The Gender Pay Gap

For the first time, the extent of the pay differences between men and women in the UK has been exposed.

More than 10,000 large firms, those employing more than 250 staff, have provided details of their gender pay gap, with three-quarters of them paying men more than women.

But apart from that headline fact, the statistics contain a wealth of other information such as just 14% of the firms that reported had a pay gap in favour of women. On the other hand nearly eight in 10 firms, 78%, have a pay gap in favour of men, while 8% of companies reported no pay gap at all.

This is based on the median pay gap.

If you line up all the men and women working at a company in two separate lines in order of salary, the median pay gap will be the difference in salary between the woman in the middle of her line and the man in the middle of his.

All sectors have a pay gap that favours men and we have listed here just 20 firms in the IT sector to see how we are performing.

 

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David Dungay

Editor - Comms Business Magazine