India has a typical socio-cultural mindset, wherein women often prefer or are compelled to take up part-time jobs as it is expected that they fulfil the primary responsibility of taking care of household activities and children.
The report further said more experienced workers are paid better than less experienced ones. While on an average an employee with less than three years of experience gets 142.97 per hour, an employee with more than 10 years of experience gets 625.55 per hour.
In terms of job tenure, women are in a secondary position as they find it hard to accumulate years in office due to family obligations.
“With more career breaks in their job history, the negotiating capacity of women in the labour market declines. Hence, men with similar experience earn higher salary as compared to women,” the report said.
The other factors that influence the salary are company size and ownership.
It is observed that wholly-owned foreign companies pay higher salaries. In India, about 65 per cent of the workforce in IT sector works in large to mid-sized companies with more than 5,000 employees, the report added.
READ MORE:
The 3 Career Mistakes Worth Committing Once
India Has 274 Accredited Universities: Smriti Irani