JOIN USWomen in India earn 20% less than men, indicating that gender plays an important parameter while determining salaries in India, says a report.
According to the latest 'Monster Salary Index' (MSI), men earned a median gross hourly salary of Rs 231, compared to women, who earned only Rs 184.8.
"The overall gender pay gap of 20% is still a daunting number," said Abhijeet Mukherjee, CEO, Monster.com - APAC & Gulf.
Though on a year-on-year basis, the gender pay gap has narrowed by about five percentage points from 24.8% in 2016, the report said gender pay gap widens as one gains in work experience.
As per the report, men with 0-2 years of experience, earned 7.8% higher median wages than women, and those with 6-10 years of experience earned 15.3% more.
Men with 11 and more years of experience earned 25% higher median wages than women, it added.
However, there is a marginally inverted pay gap in the experience group of 3-5 years, where women are earning more.
Monster Salary Index (MSI) is an initiative by Monster India in collaboration with Paycheck.in (managed by WageIndicator Foundation) and IIM-Ahmedabad as a research partner.
The analysis is based on the WageIndicator data-set covering the period of 3 years, from January 2015 to December 2017.
Monster.com also carried out a Women of India Inc survey, capturing responses of about 5,500 working men/women.
As per the survey, a majority of respondents (69%) said gender parity needs to be a top priority for organisations as only 10% organisations have a robust gender diversity programme.
About 36% respondents said there is a need for India Inc to step up and implement pragmatic policies to bridge the pay gap and change employee perception for healthy work culture and foster equal opportunities, it added.