You need to enable JavaScript in order to use the AI chatbot tool powered by ChatBot

Pay gap decline 'caused by male wage stagnation'

Matthew Wilcox our consultant managing the role

Male pay has declined faster than that of women, a new study shows.

There has been abundant evidence that the pay gap between men and women has shrunk in recent years, with the occasional blip in the other direction. However, that has usually been due to female remuneration increasing.

While that may be good news for women working in the finance sector and elsewhere, a new study has suggested a major contributory factor in recent years has been that men have seen a greater stagnation in pay than women.

This conclusion was reached by the Institute for Fiscal Studies after studying data produced by the Office for National Statistics on pay rates in 2014, based on income tax returns.

It found that overall, median hourly pay rates have fallen 4.7 per cent since the recession began in 2008, once Retail Prices Index inflation is taken into account.

However, this has been divided unevenly on a gender basis, with women seeing pay decline 2.5 per cent in real terms, whereas men have endured a 7.3 per cent drop. One reason for this is that a larger proportion of women work in the public sector, where pay rates have held up better than the private sector.

Of course, this was not the only demographic variable. Those in the top ten per cent for income suffered nearly twice as large a fall in pay as the bottom ten per cent, while younger workers suffered far more than average, the 22-29 age range (the youngest eligible for the full national minimum wage) saw a nine per cent fall, while those over 60 have recovered the real terms level of pay they enjoyed in 2008.

For women seeking better-paid jobs, the pressure to push for higher salaries in their own work may therefore be less than it is for men. However, given the fact that the imbalance of public or private sector staff has skewed the gender pay differences, those in the finance sector may have similar levels of motivation to seek to improve their pay packets.

11/04/16
jobs

Related jobs

Financial Controller

Salary:

£65,000 - £70,000 per annum

Location:

Skelmersdale, Lancashire

Industry

Manufacturing

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Financial Controller for a fast-growing manufacturing business based just outside Skelmersdale on a hybrid basis between £65,000 and £70,000.

Reference

BBBH183716

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Fund Accountant

Salary:

£40,000 - £60,000 per annum

Location:

City of London, London

Industry

Private Equity

Qualification

Finalist / Newly qualified

Market

Financial Services

Salary

£60,000 - £70,000

Job Discipline

Newly Qualified Finance

Contract Type:

Permanent

Description

A great opportunity to join a European based Private Credit firm reporting into the Fund Director with a dotted line to COO.

Reference

BBBH183844

Expiry Date

01/01/01

Thomas  Steel

Author

Thomas Steel
Find out more
Interim Accounts Administrator

Salary:

Up to £26,000 per annum

Location:

Leeds, West Yorkshire

Industry

Manufacturing

Qualification

None specified

Market

Commerce & Industry

Salary

£25,000 - £30,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

Marks Sattin are currently are currently recruiting for an Accounts Administrator on a temporary basis for 3 months initially, to support a finance team based in Yeadon.

Reference

BBBH183761

Expiry Date

01/01/01

Yasmin Clough

Author

Yasmin Clough
Find out more
Corporate Tax Assistant Manager- Leeds

Salary:

Up to £45,000 per annum

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

Fully qualified

Market

Financial Services

Salary

£40,000 - £50,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH183721

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Systems Accountant

Salary:

£60,000 - £65,000 per annum

Location:

City of London, London

Industry

Media & Communications

Qualification

None specified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Systems Accountant - Permanent - Media - London

Reference

BBBH183852

Expiry Date

01/01/01

Denford Mukarati Find out more
Technical Accounting Manager

Salary:

Up to £70,000 per annum

Location:

Reading, Berkshire

Industry

Investment Management

Qualification

Fully qualified

Market

Financial Services

Salary

£70,000 - £80,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Technical Accounting Manager Reading - hybrid working Up to £70k Financial Services

Reference

BBBH183853

Expiry Date

01/01/01

Ollie  Pizzey

Author

Ollie Pizzey
Find out more
Payroll Manager

Salary:

£50,000 - £60,000 per annum

Location:

Reading, Berkshire

Industry

Investment Management

Qualification

Part qualified

Market

Financial Services

Salary

£60,000 - £70,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Payroll Manager We are supporting one of our fast growing Financial Services clients based in Reading with the important hire for a Payroll Manager. Reading - hybrid working £50k - £60k

Reference

BBBH183850

Expiry Date

01/01/01

Ollie  Pizzey

Author

Ollie Pizzey
Find out more
2nd Line Support Engineer

Salary:

£180 - £200 per day + Umbrella Company

Location:

Oxford, Oxfordshire

Industry

Education

Qualification

None specified

Market

Commerce & Industry

Salary

£150 - £250

Job Discipline

Cloud & Infrastructure

Contract Type:

Contract

Description

A 2nd Line Support Engineer contract role based in Oxford

Reference

BBBH183834

Expiry Date

01/01/01

Alex Dando

Author

Alex Dando
Alex Dando

Author

Alex Dando
Find out more
Finance Business Partner

Salary:

Negotiable

Location:

Ellesmere Port, Cheshire

Qualification

Finalist / Newly qualified

Market

Commerce & Industry

Salary

£50,000 - £60,000

Job Discipline

Newly Qualified Finance

Contract Type:

Permanent

Description

A fantastic opportunity to join a well established business.

Reference

BBBH183841

Expiry Date

01/01/01

Logan Holroyd

Author

Logan Holroyd
Find out more
Service Charge Accountant - London

Salary:

£45,000 - £55,000 per annum

Location:

City of London, London

Industry

Real Estate

Qualification

Part qualified

Market

Commerce & Industry

Salary

£50,000 - £60,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

Seeking a Service Charge Accountant for a 6-month contract within a Real Estate business based in Central London.

Reference

JSM2747474

Expiry Date

01/01/01

Jamie Smith

Author

Jamie Smith
Jamie Smith

Author

Jamie Smith
Find out more
View all jobs