Korn Ferry Global Gender Pay Index Analyzes Reasons Behind Inequalities in Male and Female Pay
-Women Across the Globe Make On-Average 16.1 Percent Less
Than Men – However, GapBecomes Much Smaller When Analyzing Same
- Gender Pay Gap Still Very Real Due to Fewer Women in
Researchers analyzed information from Korn Ferry’s pay database – which is the world’s largest – to create the Korn Ferry Gender Pay Index. The Index is an analysis of gender and pay for more than 12.3 million employees in 14,284 companies in 53 countries across the globe.
The Truth About the Gender Pay Gap Globally
When comparing pay between genders overall, the study found that globally, men are paid on average considerably more (16.1 percent) than women, which is in line with other research on the subject.
However, the Korn Ferry Gender Pay Index found that, when evaluating the same job level, such as director, the gap fell to 5.3 percent globally. When considering the same level at the same company, the gap further reduced to 1.5 percent. And when the male and female employees were at the same job level and the same company and worked in the same function, the average gap amounted to 0.5 percent.
“The issue of male and female pay parity is very significant and real,
and it is critical that it be addressed,” said
The following table highlights results from representative nations from across the globe and shows the salary gap percentage, all favoring men.
|Country||Overall Gap||Same Level||
|Average across globe||16.1 percent||5.3 percent||1.5 percent||0.5 percent|
|Brazil||26.2 percent||15.0 percent||5.5 percent||1.9 percent|
|China||12.7 percent||5.8 percent||1.0 percent||0.3 percent|
|France||14.1 percent||3.2 percent||3.0 percent||2.2 percent|
|Germany||16.8 percent||4.3 percent||3.2 percent||2.3 percent|
|India||16.1 percent||4.0 percent||0.4 percent||0.2 percent|
|U.K.||23.8 percent||8.3 percent||2.6 percent||1.3 percent|
|U.S.||17.6 percent||7.0 percent||2.6 percent||0.9 percent|
“Pay parity is still a very real issue, but it’s an issue that can be
addressed if there is an ongoing effort to enable, encourage and select
talented women to take on and thrive in challenging roles,” said
Tracy Kurschner, 612.309.3957