The gender pay gap may be narrowing, but women still earn 83 cents for every dollar a man earns for the same job, according to a new report. Those numbers vary depending on the industry, though, and research from career site Glassdoor breaks it down. Photo by Helge V. Keitel.
Glassdoor crunched data from over 4000 full-time, Australian salaries submitted on their site. While their overall findings matched most other studies that find women are generally paid between 75-85 cents per dollar, less than men, they did find that the gap narrowed when they adjusted for job title and experience:
Applying controls for age, education and years of experience, the gender pay gap in column 2 shrinks to 12.0 percent for base pay and 12.6 percent for total compensation. Finally adding in a rich set of controls for company and job title, in column 5 we find an “adjusted” gender pay gap of 3.9 percent for base pay and 5.4 percent for total compensation.
Those numbers seem encouraging, however, a gap still exists, and in general, it's worth noting that the meat of the issue goes beyond simply comparing job title to job title.
It's useful to see just how much the gap widens or shrinks depending on industry, too. These are the US industries that Glassdoor found to have the largest pay gap, along with the percentage of higher male pay:
- Healthcare: 7.2%
- Insurance: 7.2%
- Transportation & Logistics: 6.8%
- Media: 6.6%
- Arts, Entertainment & Recreation: 6.6%
- Finance: 6.4%
These numbers are adjusted for population and for men and women with similar experience and background.
On the flip side, here are the industries with the smallest gap:
- Aerospace & Defence: 2.5%
- Agriculture & Forestry: 2.5%
- Biotech & Pharmaceuticals: 3.0%
- Travel & Tourism: 3.0%
- Restaurants, Bars & Food Service: 3.2%
- Education: 3.3%
The information is useful for anyone interested in the wage gap issue, but it's also practical info for women who may want to be extra aware of the issue within their own industries.
Glassdoor has plenty of additional interesting data comparing the gap across countries and years of experience, among other factors. You can download the study for yourself at the link below.