According to a survey conducted on the basis of database collected from Monster India, women in India earn 25% less as compared to men. Men earn a median gross hourly salary of Rs.345.80 whereas women earn Rs.259.8, reported Monster India.
The gap in income has reduced by 2% since 2015 when it was 27.2%. However, 68.5% of the Indian women feel that gender parity still affects the salary statistics. More than 62% of the working Indian women believe that men get better salary packages and promotion opportunities in organizations.
According to the Monster Salary Index (MSI) on gender, average gender pay gap is highest in the manufacturing sector i.e. 29.9%. Second in the list was the IT sector with an average gender pay gap of 25.8%. BFSI sector shows a gap of 21.5%, slightly better than the overall gender pay gap in India.
The lowest pay gap has been witnessed in the Education and Research sector, where it stood at 14.7%.
Managing Director of APAC & Middle-East, Monster.com, Sanjay Modi agreed that gender pay gap exists in India. Sharing his view on the matter, Sanjay said that this only demonstrates the underlying diversity challenges.
He also said that the gap can be bridged if tangible initiatives are taken to encourage women and provide them with skill training and education regarding the importance and strategy of decision-making.
The survey conducted by Monster India was based on parameters like workplace, growth, safety and responses sent by more than 2,000 working women.