Gender pay gap high at 27% in India
TIMES NEWS NETWORK Mumbai:
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For a nation which celebrated equal pay day recently , the numbers speak otherwise. The gender pay gap in India stands at 27%, according to the latest Monster's Salary Index (MSI). According to the report, women earned a median gross hourly salary of Rs 207.9 against Rs 288.7 for men.The highest gender pay gap was recorded in the manufactu was recorded in the manufacturing sector at 34.9%, where there are strict regulations with respect to women working in factories. On the other hand, the lowest gender pay gap was recorded in the BFSI and transport, logistics and communication sectors at 17.7%. These sectors see greater participation of women in the workforce.
At a gender pay gap of 27%, India does not fare well compared to other countries. While Monster did not reveal comparative global numbers, other reports have ranked India high among countries (Japan, Ko rea) with a gender pay gap above 25%. In most countries, including the US, Canada, Australia, United Kingdom, France Germany and Mexico, the gender pay gap is below 20%. In New Zealand and Spain, it's below 10%. According to reports citing World Bank statistics, on an average, for every $100 earned by a man, a woman was paid around $76.
Reasons attributed by Monster for the gender pay gap in India include a possible preferential treatment towards male employees for promotions to supervisory positions and career breaks taken by women due to parenthood and other socio-cultural factors.
Sanjay Modi, MD (India Middle EastSoutheast Asia Hong Kong), Monster, said, “Worldwide, the lack of pay parity has taken a centre stage with strong views being shared by sportspersons, political and business leaders alike. Men often receive higher salary offers than women vying for the same title in the same organization. Needless to say, the situation is far from desired in India, especially when the country is gearing towards inclusive development.“
Modi said while some cri tics may claim that this gender pay gap is simply due to the choices women make, occupation, family, or education level, “that could not be further from the truth“. “ There is a strong need to create equal opportunities for all, particularly women, who are key contributors in the Indian job market,“ said Modi.
At a gender pay gap of 27%, India does not fare well compared to other countries. While Monster did not reveal comparative global numbers, other reports have ranked India high among countries (Japan, Ko rea) with a gender pay gap above 25%. In most countries, including the US, Canada, Australia, United Kingdom, France Germany and Mexico, the gender pay gap is below 20%. In New Zealand and Spain, it's below 10%. According to reports citing World Bank statistics, on an average, for every $100 earned by a man, a woman was paid around $76.
Reasons attributed by Monster for the gender pay gap in India include a possible preferential treatment towards male employees for promotions to supervisory positions and career breaks taken by women due to parenthood and other socio-cultural factors.
Sanjay Modi, MD (India Middle EastSoutheast Asia Hong Kong), Monster, said, “Worldwide, the lack of pay parity has taken a centre stage with strong views being shared by sportspersons, political and business leaders alike. Men often receive higher salary offers than women vying for the same title in the same organization. Needless to say, the situation is far from desired in India, especially when the country is gearing towards inclusive development.“
Modi said while some cri tics may claim that this gender pay gap is simply due to the choices women make, occupation, family, or education level, “that could not be further from the truth“. “ There is a strong need to create equal opportunities for all, particularly women, who are key contributors in the Indian job market,“ said Modi.
Source: Times of India, 18-05-2016
