The definition of the gender pay gap statistic is the percentage by which the average hourly pay for women in full time employment is lower than the average hourly rate of pay for men in full time employment and for Europe generally that figure is 17%. UK statistics show a lower figure 14.9% - those are across the board.
However term average means that about half the population are doing better than that and half are worse. Once we start to unravel the4 statistics we find a number of very disturbing facts. Some employment sectors like health and financial services are a lot worse. In Financial services the gender pay gap is a staggering 55% - but even that figure has been massaged to make the problem seem better than it really is.
This statistic tells us that on average women working full time earn £450 for every £1000 earned by a man. So in order to equalise pay we need to increase women's pay. If we increased average pay for women by 100% ie another £450 in my example that would be £900 - still not equal to men.
In fact the hidden statistic is that in the financial services industry men in full time employment earn on average 122% more than women in full time employment. And this all gets a lot worse when you look at part time earnings where the gender pay gap is higher and is made worse by the fact that 78% of part time workers are woman.
So why after more than 40 years do we still have such an insurmountable problem with gender equality. I came across a very male oriented site today that might give a clue - unfortunately I have seen many of the same views expressed.
the 22-cent “pay gap” is neither a result of gender bias nor workplace discrimination. It can be explained entirely by the fact that women as a group tend to make certain very logical and legitimateemployment-related choices which, while affording them a number of benefits that they value highly, tend to suppress incomes Male Matters USA