Monster Salary Index survey

Context: 

  • Recently Monster Salary Index survey has been released. The survey is titled ‘Women of India Inc’.
  • It was prepared by Monster India in collaboration with Paycheck.in with IIM-Ahmedabad as a research partner.

Important findings of the report:

  • Women in India earn 19% less than their male counterparts and 60% working women in India feel that discrimination at work.
  • The median gross hourly salary for men was Rs 242.49—earned Rs 46.19—more in comparison to women who earned Rs 196.3 in 2018.
  • Sector-wise, IT/ITES services show 26 per cent pay gap in favour of men, followed by manufacturing sector, where men earned 24 per cent more than women.
  • In healthcare, caring services, and social work men earn 21% more than women, while Banking and Insurance is the only industry where men earn just 2% more.
  • Around 47% of women felt that the most notable form of discrimination is perception that women are less serious about work once they are married.
  • About 46% women feel that maternity leads to a perception that they will quit and the same percentage of women also believe that there is a notion that women can’t put the same number of hours as men.

Way ahead:

  • The narrowing of the gender pay gap by just one 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 corporates and industries to work towards gender pay parity.

Source:TH