With recent data from Office of National Statistics (ONS) revealing that 80 per cent of UK industries are guilty of presenting a pay gap, Savoystewart.co.uk has explored this further.
ONS has found that the wage gap is at its lowest since records began at 18.1 per cent. Research has highlighted that despite 80 per cent of UK industries guilty of a gender pay gap, beneath the scrutiny there are industries that actually represent a narrower pay gap, with some of the highest paid jobs in the UK, possessing a less than 10 per cent pay gap difference.
Interestingly, 40 per cent of these industries, (IT and telecommunication directors, electronical engineers, purchasing managers and directors and taxation experts) require an educational background that involved a STEM subject.
Justine Greening, the Minister for Women and Equalities said in a statement, “Britain has the lowest gender pay gap on record, there are more women in work than ever before, more women-led businesses than ever before and there are now women on every board in the FTSE 100. But if we are to help women to reach their potential and eliminate the gender pay gap, we need to shine a light on our workplaces to see where there is more to do to.”
Analysis from the top 10 highest paid jobs for women, with less than a 10 per cent wage gap has revealed that jobs in the IT sector, are the best paid jobs for women, with a yearly salary of £67,767. However, female employment is less than 25 per cent. What’s more, despite such little representation, the wage gap is 6.7 per cent less than men. Moreover, just 27 per cent of those employed in Britain’s digital industries are women, and the UK Commission for Employment and Skills has predicted that by 2022, the figure will have only risen to 30 per cent, signifying a less than typical gender pay gap.
Despite women in digital professions still at a low level, the industry has grown 2.8 times faster than overall employment in the UK throughout the past decade. Cindy Rose, the UK CEO of Microsoft, reiterates that keeping girls engaged in these roles, is key for a boost in the UK economy; it is important for these industries to narrow the gender gap.
Interestingly, legal professionals have a wage gap of 10.3 per cent in favour of men, yet 53 per cent of women hold roles in these key professions; once again shutting down a justification for a gender pay gap, when in reality more women take ownership of the industry.