India suffers from huge gender pay gap, says report

According to the recently released Monster Salary Index, there exists a gender pay gap of 27% in India, where men earned a median gross hourly salary of Rs 288.68, whereas women earned only a median gross salary of Rs 207.85 per hour.  

·       Monster Salary Index is aimed at empowering jobseekers by establishing a benchmark to compare their salaries with other anonymous profiles across a broad spectrum of industry domains, experience, functional groups both in India and other global markets.

Highlights of the report:

·       According to the report, the highest gender pay gap was recorded in the manufacturing sector at 34.9%. The lowest gender pay gap was recorded in the BFSI and transport, logistics, communication, equally standing at 17.7%.

·       According to the report, some of the reasons behind gender pay gap could be the preference for male employees over female employees, preference for promotion of male employees to supervisory positions and career breaks of women due to parenthood duties and other socio-cultural factors.