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Bitter Truth of Salary imbalance: Women are less paid than Men

According to a new survey conducted by Monster, a hard-hitting fact about the wide gender gap in India came to light. Indian women earn less than 25 percent of what Indian men earn. This pay gap was revealed by the Monster Salary Index (MSI; according to the research, men take home a median gross hourly salary of Rs. 345.8 in comparison to women who earn only Rs. 259.8.Though the pay gap narrowed in 2016 in comparison to the difference of 27.2 per cent in 2015, it is still higher than the gap of 24.1 per cent recorded in 2014.

Salary imbalance - Chakreview

Salary imbalance – Chakreview

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Varying pay gap across sectors

Every job sector recorded a varying pay difference between men and women but the manufacturing industry had the widest difference with female employees getting 29.9 per cent lesser salaries than the male staff. The gender pay gap in the legal and market consultancy and business activities sector is recorded at  27.5 per cent thus making the second highest salary difference between men and women employees. The technology sector recorded the third highest gender pay gap with men taking 25.8 per cent higher salaries than women. Three sectors- banking, financial services and insurance witness a salary gap of 21.5 per cent. The education and research sector recorded the pay gap at 14.7 per cent. In logistics and communication sector, women are underpaid by 5.2 per cent.

“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 organizations.

The survey also took an overview of the perspective of female employees on the gender pay disparity. 68.5 per cent Indian women feel that the largest democracy in the world still has a long way to go when it comes to gender parity; they emphasized that the management needs to prioritize this issue and lower it at the earliest. 20,350 respondents had taken part in the survey on the comparison of wage and working conditions of Indian women against their male counterparts. The survey was completed over the three years starting from January 2014. The workforce from  Delhi NCR, Mumbai and Bengaluru formed the group of respondents.

 

Lack of facilities for a working mother

 The Monster.com research raised a lot of issues that working women in India have to battle on everyday basis. It is saddening to note that one of the reasons for gender pay gap could be women requiring more number of leaves for maternity and child care. An overwhelming number of women respondents feel that our country lacks proper child care facilities and thus burdening them with dual pressure of frequenting between office and home. Women professionals can contribute more if they are provided with facilities like on-site child care centers or an opportunity to work from home.

 

Women safety: Crucial to encourage female workforce participation

 78 per cent of the female respondents consider that safety at workplace is one of the most decisive factors to take up a job. Women workforce prefers to avoid night shifts despite companies providing cab facilities for pick up and drop at home. 62.7 per cent respondents thought that organizations can instill confidence in their women workforce by providing self-defense training at regular intervals.

Male preference

 62.4 per cent women employees said that their male colleagues have more promotion opportunities along with the power of deciding promotions.  Many women shared that despite equal years of experience and similar performance reviews, men are preferred over them merely on the basis of their gender.

Purpose of the study

This research on gender pay gap was devised with an aim to inform both recruiters and job seekers about the various factors that can source gender disparity at workplace and the issues they need to take care of in order to motivate their existing female employees.The director at Wage Indicator Foundation, Paulien Osse, said, “The report has been devised basis an extensive methodical research across eight key sectors in India with an aim to empower recruiters and job seekers to analyze salaries through a credible platform.”

As quoted by Economic Times, Professor Biju Varkkey of IIM-Ahmadabad said, “The analysis is a credible repository supported by data and elaborate understanding of the Indian job market. The study aims to help understand salary and related trends in the Indian employment scenario.”

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