Monster India, one of the leading online career and recruitment solutions providers in the country, launched the ‘Monster Salary Index India IT Sector Report 2014’ at the NASSCOM HR Summit 2014 held in Chennai yesterday. 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. One of the most astounding findings of the report is that 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 ₹ 359.25 per hour while female receives ₹ 254.04 per hour. This disparity possibly emerges from the fact that men get promoted to supervisory position more often than women.

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