In light of the rising cost of living – which will affect women more than men—new research has found that a third of women (31%) working in the fast-growing tech industry feel uncomfortable asking for a pay rise.
In addition to juggling the demands of work, more than 75% of all caregivers are female. With 90% of all of UK’s single parents being women, that means they could be hit the hardest by the cost of living crisis, as according to a recent study by New Economics Foundation single parents will see bills rise 56% faster than the average UK household.
As the UK’s gender pay gap currently sits at 7.9%, and as high as 28% for roles in the tech sector, this also suggests that the cost of living crisis could be affecting women more than men, as the vast majority of women already spend a third or more of their disposable income on rent, as the rates reach a 13-year high.
Tech has long been known as a lucrative sector with high salaries, and it has seen rapid growth following the outbreak of the pandemic. However, new research* has found that only a quarter of women working in tech say they’d feel comfortable asking their employer for a pay rise. This falls in line with a recent study by Glassdoor, which found that 67% of women did not ask for a pay rise in 2020, compared to just 37% of men.
Amongst the main reasons cited as to why they would feel uncomfortable negotiating for a rise, were a lack of knowledge on how to do it and not feeling at ease asking for a rise in their workplace. Employers could be doing more to tackle this inequality, and research in the field indicates a number of crucial steps that employers could take to help women negotiate a fairer salary for their work, including:
Continue reading: https://www.thehrdirector.com/business-news/employment/pay-parity-women-tech-priority/
In addition to juggling the demands of work, more than 75% of all caregivers are female. With 90% of all of UK’s single parents being women, that means they could be hit the hardest by the cost of living crisis, as according to a recent study by New Economics Foundation single parents will see bills rise 56% faster than the average UK household.
As the UK’s gender pay gap currently sits at 7.9%, and as high as 28% for roles in the tech sector, this also suggests that the cost of living crisis could be affecting women more than men, as the vast majority of women already spend a third or more of their disposable income on rent, as the rates reach a 13-year high.
Tech has long been known as a lucrative sector with high salaries, and it has seen rapid growth following the outbreak of the pandemic. However, new research* has found that only a quarter of women working in tech say they’d feel comfortable asking their employer for a pay rise. This falls in line with a recent study by Glassdoor, which found that 67% of women did not ask for a pay rise in 2020, compared to just 37% of men.
Amongst the main reasons cited as to why they would feel uncomfortable negotiating for a rise, were a lack of knowledge on how to do it and not feeling at ease asking for a rise in their workplace. Employers could be doing more to tackle this inequality, and research in the field indicates a number of crucial steps that employers could take to help women negotiate a fairer salary for their work, including:
Continue reading: https://www.thehrdirector.com/business-news/employment/pay-parity-women-tech-priority/
