‘Money. It is not the root of all evil. It makes the world go ‘round. It is a source of power. It is the freedom to pursue our dreams. And — no secret here — we women have less of it than men do. “Ellevest, Mind the Gap Guide
What are the facts related to women earning money in Ireland?
- Collectively working women earned less than working men (the “unadjusted gender pay gap”). On average in 2019, an Irish woman earned €2879 every month, while the average man earned €3885.
- Collectively working women earned 26% less than men or € 12,072 annually.
Ireland’s Gender Pay Gap Cause => More Women On Lower Incomes
- More women in precarious employment
- More women working in lower paid industries
- More women in lower pay grades
- Slight more women on the minimum wage that men. (Citizens’ Assembly, 2020)
Ireland’s Gender Pay Gap Cause => Pay By Sector
In 2014, overall 4.7% of employees earned €1,600 or more per week. The Information and Technology industry does best, with 15.2% of those employed in IT earning €1,600+. There are less women employed in the IT sector. Most senior positions are held by men with more women working in lower paid roles.
Ireland’s Gender Pay Gap Cause => Too Few Women in Management
As noted above there are more women at lower pay grades. One cause of the gender pay pay in Ireland is the dominance of men in leadership positions.
- Less women in middle management
- Less women in the C-suite
- Less women on boards of directors
Ireland’s Gender Pay Gap Cause => It’s Not Education
“Women represented more than half (53.8%) of all third-level graduates in Ireland in 2017.” (CSO, 2017)
As noted above, information and communication is one of the best paid sector, as we see below, STEM subjects continue to be dominated by men. This suggests two questions. 1). why is there such a difference in financial appreciation between sectors? and 2). how can we create gender inclusion within the various sectors so that there are, for example, more men in education and more women in engineering?
- Working women with third-level education earn ~8% less per hour than their male peers 3 year after graduating.
- Collectively third-level educated women aged 25- 64 earn 28% less per hour than their male peers.
- By about 55 years old, collectively third-level educated women earn 40% less than their male peers in Ireland. (Chapman and Doris, 2019)
- The pay gaps are largest amongst the highest, most educated earners. Amongst the highest earners, women earn substantially less than top paid men. (Chapman and Doris, 2019).
Learn more about the Gender Pay Gap in Ireland ↓
- Read about Sally Krawcheck’s Six Gender Pay Gaps