Men still earn 8% more than women thanks to significant gender pay gap

Wednesday, 21st February 2018, 10:40 am
Updated Wednesday, 21st February 2018, 10:40 am
The majority of large UK companies are still paying out more to men than women (Photo: Shutterstock)

The majority of medium and large UK businesses pay out more to men than women, according to a new government report.

Around 74 per cent of organisations employing more than 250 people pay more wages in total to their male staff.

On the opposite end of the scale, 15 per cent of workplaces reported paying out more to women.

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Eleven per cent of businesses confirmed that they pay equal amounts to each gender.

Men earn 8% more than women

Men working in medium and large businesses now earn an average of 8.2 per cent more than women in the same workplace.

This gender pay gap does not indicate a disparity in the wages of men and women doing the same job (pay inequality), but could highlight possible discrimination.

Tui Airways has a pay gap that favours men by 47.3 per cent (Photo: Shutterstock)

Airlines and banks pay more to men

Airlines and banks were among the most common businesses with a gender pay gap favouring men.

Tui airways, Virgin Money and Bank of England all pay male employees a significant amount more than their female employees.

Three Rivers Council, Europcar UK and drinks company Diageo were listed as paying out more to women than men.

A looming deadline for businesses

By 4 April this year, all companies with more than 250 employees will be legally obligated to submit details of their gender pay gap to the government

To date, only 1085 employers have done so, leaving data on around 8,000 firms unaccounted for.