Page 21 - Appreciating Organization's Biggest Assets

According to a recent ILO report
(2022) titled ‘Pay transparency
legislation: Implications for
employers’ and workers’ groups,’
pay transparency laws can help close
the gender wage gap and lessen
overall gender inequality in the
workforce. Pay transparency can
Lilly Ledbetter; Image Source: al.com assist companies in identifying and
Pooja Sengupta and Roma Puri, addressing pay discrimination that
in their paper titled ‘Gender Pay might otherwise have a detrimental
Gap in India: A Reality and the impact on the operation of the
Way Forward’ published in 2021, business and its reputation.
mention that data from NSSO Workers may have the information
for 2011-2012 show that all and supporting documentation
occupations in the informal sector, they need to negotiate pay rates
except for crop-based farming, had a and the means to contest suspected
salary difference of 19.78%. (Prasad, pay discrimination if there is pay
2016). The industry accounts for transparency.
55% of India’s billions, and because Although more educated women
women are disproportionately have entered the workforce over
represented in the primary sector, the past ten years, the Labour
many face salary discrimination Force Participation Rate (LFPR)
based on gender. The percentage for women has decreased. As per
for India is as high as 27%, with Biju Varkkey, Rupa Korde, and
men earning a median gross hourly Devansh Parikh (2017), even
income of 288.68 and women though the Indian Constitution
earning 207.85, according to the forbids any form of employment
most recent Monster Salary Index discrimination, the gender pay
by online job and recruitment gap exists in India. Their research
solutions provider Monster India broadly agrees with other research,
(PTI, 2016). The manufacturing and its findings support earlier
industry has the most gender pay research by Varkkey (2012).
disparity (34.9%), whereas the According to them, below are a
BFSI and Transport, Logistics, and few justifications for the gender pay
Communication sectors have the gap’s use in India:
lowest, at 17.7%. (PTI, 2016).

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