Payspective insights

Gender pay gap UK: what it looks like and what companies can do about it

Gender pay gap UK: what it looks like and what companies can do about it

The gender pay gap in the UK stands at 15% – though it is much higher for startups & scaleups (25%). The two main drivers of the gap are (1) a skew in seniority levels (men tend to be in more senior positions than women) and (2) a skew in terms of functions that men and women work in (highly-paid technical jobs are predominantly held by men). In this article, we explore various ways in which companies can aim to close the gap and improve gender parity.

read more
Startup compensation, holidays & remote working: 5 insights from our benchmarking

Startup compensation, holidays & remote working: 5 insights from our benchmarking

(1) A UK startup CEO typically has a lower salary than their COO. (2) Stock options are a key part of startup compensation and are commonly awarded to employees at all seniority levels. (3) >70% of UK startups have a 25 day holiday allowance while 8% of companies offer unlimited holiday. (4) Working from home is here to stay with 80% of UK startups opting for a hybrid model (most typically 50/50). (5) 92% of startups have a higher average salary for male than female employees, leading to a pronounced gender pay gap. (6) If you’d like to benchmark your own startup/scaleup, get in touch.

read more
What you didn’t know about Covid-19 & the labour market – 3 astonishing but unsurprising facts

What you didn’t know about Covid-19 & the labour market – 3 astonishing but unsurprising facts

The diference between the salary which candidates for a position expect and the salary that employers offer has decreased by >1/3 in 2020, pointing to a shift in the labour market power balance in favour of employers. Meanwhile, half of all professional report a negative impact of Covid on mental health. Companies that made use of financial support from the government were less likely to grant pay rises to their employees.

read more
Working hours UK & average hourly wage UK

Working hours UK & average hourly wage UK

The average number of weekly working hours in the UK is 41.8, which is somewhat normal in international comparison. Job satisfaction is unaffected by working up to 60 hours a week but takes a big hit beyond that. Meanwhile, the average hourly wage in the UK is £16.6. Looking at white-collar professionals, there are substantial differences in both working hours and average hourly wages for different company types and seniority levels in the UK.

read more
Why Payspective?

Why Payspective?

Knowledge about compensation, satisfaction and working conditions is a key contributor to a fulfilled working life, which we believe everybody has a right to. Our mission is to help you answer questions like How much should I be paid?, Would I be happier in a different job?, or Does my pay justify the working hours? and thereby make great career and life choices.

read more

Get insights today

Follow us on LinkedIn

Keen for more info on work & pay?

Pay, working hours, WFH, career progression and job satisfaction are such important topics for professionals. That's why we publish the latest & greatest insights every 3 weeks in a newsletter.

If you'd appreciate a regular update, do sign up to our newsletter below.

Please confirm your subscription in the email we just sent to you (it can take a minute to arrive).

Share This