DBS Bank India, in collaboration with CRISIL, launched the second of three reports from its comprehensive study entitled ‘Women and Finance‘. The perceived gender pay gap at a pan-India level stood at 23% among salaried women, while perceived gender bias stood at 16%.
Moreover, 42% of salaried women in metros face challenges while negotiating salaries. The report also revealed geographical bifurcation challenges while negotiating salaries as follows:
- In Kolkata, 96% of salaried women do not face a challenge in negotiating their pay.
- On the other hand, 33% in Ahmedabad feel the same.
- In Chennai, 77% of women do not face challenges when negotiating salaries, compared to 41% in Hyderabad.
Kishore Poduri, Managing Director, and Country Head – HR, DBS Bank India said, “Encouraging the active participation of women in the workforce is crucial for fostering their economic independence and ensuring autonomy in financial decision-making.”
“DBS embodies being a different kind of bank, and the ‘Women and Finance’ study is an extension of this ethos. Women constitute half of our global workforce and ~30% of our employee base in India”, Kishore Poduri added.
Kishore Poduri further said, “By leveraging some of the findings from this study, we can better address their diverse needs and provide support to help them thrive both personally and professionally,” he added.
Among salaried women, those who are unmarried show a greater appreciation for mentorship and career development opportunities compared to their married counterparts. Specifically, 26% of unmarried women express appreciation for such programs, compared to 16% of married women.
The study reveals that female earners in India’s metros prioritize health despite their busy schedules 66% undergoing comprehensive health check-ups in the past year.
The report is based on a survey of over 800 salaried and self-employed women across 10 cities in India and is designed to reveal the interplay between their professional aspirations and personal lifestyle preferences.
Note: We are also on WhatsApp and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click here, to subscribe to YouTube – Click Here, and for LinkedIn– Click here.
