Dive Brief:
- Payscale’s annual Gender Pay Gap report showed only a slight decrease in the pay gap between women and men, reports GeekWire. The report also recommends that companies take action against gender inequality. The Seattle company provides compensation software and data.
- Of employees at companies that don’t address gender inequality, 71% of women and 74% of men said they would look for jobs elsewhere in the next six. These percentages drop below 50% for employees at companies that take action against gender inequality.
- More than half of the 1.8 million employees surveyed believed gender inequality was problematic at their company.
Dive Insight:
Whether the women and men who said they would actively job hunt plan to leave solely because of their company’s inaction against gender inequality isn’t clear. But if companies’ inaction is, in fact, a direct cause, employers should be reviewing their pay rates, total compensation figures, and hiring, promotion and retention records to see where gender inequality might be a problem.
The slight reduction in the pay gap between women and men, from 2.7% to 2.4% is another reason employers need to double down on gender inequality. To combat this, some are turning toward pay transparency policies to allow discussion of who gets paid what and why that may be the case, while others are moving away from asking about past pay at the recruitment level.
