“Studies have again and again shown that an organisation’s success and competitiveness depend on its ability to embrace diversity,” says Sabrina Bonnet, senior manager, management consulting, people & change at KPMG Luxembourg in a recent blog post. She continues saying, “Companies today spend a lot of money and time on workplace diversity and outreach programmes,” and, according to KPMG’s remuneration survey, 52% of financial institutions in Luxembourg have a diversity policy in place, as of 2017. Yet, Bonnet also remarks that, despite this, the gender gap in Luxembourg still persists and, “…women still earn less than men, and are less likely to advance as far in their careers.” Although Luxembourg has made significant progress in terms of gender equality in education, health and female workforce participation, “…women working in information and communication technology, finance and personal … [Read more...] about Gender wage gap “alive and well”
Gender wage gap countries
There are around 4.76 million people in the Republic of Ireland. More of them are women than men. In fact, around 53,000 more. On average, it is true, women live longer and, when they enter the labour market, earn less. There is a gender pay gap. It is the difference between the gross hourly earnings of all working men and those of all working women. Across the EU and across all sectors, women earn on average 16 per cent less than men. Put another way: across the EU, women work around two months a year for free. The gap gets worse with age. It is pretty small when men and women are in their twenties, around 6 per cent. It widens to around 20 per cent as the two groups move into their thirties. The chart shows how Ireland compares to our European counterparts. It shows the difference between the average hourly earnings of male and female employees as a percentage of male earnings. This should be down at plus or minus 2 or 3 per cent. Instead, for some countries like Estonia, it is 27 … [Read more...] about Stephen Kinsella: What explains the gender pay gap?
From the Employment Equality Acts 1998 to more recent revelations about the gender pay gap in our national broadcaster RTÉ, the topic has rarely left our consciousness. In fact, over the next few weeks the Minister of State for Equality, Immigration and Integration, David Stanton is expected to bring the Gender Pay Gap Information Bill to Cabinet. Under this bill firms employing more than 250 workers could have to publish details of any gender pay gap by the end of this year or face sanctions if they fail to do so. It’s clear that the conversation has begun but we still have a long way to go. EU figures show that in Ireland, women currently earn around 13.9% less than men. Where does that leave us on a global scale? We decided to find out. UKCareers marketplace Jobbio has done extensive research into the gender pay gap in both the UK and the US through their #ShatterTheGlass initiative. They researched a number of different high-level roles including CFO, Marketing … [Read more...] about How the gender pay gap in Ireland rates globally
North East Lincolnshire Council is one of the fairest local authorities in the country for gender pay, as men and women get paid at almost the exact same rate. A recent report produced by the authority has shown that female staff get paid on average 0.1 per cent more than their male counterparts, the smallest pay gap in the entire country. The average hourly rate for a woman working at the council is £12.97, while a man's average hourly rate is £12.95. There is also a far larger number of woman employed by the council than men, as it has 1,259 female staff and just 463 males. The pay gap report has said that this is mainly due to the nature of the services the staff are required for, with a large number of female workers in children's services, where there are high staffing needs. The council is ahead of its two closest neighbours in Lincolnshire for wage equality, as North Lincolnshire Council pay their male staff 6.7 per cent more than women. This authority also has similar … [Read more...] about NELC reveals gender pay gap
News / UK and world by Press Association April 6, 2018, 5:03 pm FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter Women’s underwear store Boux Avenue has the worst gender pay gap in the UK – but that dubious honour has belonged to no fewer than four firms over the past week as companies scrambled to amend their figures. As the deadline for companies to publish their gender pay gaps came and went on Wednesday, the Press Association reported lists of the top 10 firms with the worst gender pay gaps. But during that time at least six companies who at some point had been in the list of worst offenders revised their figures. Why? Rainham Industrial Services Limited: 95.5% to 48.8% The industrial services company calculated their figures as a proportion of female pay rather than a proportion of male pay. So, they worked out that men earn almost double women on average (95.5%) rather than reporting that women earn almost half what men do … [Read more...] about Why have so many companies with the worst gender pay gaps changed their figures?