR and told about my situation and took rest for a month....due to could not walk that time ..... After returning from home one month latter HR head Forced me to resign and I had ruining personal loan and emi was pending due to that ..... after he forced I resigned my job from HNI office India Ltd Nagpur MH India..... Then I had called to Mr HR head for getting loan insurance company requires letter from HR but HR head didn't provided me letter for my jobloss to getting me jobless insurance .....and finally didn't approved my jobloss insurance.....so bad happened with me.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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HNI Corporation new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at HNI Corporation ?

The average salary of a new Product Development Engineer at HNI Corporation in India typically ranges from ₹4.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 4 years to 6 years).

The top 10% of new Product Development Engineer at HNI Corporation earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. new Product Development Engineer Salaries at HNI Corporation can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 HNI Corporation employees in India.

What is the estimated take home salary of a new Product Development Engineer at HNI Corporation in India?

The estimated take-home salary of a new Product Development Engineer at HNI Corporation in India typically ranges from ₹42,584 to ₹43,711 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 4 years to 6 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of HNI Corporation. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a new Product Development Engineer in companies similar to HNI Corporation in India?

The salary of a new Product Development Engineer at companies similar to HNI Corporation in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Nash Industries	₹1.8 Lakhs to ₹6.0 Lakhs per year
INDO-MIM	₹2.7 Lakhs to ₹5.5 Lakhs per year
JBM Group	₹1.8 Lakhs to ₹5.7 Lakhs per year
L.G.Balakrishnan & Bros	₹1.8 Lakhs to ₹5.0 Lakhs per year
Wadhokar	₹1.5 Lakhs to ₹4.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a new Product Development Engineer at HNI Corporation in India?

The salary growth for a new Product Development Engineer at HNI Corporation depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at HNI Corporation:

Experience	Average Salary Range
4 years	₹4.5 Lakhs to ₹5.8 Lakhs per year
5 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
6 years	₹5.9 Lakhs to ₹7.5 Lakhs per year

and so on.

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HNI Corporation new Product Development Engineer Salaries

HNI Corporation new Product Development Engineer salary in India ranges between ₹4 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HNI Corporation latest salaries received from various employees of HNI Corporation.

HNI Corporation new Product Development Engineer salaries in India

Companies similar to HNI Corporation for new Product Development Engineer

Latest annual salaries shared by HNI Corporation new Product Development Engineer

Experience wise HNI Corporation new Product Development Engineer salaries

Similar Designation salaries in HNI Corporation

Salary related reviews for HNI Corporation

Operations Executive in Nagpur

HNI Corporation new Product Development Engineer Salary FAQs

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