Page 33 - Appreciating Organization's Biggest Assets

in India. An average compensation states that post pandemic women
of Rs. 1.91crore is paid to female executives were paid 75 percent of
representatives, whereas Rs. 2.24 what was given to male executives.
crore to the male executives as There has been a downfall in
compensation. As per her survey, the pay structures including the
there has been a hike in the number compensation plans. There was a
of women employees from 4.5 slightly high number of women
percent in 2014 to 16 percent in executives at organizations which
2022 in NSE 500 companies. The fell down post pandemic. Many
research further states that there organizations have adapted the
are only 7% women in the senior transparent pay practice, this
management and 5% in the top technique is showing a change
management. in gender parity and lower and

Rica Bhattacharyya, (Glass ceiling: middle level management. But
Pay gap between women and men at the top level, women are still
CEOs doubles, Economic Times facing these differences for their
Bureau, 08 Feb, 2020) states that gender. Compensation plans are
male CEOs and CXOs got salary also being affected due to this
increments while salaries of women reason for executive roles and top-
executive directors were stagnant. level management. It the female is
The gender pay gap between male paid low salary compared to male
and female executive directors executives; the compensation plans
doubled in FY19 as average salary are also framed accordingly. Which
of male Executive directors rose by makes it lower on the bar.
8% while average salary of female Tracy A. Thomas (Shattering
executive directors fell by 12%. The the Equal Pay Act’s Glass Ceiling,
data collected by her reveals the “Women and the Law” West
underrepresentation of women in Publishing Co., 2011. p. 123-181)
leadership and corner rooms, where states that the gender pay-gap
90% of EDs are male. This strong increases for women as they move
bias against women is affecting their towards upper-level management.
career growth and promotions. The higher the educational level
This could result in the downfall or the managerial position the
of women employees or executives women hold, even on executive
in organizations. Stephen Miller, levels, they are not provided the
(Gender Pay Gap for Executives same compensation that their
Grew During Pandemic, CEBS, mail colleagues receive. The
21 February, 2022) in her research compensation gap increases as

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