Search Results for: gender pay

Prime Minister vows to force employers to reveal gender pay gap

Prime Minister vows to force employers to reveal gender pay gap

by • Legal news, News, Workplace

Measuring the gender pay gapA consultation begins today on plans by the government to force larger companies with more than 250 employees to reveal the difference between the average pay of their male and female employees. Writing in today’s Times Prime Minister David Cameron says he is making a personal commitment to ensure that when his daughters aged four and eleven start work they will experience complete gender equality. Although the gender pay gap has narrowed to almost zero amongst the under 40s, ONS figures show that by the age of 40, men out-earn women by an average of £1.64 per hour, while according to the recent PwC annual Women in Work Index, the UK still lags well behind many other countries in overall female economic empowerment. The new consultation will be wide ranging and will look at who will be required to report, as well as the content, frequency and manner of reporting.

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Gender pay gap now in favour of UK women…but only until they’re thirty-five

by • Flexible working, News, Workplace

Gender pay gapThe complexities of the gender pay gap are uncovered in the Office for National Statistics’ most recent report into the UK Labour market. For the first time, the study breaks down pay differentials by both age and sex and shows that women now earn more than their male contemporaries until they are in their thirties when gender pay differentials suddenly, rapidly and permanently go into reverse. Women in full time employment now earn an average 81p more per hour at the age of 30, 58p more at age 34 but then 9p less at age 35. The perhaps inescapable conclusion is that the decision to have children is the key determining factor in deciding pay levels for women in full time work. Crucially, the pay gap remains and even widens throughout the remainders of women’s careers. By the age of 40, men outearn women by an average of  £1.64 per hour.

Gender pay gap at lowest point in history, reports ONS

by • Flexible working, News, Workplace

800px-Mind_the_gap_2 (1)The gender pay gap is now at its lowest point in history, with more women in work than ever before. According to new statistics by the Office for National Statistics (ONS) the pay gap has reduced by 0.7 percentage points over the past year to 19.1 per cent, and for those in full-time work the gender pay gap has reduced to almost zero for those under 40. Action is being taken to tackle one of the reasons for the pay gap – career breaks, often to raise a family by extending flexible working to all employees, and from next year, tax-free childcare and shared parental leave will come into effect. However, one of the main causes of the gender pay gap is that men tend to work in better paid sectors to women so a range of measures are being introduced to help women move from low-paid, low-skilled work into higher paid, higher skilled work. This includes a new £2 million training and mentoring programme of events for women, including those working part-time and older workers, to be carried out by the UK Commission for Employment and Skills. This will target women working in the science, technology, engineering and maths (STEM), retail and hospitality management and agricultural sectors.

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Young men and boys lagging behind female contemporaries in pay and other ways

Young men and boys lagging behind female contemporaries in pay and other ways

by • News, Wellbeing, Workplace

Young women are now consistently out-earning their male counterparts for the first time, according to a new report that warns of a growing crisis among young menYoung women are now consistently out-earning their male counterparts for the first time, according to a new report that warns of a growing crisis among young men. The Centre for Social Justice (CSJ) think tank has published findings showing that women aged 16 to 24 in both white-collar and blue-collar jobs are earning nearly 10 percent more than men of the same age. The report, titled Lost Boys, highlights how young men are falling behind in education and employment, with growing feelings of isolation and lack of purpose. (more…)

People who work from home are less likely to get pay rises and promotions

People who work from home are less likely to get pay rises and promotions

by • Flexible working, News, Workplace

People who work from home all or part of the time are less likely to get pay rises and promotions, a new study of outcomes from hybrid working suggestsPeople who work from home all or part of the time are less likely to get pay rises and promotions, a new study of outcomes from hybrid working suggests. The survey of 937 UK managers found that they were 11 percent less likely to give a promotion to staff who worked entirely from home than to those who were completely office-based. Hybrid workers – those working partly in the office and partly at home – were on average 7 percent less likely to be promoted. (more…)

Two thirds would take a pay cut in exchange for a four day week

Two thirds would take a pay cut in exchange for a four day week

by • Flexible working, News, Workplace

four day weekA poll of 2,000 people published in the new edition of the State of Hybrid Work study from Owl Labs claims that flexibility is now key to retaining top talent in 2022 and beyond. 65 percent of British employees would rather be paid less in exchange for a four day week and over a third (37 percent) would choose to decline a job if flexible hours are not offered. The report claims that offering greater flexibility will prove key to preventing employees from driving the ‘Great Resignation’ – with nearly one in three (31 percent) employees changing jobs in the past two years and a quarter (25 percent) of employees actively seeking a new opportunity in 2022. (more…)

UK tech workers prefer better work-life balance to a pay rise

UK tech workers prefer better work-life balance to a pay rise

by • News, Wellbeing, Working culture

work-life balanceWhen it comes to job satisfaction, Denmark tops the list of the best places to work in digital in Europe – beating the UK, Germany and France – according to the 2020 Digital Talent Global Work Happiness Index. The Nordic country scored highly for work-life balance, family-friendly working models, purpose, personal safety and personal impact, which describes how much impact an individual feels they are making to their business.  (more…)

Equal pay: women too polite to ask for more money

Equal pay: women too polite to ask for more money

by • News, Workplace

equal payMillions of women could be missing out on higher salaries as 82 percent never negotiate their pay when applying for jobs, new research has claimed. The fear of being “rude” or “ungrateful”, compounded by concerns from 21 percent that asking for equal pay could jeopardise benefits such as maternity leave or flexible working, is silencing women when it comes to money, the survey of 1,000 working women suggests. (more…)

Majority of organisations remain unprepared for executive pay gap reporting

Majority of organisations remain unprepared for executive pay gap reporting

by • News, Workplace

Three-fifths of UK organisations are still not ready to report their executive pay gap almost twelve months after the legislation came into force, claims a new poll by HR services provider MHR. This year UK listed companies with more than 250 employees are, for the first time, obliged to publish the pay ratio between their CEO and “average” employees in early 2020 and explain the reason for their executive pay ratios. (more…)

More than half of female professionals have never negotiated a pay rise

More than half of female professionals have never negotiated a pay rise

by • News

More than half of all female professionals – 57 percent – have never attempted to negotiate a pay rise, according to a new report from professional recruitment firm Robert Walters. Its findings suggest that men are 23 percent more likely to negotiate a pay rise across all stages of their career, even though the amount that negotiators pitch for is not far removed from their female counterparts. (more…)

Performance-based pay linked to employee mental-health problems, study suggests

Performance-based pay linked to employee mental-health problems, study suggests

by • News, Wellbeing

In what its authors claim is the first big-data study combining objective medical and compensation records with demographics, researchers at Washington University in St. Louis and Aarhus University in Denmark discovered once a company switches to a pay-for-performance process, the number of employees using anxiety and depression medication increased by 5.7 percent over an existing base rate of 5.2 percent. (more…)

Businesses pledge to work towards mandatory ethnicity pay gap reporting

Businesses pledge to work towards mandatory ethnicity pay gap reporting

by • Legal news, News, Workplace

Businesses pledge to work towards mandatory ethnicity pay gap reportingThe government is being encouraged to implement mandatory ethnicity pay gap reporting when it announces the outcome of its ‘Ethnicity pay reporting’ consultation, which closed in January. Pre-empting that, fifteen companies have signed a commitment today to work towards mandatory ethnicity pay gap reporting. Signatories include the Bank of England, Deloitte, KPMG, WPP, Santander and EY. The commitment, driven by membership organisation INvolve, aims to get more businesses voluntarily reporting on their ethnicity pay gap. In 2018 The Resolution Foundation estimated the ethnicity pay gap at £3.2bn. A report from INvolve also showed that white people earn on average between £67 and £209 more per week compared to similarly qualified individuals of a different ethnic background, and that the most ethnically diverse workplaces are 35 percentage points more likely to financially outperform industry averages. 

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