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Gender Pay Equality
There are many questions about why women earn less than men, despite gains in education and skills. One factor contributing to the gender pay gap is incentive pay. A new report from the ADP Research Institute (ADP RI) found that women, on average, earn a 17 percent ($15,000) lower salary than men. However, when factoring in bonus pay where there’s a 69 percent gender pay gap, the total earnings pay gap widens to 19 percent ($18,500). In addition, the report discovered that young women, aged 20 to 30, fared the worst with a 21 percent less bonus-to-base ratio compared to male colleagues. Women with a low starting salary started jobs with a near-equal base pay of men; however, the base salary gap worsened for them after six years.
Scott Koegler
Scott Koegler is Executive Editor for PMG360. He is a technology writer and editor with 20+ years experience delivering high value content to readers and publishers.
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