India is making significant progress in reducing the gender pay gap, with male workers seeing wages increase by 7.2% on average in 2022 compared to 7% for women, according to a report by ADP Research Institute.
The data from the ‘People at Work 2023: A Global Workforce View’ report, based on a survey of over 32,000 workers across 17 countries, indicates that India is narrowing the gender pay gap, with both Indian men and women expecting their salaries to rise at the same rate of 8% in the next 12 months. The report reveals that nearly 63% of Indian survey participants expressed confidence in their company’s advancement toward achieving gender pay equality over the last three years, surpassing countries in the Asia-Pacific (APAC) region.
Despite men experiencing slightly higher pay increases than women, male employees surveyed are more likely to voice dissatisfaction with their salary, with 25% stating they felt their pay was fair, compared to 31% of female employees. The report also highlights that India has shown significant improvement in diversity, equity, and inclusion (DEI) initiatives over the last three years, bringing it to the top of the pack in the APAC region.
Almost 59% of Indian respondents reported improvements in DEI programs, compared to 42% in Australia, 57% in China, and 35% in Singapore. The report concludes that Indian workers are becoming more optimistic about their chances for skill development and are highlighting the willingness of employers to provide equal growth opportunities.
Read More: https://womenworldindia.com/
