Neat little post from Liz Hansom at PropertyWeek.Com summarising Property Week’s 2016 salary survey (only available to members).
According to Hansom, while the gender pay gap has shrunk from 27 per cent last year to 25.9 per cent this year, it is still alarmingly wide and significantly bigger than the UK average of 20%.
Hansom says the industry needs to sort its act out.
“We’re in 2016, people - not 1916. Women should not be paid more than a quarter less than their male counterparts. It is totally (insert preferred swear word here) unacceptable.”
Hansom continues that it’s not all doom and gloom in property. In the 46-55 age group, the pay gap has more than halved in the past year, from 28.8 per cent to 14.3 per cent, and it has also narrowed slightly in the 36-45 age group, from 23.05 per cent to 22.7per cent. However, among 26- to 30-year-olds, it has shot up from 6.4 per cent to 17.5 per cent.
This kind of variability is worrying. What’s going on?