The gender pay gap has been a hot topic in the news for several years now, and it’s clear that this ongoing issue needs to be addressed. But what exactly is causing this disparity between men and women’s wages?
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Gender pay gap (GPG) definition
The GPG compares the hourly wage of men and women in an organisation at a single point in time. Factors such as the number of women at each grade and their relative position on the pay scale can affect the GPG. If the GPG is particularly high, further analysis must be conducted to determine the cause of this in different organisations.
Equal pay deals with the disparity in payments between men and women who are performing the same job, similar jobs, or work of equal value. It is illegal to pay people different amounts based on their gender. This differs from the GPG.
The gender pay gap
2022 mean GPG is 5.45%, and the median is 9.71%, with a mean hourly difference in ordinary pay of £1.44 compared to £1.48 in 2021 and a median hourly difference of £2.41 compared to £2.68 in 2021.
The mean and median pay of each gender is shown in Figure 1.
What are the mean and median GPG and reportable GPG population in March of 2019, 2020, 2021, and 2022?
|Year||Mean||Median||Reportable GPG employee population|
What is the main cause of the gender pay gap?
How Discrimination Contributes to Gender Pay Disparity
Which country has the biggest gender pay gap?
The gender pay gap is a stark reality for women around the world. Despite the fact that women make up more than half of the world’s workforce, they continue to earn significantly less than their male counterparts. In fact, according to the World Economic Forum’s Global Gender Gap Report 2020, women earn on average 63 percent of what men earn in the same occupation, a figure that has remained largely unchanged over the past decade.
So which countries have the biggest gender pay gap? According to the World Economic Forum, the worst offenders are the United Arab Emirates (UAE) and South Korea. In the UAE, women earn only 29 percent of what men earn in the same occupation, while in South Korea, women earn only 34 percent.
The gender pay gap is also particularly pronounced in some of the world’s most advanced economies. In the United States, for example, women earn just 81 percent of what men earn in the same occupation. This figure is slightly better than the global average, but still far from parity.
The gender pay gap is a global problem, and one that requires concerted efforts from governments, businesses, and individuals to close. This means taking steps to ensure equal pay for equal work, and implementing policies
The gender pay gap is an ongoing issue with far–reaching consequences. Women continue to be underpaid and undervalued in the workplace despite advancements in gender equality and the implementation of policies to try to mitigate it. This is due to a number of factors such as discrimination, gender stereotypes, and a lack of access to higher–paying roles. The gender pay gap is an issue that needs to be addressed on multiple levels in order to create a more equitable and inclusive workplace. We need to continue to advocate for better legislation and policies to ensure that women can receive the same pay for the same work, and also work to break down the cultural and systematic barriers that contribute to the gender pay gap.