It is 2017, and India is challenging the global superpowers for business and social dominance. But still, women are paid 25% less compared to men, and the figures of discrimination in salaries given out to men and women are alarming.
As per latest Monster Salary Index (MSI) for 2016, Indian men are earning a median gross hourly salary of Rs 345.8, while for the same task, Indian women are earning Rs 259.8, which is a gender pay gap of 25%.
The good news is that this gap has narrowed down, compared to 2015 when the percentage was 27.2; and somewhat closer to 2014 when the gender pay gap was 24.1%.
But still, a lot has to be achieved to make it equal.
ICT, Manufacturing Sectors Worst Affected
Information & Communication Technology Services or ICT has proved to the worst sector for those women, who wish to have equal salaries as men. With gender pay gap of 38.2%, ICT proved to be #1 when it comes to discriminating between men and women.
Men working in ICT sector earned Rs 142.5 more than women working in the same profile and designation.
If we talk about the manufacturing sector, then the gender pay gap stood at 29.9%, which is an improvement of 5% points compared to 2015.
Transport, Logistics & Education Research Sector Best For Equal Pay
Transport and Logistics sector along with Education and Research sector have proved to be the best industry, if someone is looking for equal salaries for both men and women. With a gender pay gap of 7% and 14.7% respectively, it seems there is less discrimination in these sectors.
Besides, hourly median pay of both men and women increased by 7% for education as Rs 203.8 is the average hourly salary, whereas, for transport and logistics, the average hourly salary stood at Rs 264.4.
In the Technical Consultancy niche as well, gender pay gap has been controlled at 18.1% as men are earning only Rs 52.2 more than women in this sector. Average hourly salary in this sector stood at Rs 288.7, thereby becoming third highest salary provider in India.
- Legal and Market Consultancy sector witnessed gender pay gap of 27.5% as men are earning Rs 73.9 more than women.
- In the Health care and Social work sector, gender pay gap stood at 22.6%, one of the highest in India, but below the national average. Men are earning Rs 242.4 per hour, while women are earning Rs 187.6.
- In Financial Services and Banking Sector, gender pay gap remained at 21.6%
- IT Industry witnessed men getting 21.6% more than women’s salaries.