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

SAS Engineer

Salary:

£340 - £440 per day

Location:

City of London, London

Industry

Technology

Qualification

None specified

Market

Commerce & Industry

Salary

£350 - £450

Job Discipline

Data Protection & Privacy

Contract Type:

Contract

Description

SAS Engineer

Reference

BBBH183803

Expiry Date

01/01/01

Ghazal Mayahi

Author

Ghazal Mayahi
Find out more
Legal Biller - London

Salary:

£45,000 - £55,000 per annum

Location:

City of London, London

Industry

Professional Services

Qualification

Part qualified

Market

Professional Services

Salary

£50,000 - £60,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

Seeking a Legal Biller/Revenue Controller for a 6-month fixed term contract within a law firm based in Central London.

Reference

BBBH183824

Expiry Date

01/01/01

Jamie Smith

Author

Jamie Smith
Jamie Smith

Author

Jamie Smith
Find out more
Corporate Tax Manager

Salary:

£55,000 - £69,000 per annum

Location:

Manchester, Greater Manchester

Industry

Business Services

Qualification

None specified

Market

Financial Services

Salary

£60,000 - £70,000

Job Discipline

Tax

Contract Type:

Permanent

Description

.

Reference

BBBH182563

Expiry Date

01/01/01

Aleksandra  Taranovskaja Find out more
Legal Biller - London

Salary:

£45,000 - £55,000 per annum

Location:

London

Industry

Professional Services

Qualification

Part qualified

Market

Commerce & Industry

Salary

£50,000 - £60,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

Seeking a Legal Biller for a fixed term contract within a law firm based in Central London.

Reference

JSM17475

Expiry Date

01/01/01

Jamie Smith

Author

Jamie Smith
Jamie Smith

Author

Jamie Smith
Find out more
Management Accountant

Salary:

£37,000 - £45,000 per annum

Location:

City of London, London

Industry

Transport & Logistics

Qualification

Part qualified

Market

Commerce & Industry

Salary

£40,000 - £50,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

A part-qualified Management Accountant is needed on a temp to perm basis in Central London

Reference

BBBH183816

Expiry Date

01/01/01

Chelsea  Mills

Author

Chelsea Mills
Find out more
Finance Analyst

Salary:

Negotiable

Location:

Chester, Cheshire

Industry

Healthcare

Qualification

Part qualified

Market

Commerce & Industry

Salary

£40,000 - £50,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

A fantastic opportunity for a market leading company based in Chester.

Reference

BBBH183818

Expiry Date

01/01/01

Logan Holroyd

Author

Logan Holroyd
Find out more
Credit Controller

Salary:

£27,000 - £30,000 per annum

Location:

Crewe, Cheshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£30,000 - £35,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Credit Controller

Reference

BBBH183413

Expiry Date

01/01/01

Glenn Fyfe

Author

Glenn Fyfe
Glenn Fyfe

Author

Glenn Fyfe
Find out more
Regulatory Reporting Accountant

Salary:

£800 - £900 per day

Location:

London

Industry

Investment Banking & Capital Markets

Qualification

Fully qualified

Market

Financial Services

Salary

£350 - £450

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

A Regulatory Reporting programme has been stood up to review and enhance the controls over priority HINV Regulatory Reports.

Reference

BBBH183810

Expiry Date

01/01/01

Andrew Barnes

Author

Andrew Barnes
Find out more
View all jobs