Gender Pay Equality
Gender pay equality is a legislatively backed movement geared at closing the gap between what men and women in similar positions are paid. According to recent data, women make roughly .80 cents to the dollar of their male counterparts, across multiple different industries. Additionally, women-focused occupations, such as nursing, tend to pay significantly less than male-centric professions, such as programming.
The gender pay gap can be broken down into two categories - adjusted pay gap and unadjusted pay gap. The adjusted pay gap takes into consideration a number of factors that can lead to lower salaries for female workers. Factors may include the number of hours worked, the amount of time spent out of the workforce, and the occupation of choosing. Even with adjustments, many studies have found that women make between 4.8% and 7.1% less than their male cohorts, according to a study by the CONSAD Research Group. Unadjusted data shows a gap that can range from 15% to 25% depending on the industry.
Outside of adjustments for women’s choices, including taking a break from the workforce to raise families or care for others, experts believe that the lack of gender pay equality across the board comes down to discrimination. Discrimination may include lack of programs that enable women to break into male-dominated fields, the discrimination that occurs within those fields because of the culture, or companies that simply offer women lower salaries when they are hired. Sociological experts suggest that lack of gender pay equality is directly linked to the fact that women are less likely to ask for higher salaries, and are less likely to negotiate their salaries than their male counterparts
Regardless of the reasons for a gender pay gap, women now make up half of the workforce and laws require pay equity, it is time to consider gender pay equality as an essential part of the conversation in every workplace.
Claims of pay inequality based on gender, or any other protected class, must be "promptly" investigated and proactive employers should train all hiring managers regarding the risk of disparate payments.
Cite this article: Lynch, N. (2017). Gender Pay Equality. Available: https://lynchsc.com/insights_1/gender-pay-equality/