08 Mar 2018
Gender Pay looms largely over this year’s International Women’s Day, with a survey revealing that female employees effectively work for free 67 days a year.
The current gender pay gap for full-time and part-time employees stands at 18.4%. The analysis published by the TUC union also reported that the day that the average woman starts getting paid, compared to the average man, is March 8. In some industries where the gender pay gap is even bigger the TUC’s analysis found that female employees had to wait until April or May for their Women’s Pay Day. In a number of key industries – even in those dominated by female workers – gender pay gaps are even bigger, which means Women’s Pay Day is even later in the year:
- In education the gender pay gap is currently 26.5%, so the average woman effectively works for free for more than a quarter of the year (97 days) and has to wait until the 7 April before she starts earning the same as the average man.
- In health and social work, the average woman waits 69 days for her Women’s Pay Day on 10 March.
- The longest wait for Women’s Pay Day comes in finance and insurance. There the gender pay gap is the equivalent of 130 days – more than a third of the year – before Women’s Pay Day finally kicks in on 10 May.
Speaking about the findings the TUC said nearly 50 years since the Ford machinists went on strike at Dagenham, the UK still has one of the worst gender pay gaps in Europe and women effectively work for free for two months a year. They conclude that companies publishing information on their gender pay gaps is a small step in the right direction but it’s nowhere near enough, as women in the UK will only start to get paid properly when there are better-paid part-time and flexible jobs. And higher wages in key sectors like social care.
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For more information regarding gender pay reporting download our FREE White Paper, click here. If you require expert support please contact Croner Reward. After you send us your pay data, we will analyse and provide a statistical outcome – determining if you have a gender pay gap or not. We can then advise on how to close the gap, or advise on ways to keep it closed if there isn’t one. Call 0808 145 3384 to speak with one of our pay & benefits experts.
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