India's gender pay gap in India stands at 27%, with men earning a median gross hourly salary of Rs. 288.68 per hour while their female colleagues earned just Rs. 207.85, the latest Monster Salary Index (MSI) said.
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.
Worldwide, lack of pay parity has taken a centre stage with strong views being shared by sports persons, political and business leaders alike. Men often get higher salary offers than women vying for the same title in the same organization, Monster India Managing Director Sanjay Modi said.
The highest gender pay gap was recorded in the Manufacturing sector at 34.9%, and the lowest in the BFSI and Transport, logistics, communication, standing equally at 17.7%. The reasons were pegged as male employees being preferred over female ones, preference for promotion of male employees to supervisory positions, career breaks of women due to parenthood duties and other socio-cultural factors.
The MSI report also indicated only 52.7% employees are satisfied with their pay while 75% say they're satisfied with their job.