The long-running pay gap between men and women working in the UK has narrowed of late, but a recent report claims that the gap is still higher than the Organisation of Economic Cooperation and Development (OECD) average.<\/p>\n
The UK\u2019s gender pay gap has shrunk dramatically since 2000, but a study, titled the Women in Work index, claims that the gap remains the 21st<\/sup> largest out of 33 OECD countries.<\/p>\n Further research from recruitment firm Robert Half revealed that there is currently a 24% gap in annual salaries in the UK, equating to almost \u00a35,800.<\/p>\n This means that on average, UK women are likely to earn a staggering \u00a3300,000 less than men over the course of their working lives.<\/p>\n Robert Half\u2019s research also revealed that gross annual earning for women rose by just 1.4% from 2014-2015, in comparison with 1.6% for UK men.<\/p>\n Research has suggested that the UK could potentially boost GDP by \u00a3170 billion, should it increase its female employment rate to match that of Sweden \u2013 which is currently the highest performing country, according to the OECD.<\/p>\n The UK ranks in 30th place in terms of the number of women in full-time employment.<\/p>\n Katy Tanner, director at Robert Half UK, said, \u201cCreating a diverse talent pool is becoming more of a priority as the skills shortage heats up and business leaders focus on attracting and retaining talent.<\/p>\n \u201cAs in-demand candidates continue to be in the driver\u2019s seat, employers are needing to offer competitive remuneration and benefits packages above industry averages to highlight the importance for rewarding all employees fairly on the basis of their contribution to the organisation, rather than their gender or indeed any other point of difference.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" The long-running pay gap between men and women working in the UK has narrowed of late, but a recent report claims that the gap is still higher than the Organisation of Economic Cooperation and Development (OECD) average.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1219"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1219"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1219\/revisions"}],"predecessor-version":[{"id":1220,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1219\/revisions\/1220"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}