Ever wanted to find out how much your male counterparts are being paid? Now you can, thanks to a new online tool launched by Minister for Women and Equalities, Justine Greening.
The gender pay gap tool will publish details of how large employers have paid their male and female employees, as well as any bonuses they have received. Creating more transparency in the work place around equality will enable women to speak up if they feel mistreated or undervalued - one of the main goals of the new tool.
'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,' said Justine Greening.
'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. This tool will empower both men and women to challenge this issue in their profession and help people to make more informed decisions about their career.
'Employers must play their part in this too and take action to tackle the gender pay gap in their organisation. That’s why we are requiring large employers to publish their gender pay and gender bonus pay gaps for the first time ever and our regulations mean they can start getting ready to report from April next year.'
The biggest discrepencies in salaries are for construction and building supervisors and financial managers and directors, while nurses, waiters and bar staff have the most equality. The reasons for this are complex, with everything from part-time working to stereotypes about gender roles coming in to play.
The benefits of ending the gender pay gap - which currently stands at 18.1% - are thought to be huge for the economy. If all women and men were paid the same, the annual GDP in 2025 would rise by £150 billion - so it's actually in all of our best interests...
Find out where you stand using the gender pay gap tool now.
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