The World Economic Forum’s Global Gender Gap Report 2019 found that women are still paid less than men in the majority of countries.
The World Economic Forum’s Global Gender Gap Report 2019 has found that women are still paid less than men in the majority of countries. The report, which measures how equitably nations divide their resources and opportunities between women and men, has also found that the gap is widest in health and survival. In this article, we’ll look at some of the reasons why the gender pay gap exists and why it is widening.
Why do women earn less than men?
The first reason for a gender pay gap is that women are more likely to work part-time or be self-employed. This means they’re not working as many hours as their male counterparts and don’t have as much experience or time to gain promotions. They’re also more likely to take time out of work for child care or maternity leave, which can affect their earning potential later on.
Research by the Chartered Management Institute (CMI) shows that female managers are promoted at half the rate of male colleagues – with just one in eight senior management roles held by women.
“Women make up only 4% of FTSE 100 chief executives and just 12% of FTSE 100 board members.”
