Women are settling for less pay than men – bosses
Published 15/04/2014 | 02:30
WOMEN undervalue themselves in the workplace, with 40pc of employers saying they will settle for less pay than men.
That's according to recruitment firm CPL and Trinity College economics lecturer Ronan Lyons, whose latest quarterly Employment Market Monitor contains some stark insights into how employers view female workers.
Many of the employers surveyed felt that women are poor at negotiating and don't have a clear view on their value, CPL said.
This was particularly evident in traditionally male-dominated industries like stockbroking, technology and management consulting.
Just over one-third of all IT managers who responded said they thought women undersell themselves at work.
"It's particularly important that women are aware of this now because this is the first year in which we're starting to see pay rises return since before the crash," said CPL director Peter Cosgrove.
"Whether we like it or not, men are generally better at asking for pay rises.
"The reality in business is that you have to ask. Men are more likely to do this, and be overconfident.
"It may not seem fair but it's the way it is; you could be very good at your job but if you don't ask, you won't get."
Both men and women should view their pay packet as an ongoing project, he said, not an annual discussion. "Employees shouldn't think of the pay rise conversation as a once-a-year thing – you should be building your brand, making it clear how valuable you are to your employer, all year round."
On a more positive note, the study detected a ninth consecutive quarter of growth in the number of jobs being posted.
The number of jobs posted between January and March was up two-fifths in comparison to the same period a year before. The science, engineering and supply chain sectors led this growth, quadrupling their level of postings in the last three years.
"It is very positive to see continued growth with the monitor showing its ninth consecutive quarter of year-on-year growth. Labour market conditions appear to be slowly improving," said Mr Cosgrove.
The third clear trend that emerged from the findings, which took responses from 402 employers, 830 jobseekers and data from CPL's database of companies, was that jobseekers aren't telling the truth.
Just over three-fifths of the employers surveyed reported that many candidates lie at interview.
Examples reported included a jobseeker who said a break in their CV was due to a return to their home country.
It was later revealed that the person was instead doing an eight-month spell in prison for fraud.