© Andrii Yalanskyi | Dreamstime.com A recently published study ranks Switzerland 10th on gender pay gap. Switzerland’s gap of 17% is bigger than Italy’s (5.3%), Luxembourg’s (5.5%), Belgium’s (6.1%), Sweden’s (13.3%), Spain’s (14.2%), Denmark’s (15%), France’s (15.2%) or the Netherlands’ (15.6%), but lower than Finland’s (17.4%), Portugal’s (17.5%), Austria’s (20.1%), the UK’s (21%) or Germany’s ...
Topics:
Investec considers the following as important: 3) Swiss Markets and News, Featured, Korn Ferry, newsletter
This could be interesting, too:
Michael Njoku writes Totalitarianism Begins With A Denial of Economics
Nachrichten Ticker - www.finanzen.ch writes US-Wahl treibt Bitcoin über 90’000 US-Dollar – wie Anleger vom neuen Krypto-Hype profitieren können
Jim Fedako writes Subjectivity and Demonstrated Preference: A Possible Paradox
Connor O'Keeffe writes The Context Behind Donald Trump’s “Takeover” of the American Right
A recently published study ranks Switzerland 10th on gender pay gap. Switzerland’s gap of 17% is bigger than Italy’s (5.3%), Luxembourg’s (5.5%), Belgium’s (6.1%), Sweden’s (13.3%), Spain’s (14.2%), Denmark’s (15%), France’s (15.2%) or the Netherlands’ (15.6%), but lower than Finland’s (17.4%), Portugal’s (17.5%), Austria’s (20.1%), the UK’s (21%) or Germany’s (21.5%).
Confusion around aggregate pay gap figures leads some to conclude women are getting paid less for doing the same work. However, much of the difference can be explained by different pay for different jobs. A study by Korn Ferry shows that gender pay differences in Switzerland disappear almost entirely when pay is compared on a job-for-job basis.
Gender pay gaps have more to do with the jobs that men and women find themselves in than getting paid more or less for the same job.
In the past, big gender differences in overall rates of tertiary education lay behind the lack of women in top jobs. However, this gap has been closed. In 2016, 50% of those in tertiary education were women, up from 44% in 2004.
So why does the pay gap persist?
There are many reasons, such as the challenges of juggling child care and work, a responsibility that continues to fall more heavily on women. Another is education.
In Switzerland, men continue to dominate study in fields that lead to highly paid jobs. Women, on the other hand, dominate humanities and social science subjects, which tend to lead to lower paid public sector jobs. In 2017, women made up 74% of university students studying human and social sciences, while men made up 59% of those studying natural sciences and 68% of those studying technical science subjects, qualifications in high demand in the private sector.
Another factor is time. It takes time for shifts in education and attitudes to reach the workplace. In 2007, the gender pay gap was 24%. By 2016, it was 17%.
Tags: Featured,Korn Ferry,newsletter