There is a long way to go before society equally pays both genders.
However, the construction industry is doing a lot better in closing this gap. This is compared to many other sectors such as hospitality, transport and real estate. The gap is 1.8% below the all industry average at 16.3% according to the Annual Survey of Hours and Earnings.
From next April though, the government will require all employers with more than 250 employees to publish their gender pay and bonuses gaps. The intention is that this information will provide more detailed and accurate figures than provided by the annual survey. This will then hopefully highlight the barriers that are preventing women from reaching the top. Consequently, this should also emphasise the actions that need to be put in place to close this gap between pay.
Justine Greening, a minister for Women and Equalities stated: “it is fantastic to see we now have the lowest gender pay gap on record. No woman should be held back because of her gender.”
“We’ve achieved amazing things but there’s more to do – that’s why we are pushing ahead with plans to require to publish their gender pay and gender bonus gap for the first time ever.”
However, according to a report by Deloite, the pay gap still won’t be closed until 2069!
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