We offer salary packages that are one of the highest in the industry. We scrupulously follow UGC/AICTE guidelines for eligibility conditions for various faculty positions. We have a wide array of benefit programs to attract and retain quality faculty.
Competitive Salary
| S. No | Position | Scale | Min of Scale | Max of scale |
| 1 | Professor of Eminence | 1,40,000 - 20,000 - 2,40,000 (Consolidated) | 1,40,000 | 2,40,000 |
| 2 | Senior Professor | 1,20,000 - 20,000 - 2,00,000 (Consolidated) | 1,20,000 | 2,00,000 |
| 3 | Professor | 45,000 - 6,000 - 75,000 + 100% allowances | 90,000 | 1,50,000 |
| 4 | Associate Professor | 40,000 - 5,000 - 70,000 + 100% allowances | 80,000 | 1,40,000 |
| 5 | Assistant Professor | 27,500 - 4,500 - 50,000 + 100% allowances | 55,000 | 1,00,000 |
| 6 | Lecturer | 20,000 - 3,000 - 35,000 + 100% allowances | 40,000 | 70,000 |
Flexible Working Hours
To enable IILM’s faculty to multi-task in teaching, research and consultancy, we allow flexible timing
Gratuity
IILM faculty and staff members are entitled to gratuity as per the Payment of Gratuity Act, 1970 and rules framed there under and amended from time to time
Holidays
Faculty members and staff need time to attend to personal, family and societal obligations. We offer 10 paid staff holidays, 10 consecutive summer break days and 4 winter break days in each calendar year.
Leaves
Faculty member and staff are entitled to 15 days of earned leave, 7 days of sick leave and 7 days of casual leave in a calendar year
Leave Travel Assistance
LTA is provided to all confirmed faculty & staff members.LTA can be availed for an amount equivalent to 1 months-current basic salary of the faculty & staff members in a year. If faculty & staff members avail LTA once in a block of 2yrs he /she shall be eligible for an amount which is equivalent to 2 months basic salary, drawn in the respective block of two yrs.75% advance can be drawn before proceeding on leave.
Loans
Loans to faculty & staff members are provided ( subject to approval) for house building -- major repairs/new purchase; daughter’ s or dependent sister’ s marriage; serious illness -- hospitalization for self, spouse, parents and unmarried children; natural calamities and on similar compassionate grounds; purchase of own vehicles (two-wheeler/four-wheeler) and for higher education of children.
Medical Reimbursement
All eligible faculty & staff members are entitled to claim medical reimbursement up to maximum of one months basic salary during an academic year, on medical expenses incurred on self and family against submission of necessary medical bills and prescription vouchers and cash receipts. Family includes self, spouse, dependent parents and children.
Maternity Leave (ML)
ML is granted to female faculty & staff members as per Maternity Benefit Act and Rules framed there under as applicable.
Provident Fund
IILM staff is eligible for the provident fund which is operative with the Commissioner of the Provident Fund, Govt of India, as per the Provident Fund policy of Govt of India. Presently it is 12% of the basic salary, deposited by both, the employer and the faculty & staff members in PF account given to the faculty & staff members by the PF Commissioner.
Study Leave/Sabbatical
A study leave/extended/deputation for a maximum period of two years is available (subject to approval). During the period of study leave the faculty / staff member’s position will be maintained when he returns after the leave period.