Indeed, a leading global hiring and matching platform, recently commissioned a global report titled, ‘Promoting Women for Better Work’. It aims to provide a comprehensive overview of the experiences and perspectives of women in the workforce in India and across the world. The report also strives to identify areas where organizations and decision-makers can take action to create more inclusive and supportive work environments for women.
Key insights:
A Global Perspective on Salary Negotiation: Despite progress, over half of the women who requested a raise globally received less than they had hoped for.
Unveiling Indian Wage Realities: Amid India’s economic surge, a stark reality surfaces as 56 percent of women who sought raises received less than expected, signaling persistent challenges in attaining equitable compensation within the Indian job market.
Navigating the Gender Pay Gap: While women across surveyed nations perceive a glaring gender pay gap at the national level, Indian women express notably higher satisfaction within their organizational and sectoral realms.
According to Indeed’s Work Needs Women report, nine in ten Indian women (90%) identify pay as an important aspect of their jobs, the highest percentage of all 11 countries (global average 82%).
| Top 5 priorities for job satisfaction in India | |
|---|---|
| Compensation/salary | 90% |
| Job security | 89% |
| Work-life balance | 87% |
| Training and development opportunities | 87% |
| Company culture | 87% |
Indeed’s report reveals that the pursuit of job satisfaction for women is influenced by a variety of societal, cultural, and economic factors. While financial independence is a key motivator, women also prioritize achieving a work-life balance that allows for personal interests, family responsibilities, and professional growth. Job security remains a critical factor in this pursuit, along with the desire to develop new skills that can unlock further opportunities.
The report found that 53 percent of women from India are confident in asking for a raise, which is higher than the global average of 30 percent. In fact, India has the highest percentage of women who have asked for a raise (65%) compared to any other country.
Indian women feel that they are more likely to get a raise if they ask for one. Although India has seen considerable economic growth in recent years, leading to greater competition and increased living expenses, over half of the women who requested a pay raise (56%) were granted less than what they had asked for. India has the largest number of young people in the workforce globally, which can result in a highly competitive job market and lower wages.
The gender pay gap is a global concern, with most perceiving it to be more conspicuous at a national level, rather than within their specific organizations or industries. This perception is most pronounced in Italy (70%) and France (68%). However, Indian women feel that their country most closely resembles their views when it comes to the gender pay gap, followed by their industry and organization. To close the gender pay gap in India, women consider regular compensation reviews (39%), workplace flexibility (39%), and gender pay/salary audits (37%) as the top 3 ways.
Recognizing the significance of these initiatives is crucial, as studies, including those by the Harvard Business Review, have shown that companies with more women in senior positions tend to be more profitable, socially responsible, and offer safer, higher-quality customer experiences.
Community Manager.