While men earn a gross hourly salary of Rs 345.80 while it is only Rs 259.8 for women.
Women in India earn 25% less than men, with men earning a median gross hourly salary of Rs 345.80, while for women it is only Rs 259.8, says a Monster India report. Though the gender pay gap has narrowed by 2 percentage points from 27.2% in 2015 over last year. About 68.5% women of India Inc feel that gender parity is still a concern.
The Monster Salary Index (MSI) on gender noted that sector-wise the average gender pay gap in the manufacturing sector stood at 29.9% -- the highest in India. The Manufacturing sector was followed by the IT sector where it stood at 25.8%. The gender pay gap in the BFSI sector was at 21.5%, slightly under the general gender pay gap in India (25%). In Education and Research sector, the average gender pay gap was at 14.7%.
"In India, the gender pay gap story holds true and the overall gap across India Inc is at 25%. This primarily is a manifestation of the underlying diversity challenges that organisations currently face," Sanjay Modi, Managing Director, APAC & Middle-East, Monster.com said. Modi further noted that "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 decision-making".
The survey further noted that despite conversations on equal pay and initiatives being taken to create a more inclusive environment, 62.4% women feel that their male counterparts get more promotions opportunities and gender continues to play a role in deciding promotions along with other parameters. MSI is an initiative by Monster India in collaboration with Paycheck.in (managed by WageIndicator Foundation) and IIM-Ahmedabad as a research partner.
The survey was categorised under the parameters of- workplace, growth and safety. The survey was conducted on Monster India's database capturing responses from over 2,000 working women.
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