Women earn £300,000 less than men over their careers

pile of pound coins, money, earn featuredWomen are likely to earn £300,000 less than their male counterparts during their lifetime of work, according to new research out today.

Analysis by specialist recruitment firm Robert Half suggested that on average men are paid 24% more than women each year, translating into £5,732. This means over an average working career of 52 years, men will earn £1,556,568 while women will receive £1,258,504.

The report also suggests that the gender pay gap is getting worse, with female salaries growing more slowly than male salaries between 2014 and 2015. While the World Economic Forum suggests that full gender parity could happen by 2133, the company have warned that it may be even longer than this.

The news comes ahead of International Women’s Day tomorrow, in which it calls for people to #PledgeForParity.

Speaking of the latest research, Katy Tanner, a director at Robert Half UK said, “Creating a diverse talent pool is becoming more of a priority as the skills shortage heats up and business leaders focus on attracting and retaining talent. As in-demand candidates continue to be in the driver’s seat, employers are needing to offer competitive remuneration and benefits packages above industry averages.”

“International Women’s Day provides a platform to highlight the importance for rewarding all employees fairly on the basis of their contribution to the organisation, rather than their gender or indeed any other point of difference.”

About the author

Alison is the Digital Content Editor for WeAreTheCity. She has a BA Honours degree in Journalism and History from the University of Portsmouth. She has previously worked in the marketing sector and in a copywriting role. Alison’s other passions and hobbies include writing, blogging and travelling.

Upcoming Events

Job Board Banner

Related Posts