Staggering Wage Disparities between Men and Women across U.S. and Europe
Monster in conjunction with the WageIndicator Foundation, has released data regarding wage disparities among men and women in the United States and Europe. This is the first in a series of releases examining wages across global and U.S. regions, industry sectors and other comparative factors. While many in the United States and Europe believe that the gender gap in the workplace is closing, the Wage Index data shows a very different reality. Women continue to be better represented in the workforce, particularly in supervisory positions, yet those women are not receiving the same wages as their male colleagues. The data collected determined that on average, men’s wages are 22-29% higher than women’s. In taking a closer look, the data also shows that U.S. men in supervisory positions make up to 42% higher wages, on average, than their women counterparts.
“The survey indicates that females in the workplace are not being compensated in the same way as their male counterparts,” said Martin Kahanec, PhD., Scientific Director of CELSI, currently Visiting Research Fellow at Harvard University’s Labor and Worklife Program. “While we have seen an increase in the number of women in supervisory positions, this often does not reflect the wages that those women are receiving. It is important that employers ensure that all employees are being justly compensated for equal work. Equal opportunities to both genders can work only if employers enable men and women to reconcile their careers with family lives equitably. In doing so, companies will see happier employees and an increased retention of top talent.”
Country-specific findings include:
Respondents to the survey were from different age groups, varied industries, and various hierarchical positions in their respective occupations. The data allowed analysts to determine the greatest gender gaps by industry. The highest gaps appeared in the Healthcare, Finance and Insurance, Legal, and Education and Research fields. These fields show women earning between 35% and 43% less than men, respectively.
Examining feedback from the US, UK, Spain and Germany, on average:
“While there may not be an immediate solution to diminishing the gender gap, there are some ways women can approach this topic with their employers,” said Joanie Courtney, Senior Vice President, Market Development at Monster. “Women should keep track of their successes on the job and be prepared to make a case for higher wages when appropriate. Developing ways to demonstrate your value in the workplace is key when negotiating pay, and this holds true for men as well.”
Full press release on www.about-monster.com
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