Females Less Likely to Receive Pay rise

In late December 2022, Cendrex published the results of its research into compensation paid to female members of the workforce. The results staggeringly revealed that there was a significantly less likelihood of such affected females receiving a payment that could be loosely described as a “bonus". 

Survey Sample

As everybody is fully aware the credibility, weight, and force of surveys are very much dependent upon the size, quality and the pool of those approached. This survey approached more than four hundred businesses aiming to gain insight into the probability of such a payment being paid. 

 Our Survey Said…

The organizers of the piece of research found that despite over twenty five per cent of the workforce find themselves in the position of gaining such a windfall in the twelve months from June 2021 to June 2022. However, as alluded to in the previous paragraph of this article there appears to be a drastically lower chance of those emanating from the female demographic finding themselves in receipt of such a bonus payment. It was not all bad news however as there was a marked improvement in the possibility of a member of the workforce receiving a payment which can be described as a bonus. This appears to have risen by three per cent. On the statistics this amounts to almost a quarter of the workforce. Putting this figure into some form of context, in the year 2021 this was a smidgen over one fifth of the workforce. This equates to a small improvement. However, more needs to be done to reduce the likelihood of these low numbers continuing in future surveys. 

The organisers of the survey also looked across the board at the mean bonus payment which had been handed down to persons in both the male and female demographic. The report revealed that this was approximately two thousand five hundred pounds. Nowadays, and especially following the Equal Pay Act 1970 and the Equality Act of 2010 it would be a somewhat very strange situation if females were to receive less than males depending on their sex, gender and demographic. However, this piece of research conducted by Cendrex appears to reveal that females less likely to have received a payment which can loosely be described as a “bonus”. This was not the end of the story as those carrying out the research discovered that even those persons emanating from the female demographic had received such a payment in relation to a "bonus”, they appear to have been discriminated against on the basis of the protected characteristic of sex. this appears to be on the basis that they have achieved substantially less by way of financial recompense in comparison to those colleagues inner organisations from the male demographic.  

Stats Stats Stats…

This does not appear to have been gossip of the rumour mill variety. The organisers of the survey also revealed that approximately thirty per cent of those from the male demographic were in receipt of one of these supposed "bonus” payments. However, this appears to contrast starkly with the position of females occupying the workforce. The survey found that just under twenty four per cent of this demographic were awarded with a bonus payment. Putting the matter into some form of context this was estimated to be a disparity of approximately ten per cent, with those from the female demographic being in receipt of approximately one thousand five hundred pounds in bonus payments and their male counterparts in stark contrast taking home approximately three thousand pounds. This equates to an approximate a one hundred per cent increase.   

Written By Adam Green   

ASSESSING FIRMS

#Allen&Overy #BakerMcKenzie #HerbertSmithFreehillsLLP #LewisSilkin #MishcondeReya #Simmons&Simmons #AddleshawGoddard #CliffordChanceLLP #CMS #DACBeachcroftLLP #EvershedsSutherlandLLP #LinklatersLLP #TaylorWessing #TraversSmith #Bird&Bird 

THE ARTICLE WAS WRITTEN USING THE FOLLOWING SOURCES 

[SOURCE 1] Cholteeva, Yoana – Quarter of employees received a bonus this year but women were likely to be left out, data finds – People Management – 19 December 2022 - Quarter of employees received a bonus this year but women were likely to be left out, data finds (peoplemanagement.co.uk)

[SOURCE 2] Mayne, Mahalia– Nearly half of UK employees want a monthly cost of living pay boost, survey finds – 2 December 2022 – People Management - Nearly half of UK employees want a monthly cost of living pay boost from their employers, survey finds (peoplemanagement.co.uk)

[SOURCE 3] Cholteeva, Yoana – Employers urged to prepare for influx of pay rise requests – People Management - Employers urged to prepare for influx of pay rise requests as reward lags behind inflation (peoplemanagement.co.uk)

[SOURCE 4] Baty, David – Staffing turbulence: why motivation is as important as money – People Management  - 4th August 2022 - Staffing turbulence: why motivation is as important as money (peoplemanagement.co.uk)

[SOURCE 5] Equality Act 2010

[SOURCE 6] Equal Pay Act 1970