Nearly one third of women born between 1980 and 1995 believe that employers are too bias towards men when offering promotions, a report by Price Waterhouse Coopers (PwC) has found.
The study showed that while the UK has made progress in narrowing the gender wage gap and increasing female labour participation, the UK still lags behind many OECD countries when it comes to overall female economic empowerment.
PwC’s second Women in Work Index took into account 40,000 global millennial workers – those born after 1980 – and revealed that the UK ranks in 18th position out of 27 OECD countries.
The findings are based on a measure that combines five key indicators of female economic empowerment: the equality of earning with men; the proportion of women in work, both in absolute terms and relative to men; the female unemployment rate; and the proportion of women in full-time employment.
The data suggests that young female workers’ expectations of workplace equality are not matched by their experience.
Yong Jing Teow, economist at PwC, said:
“It is encouraging that the UK is making gradual headway on closing the gender pay gap, but there is still a long way to go before we catch up with other countries and fully close this wage gap.
“It is disappointing that UK women’s pace of progress in the labour market has been relatively poor since 2000. If we want to see a meaningful change to women’s economic empowerment in the UK, we will have to speed up the rate of change, otherwise we risk falling further behind other high income economies.”
The report comes just days before International Women’s day 2014 and is a reminder to British employees to continue to do more to ensure female aspirations for equality are not met with disappointment further up the career ladder.
Photo by Kheel Centre