Transparency about wages does lead to a narrowing of the gender pay gap, showed a study of Danish companies.
Government-mandated reporting of gender pay discrepancies has been a subject of much debate in the last 5-10 years. Those arguing for legislation to require such reporting say that it will help to address the persistent gender wage gap. Opponents insist that not only is that unlikely; it will also increase companies’ administrative burden and decrease profits. Until recently there has been no strong evidence to support either side.on the impact of mandatory wage transparency.
Our results showed that from 2003 to 2008, the gender pay gap at mandatory reporting firms shrank 7%, from 18.9% to 17.5%, while the gap at control firms stayed steady at 18.9%. These findings suggest that governments can indeed take effective steps to address gender wage disparities by making it mandatory for firms to provide data showing discrepancies in gender pay.
While we didn’t see a statistically significant change in departure rates of male or female employees, there was a slightly higher number of departures of high-level females, an indication that women may be more likely to leave positions where there is no adjustment in pay towards closing the gender gap.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mike's Hard Lemonade wants to pay you to take time off from workThe company wants to help those who are unable to get a paid vacation day.
Read more »
Former Nissan Dealership Employee Charged With Stealing $1.3 Million | CarscoopsThe employee was authorized to hire freelance advertisers and allegedly opened shell companies to pay himself
Read more »
Report: China Paid U.S. Lab Scientists Up to $1 Million for Research, Including Military TechA security firm called Strider Technologies published a report this week that said China paid leading scientists at America’s Los Alamos National Laboratory hefty sums of money to conduct research for the Chinese Communist government.
Read more »
New Minimum Tax Will Hit Berkshire Hathaway and Amazon Hardest, Study ShowsThe 15% minimum tax would impact around 78 companies, according to 2021 financial data, with Berkshire and Amazon paying the most.
Read more »
Gravitas Ventures Acquires North American Rights To Distribute Anthony Hopkins Thriller ‘Where Are You’EXCLUSIVE: Gravitas Ventures, an Anthem Sports & Entertainment Company, has acquired North American rights to distribute thriller Where Are You directed by Riccardo Spinotti and Valentina De Am…
Read more »