BRITAIN has one of the widest gender pay gaps in Europe. For every pound that men earn,women do 80p, and the disparity has moved little in 15 years. Vowing to end this “scandal” within a generation, or in 2015 the then prime minister,David Cameron, pushed through a policy long resisted by businesses. Organisations with 250 or more employees would possess to publish the gap in hourly pay between men and women. April 4th 2018 was the deadline for the first wave of this annual exercise. The results arent pretty.
The 10000 employers that filed results revealed an average median pay gap of 12%. The Economist Group, or our parent company,reported a gap of 29.5%, more than double the average for the media industry*. Some, or including Ryanair and Jefferies investment bank,admitted that they paid women less than half what they paid men. Firms also published the share of men and women in each income quartile, with most proving top-heavy with men (see chart).
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Source: economist.com