Skip to content
Search

Latest Stories

Equal pay for equal work still distant dream for many women: Report

A REPORT released to mark Equal Pay Day on Thursday (14) suggests unlawful pay discrimination may be more widespread than previously feared.

The majority of women in workplaces across the UK don’t know what their male colleagues earn, or believe they are earning less than men who are doing the same job, Fawcett Society said in the report.


The survey asked women about male colleagues in the same role or a very similar role to them. Three in 10 or 29 per cent women polled said they had no idea what any of their male colleagues were paid, leaving them unaware of possible discrimination.

Alarmingly, as we celebrate the 50th anniversary of the Equal Pay Act 1970, four in 10 (37 per cent) women who knew what their male counterparts earned reported that those men are paid more.

Just 40 per cent of working women said they know they are being paid the same as male colleagues doing the same or very similar work to them.

There is also worrying news for employers, with two thirds of women (65 per cent) saying finding out they are paid less than male counterparts has a detrimental impact on how they feel about their job or their employer.

This includes feeling less motivated (33 per cent) and wanting to leave their job (20 per cent).

The personal cost to the women themselves is significant, with 42 per cent saying they felt undervalued and 38 per cent reported feeling angry and upset.

Fewer than one in four (23 per cent) said they understood the reasons they were paid less.

Sam Smethers, Fawcett Society Chief Executive, said: “… Women need an enforceable ‘Right to Know’ what their colleagues earn so that they can challenge unequal pay.

“This is about much more than money. Women have told us they felt furious, devastated, exploited and undervalued. Pay discrimination has a significant negative impact on how they feel about their employer.

“A Right to Know will also reduce waste in the court system, and head off legal action by encouraging employers to settle cases before they get to court.”

Fawcett’s report ‘Why Women Need a Right to Know’ calls for a change in law to give women a 'Right to Know' what a male colleague or colleagues earn if they suspect there is pay discrimination.

The polling shows that eight in 10 (79 per cent) people support the change, saying they agree that a woman should be able to find out whether she is being paid less than a man for equal work.

That includes three-quarters (74 per cent) of men.

More For You

Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less
Northern-Superchargers-Getty

Ben Stokes and Matthew Short of Northern Superchargers walk out to bat during The Hundred match between Manchester Originals and Northern Superchargers on August 11, 2024 in Manchester, England. (Photo: Getty Images)

Sunrisers Hyderabad to acquire Northern Superchargers in £100 million deal

INDIAN Premier League franchise Sunrisers Hyderabad is set to become the first full owners of an English Hundred team after agreeing to buy Yorkshire’s Northern Superchargers for a reported £100 million.

The Sun Group will be the third IPL-linked investor in the eight-team Hundred competition, following Reliance Industries, which owns Mumbai Indians, and RPSG, which runs Lucknow Super Giants.

Keep ReadingShow less
BT-Getty

A view of the British Telecom (BT) headquarters in central London. (Photo: Getty Images)

BT to remove diversity targets from manager bonuses

BT will remove diversity, equity, and inclusion (DEI) targets from its manager bonus scheme, replacing them with a measure of overall employee engagement.

The change, set to take effect in April, follows consultation with major investors and has received “strong support,” according to the company, The Telegraph reported.

Keep ReadingShow less
India's central bank cuts interest rates for first time since 2020

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.. (Photo credit: Reuters)

India's central bank cuts interest rates for first time since 2020

THE RESERVE BANK OF INDIA (RBI) reduced interest rates on Friday for the first time in nearly five years, citing concerns over economic growth despite inflation risks.

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.

Keep ReadingShow less
Sri Lanka seeks to negotiate with Adani over renewable energy plants

Gautam Adani

Sri Lanka seeks to negotiate with Adani over renewable energy plants

SRI LANKA’S government started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said last Tuesday (28).

Sri Lanka has been reviewing the group’s local projects after US authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts. Adani has denied the allegations.

Keep ReadingShow less