With Gender Pay Gap Reporting just around the corner, many spectators have been reviewing the amount of time when male and female earnings will equalise.
It’s a fact, through various forms of analysis that the pay gap remains at an unacceptably high level of 13.9% with a comparative “equal pay day” being precited differently by different groups.
A key resource is “The Fawcett Society” and their view is at the current rate of progress and the current steady state in place it could be a further 60 years at least before true equalization occurs, but other predicts, given the core changes in how we work and report believe the gap will close by 2045. The reasoning for this is down to the following:
Data digitisation
In the current age of data digitisation, companies are compelled to be transparent, and it's therefore far easier to compare pay over time and across industries due to the ease in accessing and reviewing information.
New legislation
New Pay Gap Reporting legislation means that by 2018 all companies with more than 250 employees must publish their gender pay gap data. This transparency should encourage the gender pay gap to close sooner than previous predictions again through visibility and the need to show companies need for openness.
So how many years will equal pay require to genuinely really level out?
