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Women in their 40s will not see gender pay equity in their working lifetime, says report

Summary

This report by the Fawcett Society released to mark Equal Pay Day found that, on average, women take home £574 a month less than men, equivalent to £6,888 a year. This is a decrease from the gender pay gap of 10.9% last year to 10.7%, but it is not expected to close until 2051. The report also found that women are obliged to accept less fair and equal working arrangements in exchange for the flexibility they need to combine caring obligations. It found that women were significantly more likely to report working part-time and that 77% of women agreed they would be more likely to apply for a job that advertised flexible working options. Real change will not come about until men and women have the same route to the boardroom, and it is essential that workplaces shift from valuing individuals and their experiences to the role itself, no matter who is filling it. Companies should prioritize equal pay initiatives and accelerate their efforts in order to address the persistent gender pay gap.

Q&As

How much less do working women take home than men on average?
Working women take home £574 a month less than men on average.

When is the gender wage gap expected to close?
The gender wage gap is expected to close in 2051.

What measures can employers take to narrow the gender pay gap?
Employers can take measures such as conducting regular wage audits, having transparent pay structures, providing unconscious bias training, offering flexible options to support parents, and actively promoting women into leadership positions.

What action is needed to ensure women can progress with flexible working arrangements?
Women must be allowed to progress with the flexible working arrangements they require and men must step up and take on their fair share of caring responsibilities.

How can HR help women who are negatively impacted by their period at work?
HR can help by providing support and resources such as flexible working options, access to period products, and education on the issue.

AI Comments

👍 This report is an important reminder of the persistent gender pay gap and how it affects women across generations. The findings also emphasize the need for transparent pay structures and flexible working arrangements to help promote equality and career advancement.

👎 Despite awareness of gender pay inequality, progress towards closing the wage gap has been incredibly slow and is not expected to be resolved for nearly three decades. This is an unacceptable situation that must be addressed immediately.

AI Discussion

Me: It's about a report from the Fawcett Society that says women aged 40 and over will not see gender pay equity in their working lifetime or before reaching state pension age, which is expected to happen in 2051. It also noted that progress towards closing the gender wage gap was “glacial”.

Friend: Wow, that's really disheartening. It's so disheartening to think that gender pay equity won't be achieved in our lifetime.

Me: Yeah, it's really discouraging. The article also highlighted that women are obligated to accept less fair and equal working arrangements in exchange for the flexibility needed to combine caring obligations. Women are also more likely to work part time and less likely to be promoted into leadership positions than men.

Friend: That's really unfair. It's obvious that something needs to change in order to close the gender wage gap. It's not just about equal pay, but about creating a workplace culture that values diversity and encourages the advancement of women into leadership positions. Companies need to prioritize initiatives for equal pay and provide unconscious bias training to employees to help tackle this issue.

Action items

Technical terms

Gender Pay Equity
The equal pay for equal work between men and women.
Gender Wage Gap
The difference in wages between men and women.
Flexible Working
A type of working arrangement that allows employees to vary their working hours and/or location.
Unconscious Bias Training
Training designed to help people recognize and reduce their unconscious biases.
Transparency
The quality of being open and honest in communication.

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