(Fast Company) We used to say certain things were changing at a “glacial pace” to indicate just how slowly the shift was happening. Given the state of the climate, soon the glaciers may be melting faster than the gender wage gap is closing.
According to a new report from PayScale—released on Equal Pay Day, which is today—women are currently earning 82 cents for every dollar earned by their male counterparts based on uncontrolled data.
The 2022 Gender Pay Gap Report draws on compensation data to come up with both the controlled and uncontrolled gender pay gap. The controlled analysis measures “equal pay for equal work,” taking into account factors including job level and title, education, years of experience, industry, and hours worked and compares both men’s and women’s earnings. That reveals the gap in women’s pay is 99 cents for every dollar of their male counterparts in the same job.
Read more here.