Page 18 - Appreciating Organization's Biggest Assets

work satisfaction, employee the manufacturing sector, men earn
engagement, and productivity 24% more than women. However,
when incorporated within a larger this is merely a portion of the overall
compensation strategy. picture. Women frequently receive

With the proper policy design much lower pay than males in the
and implementation, these policies unorganized sector, particularly in
can effectively highlight wage industries like agriculture, due to
discrepancies and encourage firms perceived abilities that differ from
to fix the inequities they discover. men. According to Kishore Poduri,
There is more complexity here, even country head-HR DBS Bank
though the gender pay gap is just the India, the pay gap has been one
average difference in compensation of the most significant difficulties
between working men and women. facing women in the workforce. It
The difference is more evident if further grows as they advance in
you compare the corrected and their careers. He claims that these
unadjusted figures. The unadjusted ingrained biases include denying
wage gap and the adjusted wage gap women promotions or salary raises
are two separate figures. The latter just because they plan to file for
considers disparities in criteria, maternity leave or evaluating a
including occupation, education, person’s performance based on
and employment experience, while whether they would be available
the former merely differentiates outside of regular business hours.
between the mean and median He thinks businesses are bringing
incomes of the two genders. change, but more work needs to
be done. He asserts that, despite
Women in India make 19% fewer women to hire overall due to
less money than men, according low female workforce participation,
to the Monster Salary Index “if they have to take professional
(MSI) published in March 2019. vacations, their compensation
According to the report, the male might knock when they come back.”
population in India earned a In organizations, there are both
median gross hourly wage of 242.49 conscious and unconscious biases
in 2018, compared to 196.3 for against women, which become
women, representing a difference of more evident as women move up
46.19. The poll found a gender pay the hierarchy. According to a 2018
disparity in many vital industries. LinkedIn study, the vast majority
Men earn 26% more than women in of participants (61%) believe that
the IT services industry, whereas, in the job description’s remuneration

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