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Research finds six in ten female workers are underpaid

60% of female employees in Britain today could be underpaid, compared with just four in ten of their male counterparts, according to new data released by Adzuna.co.uk.

 

According to the data, compared with a UK average of 47% of employees reporting earnings less than their statistical market value, a gender divide is apparent in the UK workforce, with 20% more women than men falling below their market value.

 

While only 17% of women surveyed earned over £50,000 per annum, almost double that percentage (32%) of male workers were paid at that level. At the other end of the scale, more women (20%) than men (13%) reported earnings under £20,000 per year.

 

This underlines findings from the latest Global Gender Gap report, from the World Economic Forum, which highlighted that the gender gap across health, education, economic opportunity and politics has closed by only 4% in the past decade.

 

Doug Monro, co-founder of Adzuna, commented,Adzuna’s data shows average earnings amongst female employees to be 13% lower than their male counterparts, highlighting a clear and persistent gender divide in the UK labour market. Analysis of self-certified salaries from thousands of ValueMyCV users shows the average female worker earning £35,107, compared with an annual salary of £40,318 for their male colleagues. Even when we strip out the impact of all other factors, like education, experience or part time status, we still see a gender difference than can only be put down to inequality.  Britain’s employers need to change their ways.”

 

The research, conducted by Adzuna in January 2016, analysed self-reported actual salaries of over 20,000 UK workers to highlight salary variations across genders, 20 industries and 12 UK regions. Every individual’s salary was compared to real market values from ValueMyCV, a unique, free tool that uses advanced machine learning techniques to calculate how much anyone is worth based on their CV.

 

Adzuna’s analysis shows consultants, designers and those employed in the charity sector number amongst the most underpaid employees in Britain, with the average consultant taking home £17,000 per year less than their market value. Graduates, workers in the energy sector and teachers, conversely, are more likely to see earnings more in line with their true value.

 

Employees in the IT and marketing sectors proved most curious about their market value, with these two industries logging the largest number of enquiries on Adzuna’s ValueMyCV tool. Workers in the financial sector, engineering sector and sales roles rounded out the top five. Energy sector employees, legal staff and graduates, on the other hand, logged the fewest enquiries on the CV evaluation engine.

 

Table 1: The 5 most curious sectors in the UK

 

Sector

Average advertised salary (January 2016)

% of total CV valuations

IT

£46,954

12.9%

PR & Marketing

£35,307

12.3%

Finance

£37,297

7.6%

Sales

£30,304

7.5%

Engineering

£35,657

5.4%

 

 

Table 2: The least curious sectors in the UK

 

Sector

Average advertised salary (J

anuary 2016)

% of total CV valuations

Energy, Oil & Gas

£47,844

1.0%

Legal

£38,330

1.0%

Graduate

£25,088

1.4%

 

 

Corporate sales managers, particularly those involved in bid management for education or government contracts, were named the least likely job title in the UK to be paid their worth, earning up to £40,000 less than their market rate.

 

Table 3: The most underpaid careers in the UK

 

Sector

Average salary shortfall

Consultancy

£17,876

Creative & Design

£16,423

Charity

£15,500

IT

£14,995

Engineering

£14,664

 

 

Finance directors numbered amongst the most overpaid employees in the country, with some securing actual pay of up to £50,000 more than their current market worth.

 

Monro said, “With the labour market looking increasingly positive, the issue of salary transparency is rising to the top for jobseekers. Through ValueMyCV, Adzuna is making it our mission to champion fair pay for every employee, giving workers across the country the tools to negotiate pay that is appropriate for their skills and experience.”

 

 

 

 

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