According to a report released on March 7, 2018, women in India earn 20 per cent lesser than men, although the gender gap narrowed down by around five percentage points in 2017.
The report by monster.com called Monster Salary Index (MSI) revealed that the current gender pay gap in India stands at 20 per cent, where men earned a median gross hourly salary of Rs 231, while women earned Rs 184.8.
• The index data revealed that the gap has narrowed by about five percentage points from 24.8 per cent in 2016.
• The index also revealed that the gender pay gap in India increases with work experience.
• The report stated that while men with 0-2 years of experience earned 7.8 per cent higher median wages than women, men with 6-10 years of experience earned 15.3 per cent more.
• Men with 11 and more years of experience earned 25 per cent higher median wages than women.
• However, there is a marginally inverted pay gap in the experience group of 3-5 years, where women were found to be earning more.
About Monster Salary Index (MSI)
• The index is an initiative by Monster India in collaboration with Paycheck.in (managed by WageIndicator Foundation) and IIM-Ahmedabad as a research partner.
• The analysis is based on the WageIndicator data-set covering the period of 3 years, from January 2015 to December 2017.
• This index was backed up by the findings of the second annual survey titled ‘Women of India Inc’, which was also undertaken by Monster.com.
Findings of Women of India Inc survey
• As per the survey, a majority of respondents (69 per cent) said gender parity needs to be a top priority for organizations, as only 10 per cent organisations have a robust gender diversity programme.
• About 36 per cent respondents said there is a need for India Inc to step up and implement pragmatic policies to bridge the pay gap and change employee perception for healthy work culture and foster equal opportunities.
• As high as 40 per cent women expressed that men fear being judged by their male peers and choose to support gender equality only in private.
• On the other hand, 44 per cent men confirmed that they can be effective advocates for gender initiative programs at workplace.
• The survey witnessed maximum share of participation from Delhi NCR at 24 per cent, followed by Mumbai at 22 per cent and Bengaluru at 20 per cent.
• The participation from non-metros was at 36 per cent.