The gender pay gap has received a lot of attention over the past few years, most notably in Iceland last year. Paid 14% less than their male counterparts, Icelandic women left work en-masse one day with 14% of the working day left as protest.
But there are positive signs – the gap in a number of professions is closing, and those most likely to benefit are millennials, gen-z and future generations. Data gathered from the last 10 years shows the pay-gap has been the least prevalent among the younger generation.
Interestingly the 30-39 age group have seen the biggest drop in the paygap – from 19.2 in 2006 to 11.19 in 2016.
Although the figures seem promising, it is mostly the younger generations benefitting. Over the 10 year period, those aged 50 and over have seen little change as they progress through the latter stages of their employment.
With International Women’s Day raising awareness of gender inequality at work, and more companies trialling transparency in pay-grades and wages – the gap should continue to disappear.
|Employees on adult rates whose pay for the survey period was unaffected by absence.|
|Gender pay gap defined as the difference between men’s and women’s average hourly earnings as a percentage of men’s average hourly earnings. Data from the 16 – 17 age group is volatile and cannot be confirmed as accurate.|