Women still earning less
Article Date: Oct 21 2008The average man in full-time employment earns 32 per cent more than the average woman working full-time, according to new research.
The data from disability insurer Unum shows that men earn ₤30,035 on average, while women lag behind with ₤22,773. The gap between the genders is widening, according to Unum’s marketing director Paul Davies, who adds that age also plays a key role in remuneration.
Says Davies, ‘Employers need to be careful and act swiftly to address gender and age inequalities as these can quickly lead to staff discontent and absence management issues.’
The average salary for both genders peaks at the age of 49 at ₤37,340, then declines towards ₤26,771 at age 59.
A typical 19-year-old earns ₤15,744, a 25-year-old ₤21,725, and the average worker needs to reach 33 before annual earnings exceed ₤30,000.
