Khaleej Times

Indian women get 25% less salary than men

-

new delhi — Gender continues to be a significan­t parameter in determinin­g salaries, as men earned a median gross hourly salary of Rs345.8, whereas women earned Rs259.8, a survey has showed.

The ‘Monster Salary Index’ (MSI) report on gender pay parity was released in a survey titled ‘Women of India Inc’ by online career and recruitmen­t solutions providers Monster India.

Despite initiative­s on equal pay, 62.4 per cent women feel that their male counterpar­ts get more promotion opportunit­ies.

The overall gender pay gap in 2016 amounts to 25 per cent -- a 2 percentage points drop from the 27 per cent gap in 2015, the survey noted. “In India, the gender pay gap story holds true and the overall gap across India Inc is at 25 per cent. This primarily is a manifestat­ion of the underlying diversity challenges that organisati­ons currently face,” Sanjay Modi, Managing Director (APAC and MiddleEast) at Monster.com, said in a statement on Monday.

Analysing different sectors, the survey revealed that the average gender pay gap in the ‘manufactur­ing sector’ stood at 29.9 per cent — an improvemen­t of five percentage points from 2015 and the highest in India. This was followed by a 25.8 per cent pay gap in the informatio­n technology (IT) sector. While the gender pay gap in the banking, financial services and insurance (BFSI) sector was at 21.5 per cent, the education and research sector the average gender pay gap stood at 14.7 per cent.

Furthermor­e, nearly 68.5 per cent women of India Inc feel that gender parity still a concern and the management needs to step up and implement pragmatic policies to bridge the gap.

“There is a dire need for tangible initiative­s to bridge this pay gap with removing structural impediment­s to women’s growth providing access to skills training, jobs and decisionma­king,” Modi added.

The survey was conducted on Monster India’s database from responses over 2000 working women from Delhi NCR, Mumbai and Bangaluru. —

Newspapers in English

Newspapers from United Arab Emirates