Women earn 18% less than men on average, according to new research. The Institute for Fiscal Studies (IFS) also found that the gap balloons after women have children, raising the prospect that mothers are missing out on pay rises and promotions. That is echoed by a separate report on Tuesday suggesting that male managers are 40% more likely than female managers to be promoted.
However, the problem isn’t solely for companies and Government to solve. Another important factor in addressing the gender pay gap is women being afraid to challenge their employers in asking the tough questions & wanting to be paid their worth. Research shows that women’s ambition dips whereas men’s grows- is that due to the system of being undervalued or is it us?
We need to work on the women as well as challenging the employers. This is what we do at InspirEngage with our programmes aimed at women and the speaking tours I undertake- once you understand your worth, your skills and what you are working for, you’re more likely to be able to match it with ambition and productivity. Not only that, but we are now working with companies to increase a sense of purpose connected to the company vision for women which research has shown increases retention. This is good for the employer and for the women.
Upcoming events Melody will be speaking at, connected to this subject:
- Keynote speaker, Future Fest, on the subject of future of work for young people and women, 17 September, London
- Speaker at 18th Global Women in Leadership Economic Forum in Dubai, on the subject of career and purpose for women, October 2016
- Speaker at CSR Lebanon Forum in Beirut, October 2016
- Trainer at Women’s Forum, Deauville, France, November 2016