Following the requirement for all companies with over 250 employees in GB to report their gender pay gap interesting statistics reveal the number of days that women work for free. See this explained in the video clip below:
The gender pay gap is not the same as paying men and women different amounts for doing the same job – which has been illegal since the 1970 Equal Pay Act but what figures do show so far is that on average women do earn less than men and far fewer women reach the most senior roles in their firms.
Over 10,000 companies reported by the 4th of April deadline in 2017 and for many of them it was the first time the figure has been exposed. With huge interest to their workforce companies have had to turn their attention to identify strategies to address the gap.
The Equal Pay Day originated by the National Committee on Pay Equity (NCPE) in 1996 as a public awareness event to illustrate the gap between men’s and women’s wages. It is effectively the day on which women in effect begin to work for free due to the pay gap. In 2017 this fell on the 10th November – the same day as 2016.
Red is worn on this day as a symbol of how far women and minorities are “in the red” with their pay.
According to the Fawcett Society, the gender pay gap has not only stalled – with equal pay not budging for three years – but is now widening for some women.
The society says the pay of younger women, in particular, is falling behind that of men, claiming the drive to equalise pay is going backwards and will now take 100 years to close.
So when do you start working for free?
The Guardian article ‘Gender pay gap: when does you company stop paying women in 2018?’ provides a calendar where you can instantly find the point in the year when women in your company effectively start working for free. The Guardian’s article and use the data to see your company and your competitors pay gap outcome. (Data as of 11am on the 6th April 2018).
The report highlights some interesting findings:
Credit: The Guardian – Gender pay gap: When does your company stop paying women in 2018?
The gender pay gap moving forward 2018
So what are the main issues moving forward? Watch the video below outlining:
The WLA is available to support companies in developing strategies to reduce the gender pay gap. Our programmes have been designed to challenge, inspire and develop potential of potential leaders. We provide a supportive community, inspiring events, online education all with the intention of inspiring more women to step forward. We want the women to have the courage, the confidence and the strategies to become great role models in their business. To be given the short cuts and ‘how to’ guides for maximising impact.
We support businesses strategically to identify the key actions to address the gender pay gap. We can offer a variety of membership programmes offering flexibility in meeting the needs of organisations. Our corporate membership is open to any organisation wishing to enhance their female pipeline and offer outstanding development for high potential individuals.