TomorrowMakers

Women are climbing the corporate ladder in the technology sector wherein they are assuming important roles. However, when it comes to their compensation, the story is sad. They are paid much less than their male counterparts.

Gender Pay Gap as Women

The number of women in top leadership roles in the technology sector is limited. Though this number is slowly rising as women are climbing the tech ladder, a worrying issue is the gender pay gap. It has been observed that as the hierarchy level increases, so does the gender pay gap. In simpler words, women are paid less than their male counterparts as they grow in their roles in the tech sector. Aon, in partnership with the Economic Times, conducted a study which showed that the pay gap in the technology sector stood at 28% to 30% while in junior management roles, the gap was a mere 8% to 10%.

  • As women are climbing the corporate hierarchy in the tech sector, the gender pay gap is increasing too.

  • An Aon study showed that the gender pay gap in the tech sector was around 28% to 30%, lower than that of 34%-35% during the pandemic.

  • Xpheno survey found that 2 in 10 females were employed in top roles compared to 3 in 10 males.

  • Many IT companies, like Capgemini, Wipro and Mphasis are trying hard to lower the gender pay gap.

Other Findings of the Study

  • While the pay gap is high, the study showed that it was lower compared to a gap of 34% to 35% found during the pandemic.
  • Nowadays, companies are making an all-around effort to bring gender parity. While earlier, the inclusion of women was only the prerogative of human resources, now, all stakeholders, like the Board of Directors and even the CEOs, are making an effort.

What Other Surveys Found?

Besides Aon, Xpheno also conducted a survey across 25,000 participants in the technology sector. Here’s what the survey found –

  • The percentage of female engineers was lower compared to males at the higher salary levels.
  • 2 in 10 females compared to 3 in 10 males are receiving CTCs in the Rs 15 lakh+ level

Also Read – Digital fluency can help minimise gender pay gap. Know how

The Road Ahead

Leading IT companies like Capgemini, Mphasis, and Wipro, among others, are trying to create a diverse and fair workplace. 42% of Capgemini’s employees are females and the company regularly monitors the gender pay gap and tries to minimise it.

Similarly, Mphasis comprises about 35% of the women workforce and conducts periodical audits to check and rectify pay issues.

Click here to read the latest articles on What’s Trending 

The Bottom Line

The gender pay gap is a reality but tech companies are making efforts to minimise it as much as possible. All good things take time and this will too. Meanwhile, women will continue to make their mark in the corporate world.

Also Read – Know how long will it take for personal finance to become gender neutral 

The number of women in top leadership roles in the technology sector is limited. Though this number is slowly rising as women are climbing the tech ladder, a worrying issue is the gender pay gap. It has been observed that as the hierarchy level increases, so does the gender pay gap. In simpler words, women are paid less than their male counterparts as they grow in their roles in the tech sector. Aon, in partnership with the Economic Times, conducted a study which showed that the pay gap in the technology sector stood at 28% to 30% while in junior management roles, the gap was a mere 8% to 10%.

  • As women are climbing the corporate hierarchy in the tech sector, the gender pay gap is increasing too.

  • An Aon study showed that the gender pay gap in the tech sector was around 28% to 30%, lower than that of 34%-35% during the pandemic.

  • Xpheno survey found that 2 in 10 females were employed in top roles compared to 3 in 10 males.

  • Many IT companies, like Capgemini, Wipro and Mphasis are trying hard to lower the gender pay gap.

Other Findings of the Study

  • While the pay gap is high, the study showed that it was lower compared to a gap of 34% to 35% found during the pandemic.
  • Nowadays, companies are making an all-around effort to bring gender parity. While earlier, the inclusion of women was only the prerogative of human resources, now, all stakeholders, like the Board of Directors and even the CEOs, are making an effort.

What Other Surveys Found?

Besides Aon, Xpheno also conducted a survey across 25,000 participants in the technology sector. Here’s what the survey found –

  • The percentage of female engineers was lower compared to males at the higher salary levels.
  • 2 in 10 females compared to 3 in 10 males are receiving CTCs in the Rs 15 lakh+ level

Also Read – Digital fluency can help minimise gender pay gap. Know how

The Road Ahead

Leading IT companies like Capgemini, Mphasis, and Wipro, among others, are trying to create a diverse and fair workplace. 42% of Capgemini’s employees are females and the company regularly monitors the gender pay gap and tries to minimise it.

Similarly, Mphasis comprises about 35% of the women workforce and conducts periodical audits to check and rectify pay issues.

Click here to read the latest articles on What’s Trending 

The Bottom Line

The gender pay gap is a reality but tech companies are making efforts to minimise it as much as possible. All good things take time and this will too. Meanwhile, women will continue to make their mark in the corporate world.

Also Read – Know how long will it take for personal finance to become gender neutral