According to a survey by Michael Page India, 72% women think they will have better work-life balance, compared to only 53% of women in Asia Pacific
Mumbai, March 07, 2016: While organisations work around the clock to fast-track diversity policies across India Inc., women continue to feel the pinch in terms of salary, according to a study by Michael Page India, the specialist recruitment firm.
The study analysing responses from around 300 women employees from mid-senior level, across organisations and sectors, and drawing a comparison between their male counterparts, as well as women in the Asia-pacific region, finds:
- Indian women are less confident about their job search, with only 68% confident about finding a job within the next three months
- 28% women are not satisfied with their current salary, higher than the 23% Asia Pacific average
- 17% women are not satisfied with their job security, lower than their male colleagues (21%) and the Asia Pacific average (22%)
- 32% women are satisfied with their opportunity for promotion in the next 12 months, higher than their male colleagues (26%)
- 54% of women in India are not considering working overseas in the near future
Sebastien Hampartzoumian, Senior Managing Director, Michael Page India, says, “Women are more realistic about their promotion, as they are able communicate their challenges better. While searching for a new job, salary is not as important for women as it is for men. They prefer matching their life priorities with their career. Interestingly, more Indian men are looking for better work-life balance that women. We think this is more a behavioural trend as Indian women are more likely to maximize their output to ensure a healthy balance, while men are more laid back when it comes to attaining a good balance between work and family.”
The survey notes that Indian women are slightly less confident about their job search than men, as women’s work choices tend to be constrained by multiple factors, such as job location and flexible work hours, while men are much more mobile. There also continues to be a gap in salary between men and women, as sabbaticals post marriage and child birth tend to take a toll on their career, placing them on the back foot in terms of pay parity.
However, the government’s agenda to promote gender diversity has definitely enhanced optimism about job security, as more organisations revamp their policies to be women-centric. This has led to more women looking forward to being promoted in the next 12 months, with women-retention at an all-time high.
About Michael Page:
As part of PageGroup, Michael Page is a leading professional recruitment consultancy specialising in the recruitment of permanent, contract and temporary positions on behalf of the world’s top employers.
Michael Page launched operations in India in January 2011, in line with its commitment to grow the company’s footprint in the Asia region. Today, the business in India has grown organically and is now made up of more than 55 people working across two offices in Mumbai and Delhi (NCR). Within the India business, Michael Page’s experienced consultants specialise in the recruitment of middle to senior level professionals across Banking & Financial Services, Finance & Accounting, Sales & Marketing, Human Resources, Legal and Procurement & Supply Chain.
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