Irish women earn 20 per cent less than men for doing the same job
Women earn 20pc less than men doing the same job, new research has found.
Women professionals earn on average €12,500 a year less than their male counterparts, according to the study by recruitment firm Morgan McKinley.
The study found that experience and education widen the gap between women and men, rather than closing it.
Women with fewer than five years experience earned 12 per cent less, but women with more than 15 years earned 28 per cent less on average.
The gap was 10 per cent for women with a bachelor’s degree, but 33 per cent for those with a master’s degree.
“Greater wage transparency is going to be key going forward, companies need to start effectively addressing the issue, before they are obliged to,” said Karen O’Flaherty, Chief Operations Officer of Morgan McKinley.
“This is a very serious issue for the woman affected and for society as a whole. It can only harm our prospects for future economic growth if it is not addressed urgently.”
The difference adds up to €11,500 difference between men and women with no degree and €32,500 for men and women with master’s degrees.
The study saw Morgan McKinley partner with salary benchmarking company Emolument to collect data from more than 5,000 professionals across a number of sectors.
The financial services sector had the highest pay gap at 29 per cent, while the technology sector had the lowest at seven per cent.