 "90% employees complain about salary disparity: survey")
According to a survey by JobBuzz.in, the employer rating platform from TimesJobs.com, employees believe their companies pay external hires and favourites more.
"Employers need to address aberrations and correct misperceptions tactfully as these directly impact employee motivation, performance, productivity and loyalty," TimesJobs.com COO Vivek Madhukar said.
The survey noted that nearly 40% of professionals feel this salary disparity is due to external hires being paid more while 35% say it is due to favouritism by managers. Only 5% reason the disparity is the result of better individual performance.
"It is essential for companies to conduct salary- benchmarking surveys and correct actual and perceived inequalities in compensation among their workforce. This will help them meet employee expectations and significantly improve performance and motivation levels," Madhukar added.
Moreover, many employees feel there is still a significant salary disparity between the genders for the same profile.
Nearly 43% employees say there is a considerable difference in the salaries paid to male and female employees for the same role and level in their organisations, the survey said.
Nearly 25% respondents held that the level of salary disparity between male and female employees ranges between 10 and 20%. And 21% employees feel there is 20-30% disparity between male and female employees, it added.
Another 7% employees say the disparity is higher than 30% in their own companies.