Don’t you think that companies are often biased when it comes to payment? Don’t you think that even if the skills are equal, men usually get paid more than women? Have you heard about the term ‘gender pay gap’ before? What does it mean? Let’s dig deep into it together.
What is Gender Pay Gap?
When there’s a distinction in how much men and women get paid, it’s called Gender pay gap. Yes, gender biases still exist in workplaces all over the world.
A recent study shows that industries with a huge gender pay gap are construction, education, and finance. These sectors have pay gap rates of a whopping 25%, 20%, and 22% respectively.
Meanwhile, food and accommodation services have the lowest pay gap rate at just 1%. Is there a working sector where women are paid better than men?
Yes, female human resource professionals, models, musicians, chemical engineers, social workers, retail and wholesale buyers, media producers and directors are generally paid higher than their male counterparts. However, these industries are exceptions rather than norms.
Why is Gender Pay Gap a thing?
So, what is the big reason for women being paid lesser than men? Could it be that women are not given opportunities to earn more? Or, do companies believe that women deserve to be paid less?
Well, the pay gap roots can be traced way back in history, when women didn’t believe in themselves they could work better than men.
Besides that, the pay gap also exists because employers don’t like the women “cluster.” This situation can be witnessed primarily in sectors such as education and nursing.
Additional causes of pay gaps are racial bias, working mothers bias, and age bias. Women experience pay gaps in various ways.
However, studies show that workplaces, where women are in higher positions, have less pay gaps. Even the work atmosphere becomes positive when women and men work together.
- The gender pay gap is when there’s a difference in how much men and women get paid.
- A recent study shows that industries with a huge gender pay gap are construction, education, and finance. These sectors have pay gap rates of a whopping 25%, 20%, and 22% respectively.
- Food and accommodation services have the lowest pay rates at just 1%.
- In the old days, women believed they didn’t work better than men.
- Women experience pay gaps in various ways.
- Studies show that workplaces, where women are in higher positions, have less pay deficiencies.