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Women expect to be paid £6,562 less than men reveals new research

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Women expect to be paid £6,562 less than men reveals new research

21st November 2016Company News, Employment, Executive Search, Human Resources, Recruitment

A new study by totaljobs of more than 4,700 employees and 145 employers reveals that women are missing out on earning more and that men are nearly twice as likely as women to ask for a pay rise (41% vs 25%) highlighting the extent of the prevailing gender pay gap issue. Taking a UK average across all roles, levels, industries and regions, women typically expect to get paid a salary of £25,468, compared to £32,030 for men which is a difference of £6,562.

But it doesn’t stop there, the data also showed that 43% of men are likely to receive a bonus compared to only 38% of women and of those awarded a bonus in the last year, men received an average of £2,059 compared to £1,128 for women, a significant difference of £931.

The research has also revealed that female workers are generally less aware about financial rewards in the workplace and how to attain them, with nearly a third (31%) of women stating that that they are unaware of how their current company makes decisions around its salary and pay rises.

The research shows that nearly a quarter (23%) of women admit they believe their male counterparts are paid more for doing the same role. In contrast, 58% of men believe men and women receive equal pay, compared to just 44% of women, showing how the pay gap can also lead to tensions in the workplace.

John Salt, director, totaljobs said:

“It is disheartening that our research has revealed that despite efforts gender pay equality remains a prominent issue. The application and interview process is a fantastic opportunity for both men and women to negotiate a fair benefits package, including a salary that meets their expectations. I would urge all female candidates to aim high and feel confident in demanding the same figure as their male counterparts.”

While some efforts have been made by industry, only two thirds (68%) of employers have a clear gender pay equality policy, and only one third (34%) review salaries across gender to safeguard against gender discrimination. One in five employers are unsure or unconfident that salaries are equal across genders. Similarly, 24% of men and 29% of women do not believe their company actively promotes equality for all employees regardless of age, gender or other reasons.

John Salt continues:

“It’s not just the responsibility of employees – I would strongly encourage employers to actively monitor for salary differences between male and female employees to ensure gender equality across their organisation. By regularly reviewing salaries, bonuses and pay rises across genders they will safeguard against any unintentional discrimination.”

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