Are We There Yet? #Equal Pay
Equal Pay Day fell on the 20th November 2022. Equal Pay Day is a national campaign led by the Fawcett Society in the UK. It marks the day in the year where women effectively, on average, stop earning relative to men because of the gender pay gap.
The Fawcett Society is a membership charity based in the UK campaigning for gender equality and women’s rights at work, at home and in public life.
Explaining exactly what the pay gap is, The Fawcett Society say "The gender pay gap is the difference between the average pay of men and women within a particular group or population. Fawcett uses the mean, full-time, hourly gender pay gap for the UK to calculate the gender pay gap for Equal Pay Day which this year is 11.3%, a tiny decrease from 11.9% last year."
Jemima Olchawski, CEO of the Fawcett Society, said “It is deeply disappointing that the gender pay gap has barely shifted in the past few years, especially given the cost-of-living crisis is hitting women the hardest and forcing them to make impossible choices. Other data indicates that the pay gap may be even worse for women of colour - though we still don't know the full picture."
AAT (Association of Accounting Technicians) has also published its latest gender pay gap report and its second ethnicity pay gap report, ahead of Equal Pay Day on 20 November.
AAT report they "been publishing its gender pay gap data since 2017. In 2021, the organisation began publishing ethnicity pay gap data for the first time, despite no legal requirement to do so, highlighting its commitment to Diversity and Inclusion (D&I)."
One of their key findings show that the mean gender pay gap has decreased from 3.5% in 2021 to –0.2% in 2022, due to an increase in the proportion of women in senior roles within the organisation while the mean ethnicity pay gap declined slightly, from 24.9% in 2021 to 24% in 2022.
Read AAT’s Report Here
While it’s great news that AAT have worked hard to reduce the gap, its clear there is still a lot of work to do across the UK, and Europe, until pay is truly equal. Do you share complete a gender pay gap report? If so, please so share it with us and we’ll make it available here too.