Women In India Earn 19% Less Than Men, Says Report
Gender pay gap is still high in India as women earn 19 percent less than men in the country and wage inequalities in favour of men are present in all the relevant sectors, a survey said.
According to the latest Monster Salary Index, the current gender pay gap in India stood at 19 percent where men earned Rs 46.19 more in comparison to women.
The median gross hourly salary for men in India in 2018 stood at Rs 242.49, while for women it stood at around Rs 196.3.
According to the survey, the gender pay gap spans across key industries. IT/ITeS services showed a sharp pay gap of 26 percent in favour of men, while in the manufacturing sector, men earn 24 percent more than women.
Surprisingly, even in sectors like healthcare, caring services, and social work, men earn 21 percent more than women, even as notionally these sectors are more identified with women, the survey said.
Financial services, banking and insurance is the only industry where men earn just 2 percent more, it said.
According to the report, gender pay gap widens with the years of experience. In the initial years, the gender pay gap is moderate but rises significantly as the tenure increases.
For those with over 10 years of experience, the gender pay gap in favour of men reaches the peak, with men earning 15 percent more than women. In 2018, the gap had narrowed only by 1 percent from 20 percent in 2017.
“The narrowing of the gender pay gap by just 1 percent is not just a cause for concern, but a reminder to genuinely introspect if we are doing enough. It becomes pivotal to galvanize forces across corporate and industries to work towards gender pay parity,” said Abhijeet Mukherjee, Chief Executive Officer, Monster.com, APAC & Gulf.
Monster Salary Index is an initiative by Monster India in collaboration with Paycheck.in (managed by WageIndicator Foundation) and IIM-Ahmedabad as a research partner.
Monster.com has also conducted the ‘Women of India Inc’ survey aimed at understanding the working women of India and their workplace concerns which said that 71 percent men and 66 percent women feel that gender parity needs to be a top priority for their organisations.
As high as 60 percent of the working women felt that they are discriminated at work.
The most notable form of discrimination is perception that women are less serious about work once they are married. About 46 percent women feel that maternity leads to a perception that they will quit. About 46 percent women also believe that there is a notion that women can’t put the same number of hours as men.