Everyday Money

The gender pay gap persists almost everywhere
On average women earn 18% less than men, according to analysis by Korn Ferry Hay Group, a consulting firm which looked at more than 8m employees in 33 countries.

In Britain, more than four decades after the equal pay act was introduced, the headline difference between men and women’s pay is still high.

Women only make up around a third of senior management roles there. Workers at the same level but in different companies still face an average pay gap of over 9%.The United Arab Emirates, on the other hand, has a reverse pay gap. Women at the same level, company and function actually earn 2% more than their male counterparts. This is partly because fewer women participate in the labour force, and those that do tend to have higher levels of education.

Source: The Economist