Women execs earn Rs 85 for every Rs 100 earned by men: IIMA study

What is the News?

Indian Institute of Management Ahmedabad (IIMA) has released a study titled “The Glass Ceiling: Research Report on Leadership Gender Balance in NSE 200 Companies”. This study was conducted to understand the gender balance in top organizations.

What are the key findings of the study?

Gender Pay Gap: Senior women executives earn an average of Rs 85 for every Rs 100 earned by their male counterparts.

The pay gap widened as women advanced in their careers. While the women at an individual contributor level earned 2.2% less than the men, the pay gap inc­reased to minus 3.1% for manager/supervisor, minus 4.9% for director and minus 6.1% for executive.

Women in Top Positions:  The number of women directors has inc­reased from 4.5% in 2014 to around 16% in 2020 due to regulatory requirements.

But the number of Women in Top Management(WTM) (5%) and Women Senior Executives (WSE) (7%) was found to be significantly lower than the percentage of women on the board of directors(16%).

Note: The study defined Women Directors(WD) as those included in the board of directors, Women in Top Management(WTM) as those among the top 10 individuals in a company based on salary drawn and Women Senior Executives (WSE) as those earning more than Rs 1.02 crore per annum including top management.

Source: This post is based on the article “Women execs earn Rs 85 for every Rs 100 earned by men: IIMA study” published in Business Standard on 11th Feb 2022.