Salary Survey Shows Gender Pay Gap Almost £5,000

Last year the ONS found that the gender pay gap had been reduced to less than a 10% difference, however a new survey from online finance tool MySalaryCalculator.co.uk shows that the remains an important issue, more so when the ranges of salaries are taken into account.

Collating data from over 4,500 respondents during July – September 2012 they found that:

• Men typically earn between £4,907 and £7,491 more than women
• Median salary is £29,120 for men and £24,000 for women

The findings were analysed by Dr David Fishwick ( Head of Maths at Bradford Grammar School) who found “although males are generally better paid, they also have a wider range in salary. There is less variety in women’s salaries”.

This greater spread of earnings was confirmed by Dr Catherine Hakim, Professor of Social Science at the Social Science Research Centre in Berlin, “It is interesting to get the information on the greater dispersion of male earnings among full-time workers, a point that is never revealed clearly by the government’s annual ASHE results on the pay gap. It is well-established that women work in a narrower range of jobs than men. Now we know that their earnings are also heavily clustered around the average, whereas male workers include lots of high-earners and also lots of low-earners”

MySalaryCalculator.co.uk was created by Chris Bell, and this survey will probably be the first of many interesting findings around salary trends and levels. The site itself is a free tool for calculating and checking national insurance, income tax, student loans and more salaries.

Let us know if this pay gap has affected you.