An analysis of the average salary packages of IT company CEOs and freshers, sourced from earnings report data and publicly available information, shows that freshers' salaries have gone up only 46.94 per cent in the past 10 years while the salary of CEOs has shot up a whopping 1,492.27 per cent.
Software majors like Tata Consultancy Services (TCS) and Wipro also recently announced that they have deferred, postponed, or reduced the variable payout to employees for the first quarter of the financial year 2023.
The report by payroll management app Salarybox stated that females in the workplace made Rs 12,398 on average, which was 19 per cent less than their male colleagues, which brings forth the country s wide gender pay disparity.