Pay Gap in India widens

Simran Oberoi mailed this to a HR group.

The pay difference
between India ’s
managers and clerical staff continues to widen from 8.7% (2006) to 9.1% (2007),
according to a worldwide study released by global management consultancy Hay
Group.

The finding comes from a new report based on Hay Group’s global
compensation and benefits database, PayNet.
The Global Pay Gaps Report
analysed PayNet’s data on over 12 million employees to determine the difference
between the average pay of management level employees and clerical level
employees across 61 countries, and how that gap had changed from 2006 to
2007. Countries were then ranked in
order of greatest to smallest pay gap.

“As India ’s
economy continues to grow at a blistering pace, we need more top managers to
direct and drive businesses forward. Due to the global shortage of such
internationally mobile talent, we have to pay globally competitive prices to
attract them, thus widening the pay gap between the manager and his clerical
staff,” says Simran Oberoi, Consultant, Hay Group India .