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India IT Industry Faces A Gender Pay Gap Of 29%

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Monster India, an online career and recruitment solutions providers, launched the ‘Monster Salary Index India IT Sector Report 2014’ at the NASSCOM HR Summit 2014 held in Chennai.

Monster Salary Index (MSI) is an initiative by Monster India in collaboration with Paycheck.in (managed by WageIndicator Foundation) and IIM-Ahmedabad as a research partner. MSI has successfully empowered jobseekers with a benchmarking to compare their salaries with other anonymous profiles across a broad spectrum of industry domains, experience, functional groups both in India and other global markets. For employers, MSI is an online salary survey that aims to provide employers with practical information and helps them make informed decisions by analyzing the salary market and optimizing employee remuneration.

According to the report, the gender pay gap in the IT industry is as high as 29 per cent. As per the Monster Salary Index, the male IT worker receives gross salary of Rs 359.25 per hour while female receives Rs 254.04 per hour. This disparity possibly emerges from the fact that men get promoted to supervisory position more often than women.

The report also states that the tenure of an employee with an organisation is a compelling factor that sways the salary of an employee. More experienced workers are paid better than less experienced ones. While on an average an employee with less than 3 years of experience gets Rs 142.97 per hour and an employee with more than 10 years of experience gets Rs 625.55 per hour.

Women have started being active in the IT sector only recently and are also likely to find it harder to accumulate tenure due to family obligations. Re-entry to the job market is difficult for women and they are often paid less when they decide to enter the labour market again. With more number of career breaks in their job history, the negotiating capacity of women in the labour market declines. Hence, men with similar experience earn higher salary as compared to women.

Colgate’s Net Sales Up 13%, Net Profit Up 4%
Colgate-Palmolive (India) Limited reported net sales of Rs 950.6 crore for the first quarter of the financial year 2014-15, a 13 per cent increase over the same period of the previous year and Net Profit After Tax of Rs 134.9 crore with Earnings Per Share of Rs 9.92, an increase of 4 per cent over the same quarter of the previous year excluding exceptional item in the previous year relating to the slump sale of Global Shared Services Organisation to Colgate Global Business Services Private Limited, a 100 per cent subsidiary of Colgate-Palmolive Company, USA.
 
The Company posted a strong volume growth of 5% for the quarter and continued to enhance its leadership position in Toothpaste category by registering a volume market share of 57.0 per cent for the period Jan’14-Jun’14, an increase of 110 basis points over the same period of the previous year. The flagship brands “Colgate Dental Cream”, “Active Salt”, “Max Fresh” and “Colgate Total” along with the recently launched “Visible White” have contributed to this growth.

The Company further strengthened its leadership position in the Toothbrush category by registering a volume market share of 42.6 per cent for Jan’14-Jun’14, an increase of 140 basis points over the same period of the previous year.

ManageEngine Launches WiFi Monitor Plus
ManageEngine, an IT management company, launched WiFi Monitor Plus. Available immediately, the free diagnostic app lets IT admins in SMBs and large enterprises monitor, analyze and survey WiFi signals in any area, directly from their Android mobile devices.

WiFi Monitor Plus offers both Analyzer and Surveyor modes, making it the first WiFi monitor to offer both modes in one app.

Analyzer mode lets users view available networks, graphs of the scanned networks’ signal strength, and channels with interference. The information helps users take appropriate actions to optimize WiFi connectivity.

Surveyor mode allows users to survey a site for the best signal strength. The heat map feature indicates the strength of the scanned WiFi networks. Users can upload their floor plans and survey different locations on the site for signal strength.
 
Schneider Electric Showcases Efficient, Sustainable And Liveable Smart City Model
Schneider Electric India Limited has showcased its advanced technologies and solutions which enable integration and automation of various market segments with an eye to enabling efficient, sustainable and liveable Smart Cities. Through integration at energy, power and information technology levels, Schneider Electric’s integrated solutions have been efficiently managing and driving smart cities across the globe.

In the energy segment, Dry-type cast resin Transformers (Trihal), Premset MV Switchgear, Feeder Automation, Sub-station Automation and Advanced Distribution Management System showcases Schneider’s unparallel strength to create end-to-end implementation and management calibre – prowess that is essential to build and sustain Smart City and makes Schneider a master in this.

Prakash Chandraker, Vice President, Energy Business, Schneider Electric India said, “ Elasia is the biggest arena of all for players like us to showcase their strengths, learn of the areas where we can still improve but above all, it is the biggest melting pot for exchange of ideas and sharing of  thoughts and learning.”

MAIT Organises ICT SME Conclave 2014
MAIT, the apex body representing India’s IT hardware, training and R&D services sectors, in association with the Department of Electronics & Information Technology (DeitY) and Ministry of MSME organised “MAIT ICT SME Conclave – 2014” in Bangalore. The conclave witnessed the participation of several industry bodies like BCIC, AIT-Bangalore, Elcina, NSIC among a host of SMEs who participated in the day long conclave.

Anwar Shirpurwala, Executive Director, MAIT, said “SME Conclave is an endeavor to reach out to SMEs in the IT sector from across the country, providing them a single platform to address their requirements and give them an opportunity to update their knowledge about various government schemes, business opportunities, latest technologies and investment opportunities available in IT sector in India and abroad. SME Chapter was created by MAIT last year as it recognizes the potential of SMEs acting as a growth engine for leading the sector forward”.