O slideshow foi denunciado.
Seu SlideShare está sendo baixado. ×

Closing the gender pay gap in Singapore_ IWD'17 research

Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Anúncio
Próximos SlideShares
Getting to Equal 2017
Getting to Equal 2017
Carregando em…3
×

Confira estes a seguir

1 de 15 Anúncio

Closing the gender pay gap in Singapore_ IWD'17 research

Baixar para ler offline

Globally, for every $100 a woman makes, a man makes $258. Our research identifies three powerful ways to help close this pay gap if business, government and academia provide critical support—and their combined impact is extraordinary.

Globally, for every $100 a woman makes, a man makes $258. Our research identifies three powerful ways to help close this pay gap if business, government and academia provide critical support—and their combined impact is extraordinary.

Anúncio
Anúncio

Mais Conteúdo rRelacionado

Diapositivos para si (20)

Semelhante a Closing the gender pay gap in Singapore_ IWD'17 research (20)

Anúncio

Mais de Accenture ASEAN (12)

Mais recentes (20)

Anúncio

Closing the gender pay gap in Singapore_ IWD'17 research

  1. 1. Getting to Equal 2017 Singapore data Accenture Research 1
  2. 2. IWD 2017: GETTING TO EQUAL II HOW TO READ THE DATA 2 Our country results are divided into three parts: 1. Pay Gap - broken down by cause 2. Scenarios for Improvement 3. Key Survey Data Pay Gap The causes of the gender pay gap as a percentage of the total pay gap • Tertiary Education – lack of tertiary education • Employment – no participation in workforce • Industry – work in low paid (rather than high paid industry) • Level – lower participation in senior roles at companies • Hours Worked – working shorter hours (i.e. part-time) • Unexplained – other unexplained contributing factors Scenarios for Improvement Once in work there are a number of factors that affect how much people are paid. • 2015 The Hidden Pay Gap: The ‘as-is’, today • 2030 Baseline: Our baseline, what happens if current trends continue. This is what we measure our ‘what if’ scenarios against. • Digital Fluency • Digital Fluency + Career Strategy • Digital Fluency + Tech Immersion • Digital Fluency + Career Strategy + Tech Immersion The Hidden Pay Gap • Our model accounts for the lower proportion of women in paid employment by calculating the ‘Hidden Pay Gap’. • Using this measure means men earn $258 for every $100 women earn globally (compared with $140 if lower female participation is ignored).
  3. 3. 3 Global
  4. 4. PAY GAP BURNING PLATFORM: SUMMARY 50% 2080 Women are underrepresented in the global workforce – just 50% of working age women are active in the labour force, compared with 76% of men. $258 The hidden pay gap: when we consider that women out of work earn zero, for every $100 a woman earns today, a man earns $258. On current trends, the pay gap won’t close until 2080 in developed markets, and 2168 in developing markets. 2044 The pay gap could close by 2044, or by 2066 in developing markets, by activating three equalizers. $140 The pay gap: on average, men in paid employment today earn $140 for every $100 a woman in paid employment earns. Global
  5. 5. THREE POWERFUL EQUALIZERS CAN HELP WOMEN ADVANCE AND CLOSE THE PAY GAP Digital Fluency [The extent to which people use digital technologies to connect, learn, work] • Gets nearly 100 million women into work worldwide • Reduces the worldwide pay gap by 21% by 2030 • Adds $1.9 trillion to women’s income worldwide Tech Immersion [The opportunity to acquire greater tech and stronger digital skills] • Helps women secure jobs in higher paid sectors and advance • Reduces the worldwide pay gap by an additional 5% by 2030 • Adds $500 billion to women’s income by 2030 when combined with other equalizers Career Strategy [The need for women to aim high, make informed choices and manage their careers proactively] • Reduces the worldwide pay gap by an additional 9% by 2030 • Adds $1.5 trillion to women’s income worldwide when combined with digital fluency The potential impact is dramatic: Combining these three equalizers would reduce the pay gap by 35% worldwide and add $3.9 trillion to women’s income by 2030 SUMMARY 5 Global
  6. 6. Cumulative 6 For every dollar a man earns a woman earns: developed markets 77 cents developing markets 55 cents globally 60 cents Developing Developed Global Women Men (extra) $ earned by a man for every $100 earned by a woman in 2030 DIGITAL FLUENCY, CAREER STRATEGY AND TECH IMMERSIONA $100 $100 $100 +$105 +$35 +$126 Combining these three equalizers would close the pay gap by 35% worldwide and add $3.9 trillion to women’s income by 2030 Average pay premium of men over women: 105% globally 35% developed markets 126% developing markets %moreearnedbymenthanbywomen 78% year20800 Baseline %moreearnedbymenthanbywomen 182% 21680 year Baseline DEVELOPINGDEVELOPED 2044 Cumulative 2066 Average earnings for a woman in 2030: Developed: $42,032 Developing: $3,103 Global: $10,891 Cumulative impact (% change from baseline) : $3.0 Trillion (+48%) $0.8 Trillion (+40%) $3.9 Trillion (+42%) Age of a girl born today when pay gap closes: Developed27 45 Developing49 67 Global44 62 Age of class of 2020* when pay gap closes: * Those graduating from university in 2020, aged 21 $205 $226 $135 Global
  7. 7. 7 Singapore
  8. 8. THE PAY GAP: SINGAPORE The causes of the gender pay gap as a percentage of the total pay gap: 13% 47%10% 18% 12% Tertiary Education Employment Industry Level Hours Worked Unexplained • Almost half of the pay gap in Singapore is driven by a lack of women in paid employment (47% employment) • A further 18% of the gap can be attributed to women working fewer hours than men • A lack of tertiary education accounts for 13% of the pay gap • One tenth of the pay gap is driven by women working in lower paid positions than men in the workforce (10% level) Key Takeaways Gender Pay Gap in the Singapore: 68% % that men earn more than women in 2015 7 Singapore Verified DK 17Feb17
  9. 9. 9 Developing Developed Singapore Women Men (extra) $ earned by a man for every $100 earned by a woman in 2030 2030 BASELINE: CURRENT TRENDS $100 $100 $100 +$61 +$60 +$164 2030 Baseline: Current trends (No Interventions) This is our baseline i.e. we look at what happens to the hidden pay gap and to women’s pay if the current trend continues without any changes. It’s the baseline against which we measure the impact of our ‘What if...’ scenarios. How much more men are paid than women: 61% Singapore 60% developed markets 164% developing markets * Those graduating from university in 2020, aged 21 Age when Class of 2020* sees pay equality: 73 Singapore 81 developed markets 169 developing markets Average earnings for a woman in 2030: $32,631 $161 $160 $264 %moreearnedbymenthanbywomen 68% 20720 year Baseline Singapore Verified DK 17Feb17
  10. 10. 10 Developing Developed Singapore Women Men (extra) $ earned by a man for every $100 earned by a woman in 2030 DIGITAL FLUENCY + CAREER STRATEGY + TECH IMMERSION $100 $100 $100 +$53 +$35 +$126 Average pay premium of men over women: 53% Singapore 35% developed markets 126% developing markets * Those graduating from university in 2020, aged 21 Age of class of 2020* when pay gap closes: 42 Singapore 45 developed markets 67 developing markets Average earnings for a woman in 2030: $39,040 Cumulative impact (% change from baseline) $15.9 Billion (+26%) Cumulative This scenario combines all three of the factors to show the potential for them to accelerate the closing of the gender pay gap. $153 $135 $226 %moreearnedbymenthanbywomen 68% 20720 year Baseline Digital Fluency 2041 Cumulative Digital Fluency + Tech Immersion Singapore Verified DK 17Feb17
  11. 11. 11 Undergraduates
  12. 12. GETTING TO EQUAL 2017 Global • Women graduating from university in developed markets in 2020 could be the first generation to close the gender pay gap in their professional lifetimes. • Within decades, today's young women could close the pay gap by accumulating digital skills and taking advantage of support from employers, academia and governments. • With these changes, the pay gap in developed markets could close by 2044, shortening the time to pay parity by 36 years. In developing markets, changes could cut more than 100 years off the time to reach pay parity, achieving it by 2066 instead of 2168. • Women need to apply three accelerators, combined with support from business, government and academia, to help them close the gender pay gap: digital fluency, career strategy and technology immersion to advance as quickly as men at work. • Women are usually responsible for unpaid work such as child care and housekeeping. This “hidden pay gap” increases the economic inequities between men and women: for every $100 a woman earns, a man earns $258.
  13. 13. UNDERGRADUATES: WOMEN FALLING BEHIND EARLY ON Female undergraduates benefit from digital in similar ways to women advancing in the workplace: • Studying: 57% of women found digital makes it easier to study with fellow students (51% for males) • Access to Jobs: 55% of women indicated better access to job opportunities (51% for males) • Balancing School and Life: 56% of women said digital makes balancing personal and educational life easier vs 52% of men • Working from Home: 54% of women have used digital to work form home (48% for males) Graduating with less digital experience and lower career aspirations (e.g. 51% of male undergrads aspire to be in a leadership position vs 41% of females) may impact women’s pay and advancement. But male undergrads men are more likely to make choices that will further their careers: • New Digital Skills: 53% of male undergrads are continuously learning new skills, vs 44% of females • Adopting New Technology: 63% of male undergrads adopt new tech fast, vs. 45% of female undergraduates • Coding and Computing: 83% of undergraduate men have taken a computing or coding module vs. 68% of women undergraduates • Career choice: Undergraduate males are nearly two times more likely to choose an area where they believe they will make the most money Young women are failing to seize the opportunity to advance quickly offered by digital, despite spending more time online than their male peers Global
  14. 14. MALE UNDERGRADS ARE MORE ACTIVELY MANAGING THEIR FUTURE CAREERS Male Female Associate a successful leader with being female 23% 21% Believe 'glass ceiling' is a myth 59% 28% Believe men are generally paid more for the same role 39% 42% Believe it’s possible to have a successful career and a fulfilling personal life 31% 45% Aspire to be in a leadership position 56% 45% Have a mentor 70% 46% Willing to allow work and personal life to ‘blur’ 56% 39% Considered the availability of jobs before deciding on field of study 70% 73% Money is a factor in deciding field of study 47% 36% Want to work for a Digital / IT / Technology company 38% 24% Adopt new technologies fast 77% 44% Have taken a computing /coding module 84% 71% Continuously learning new digital skills 52% 37% Have upskilled in digital technologies 35% 24% Digital Capability Gender assumptions Career Aspirations Data verified by RLN: 6 Jan Singapore
  15. 15. • The gender pay gap is an economic and competitive imperative, and closing it requires collaboration from business, government and academia. At the same time, women must embrace lifelong learning, taking full advantage of digital and tech opportunities at their universities and work. • Business leaders must understand the dynamics that are attracting non-working women back into the workforce – it’s an economic imperative ‒ These working environments — with an emphasis on flexible working empowered by digital, mentorship programs, lifelong learning and training, and transparency and benchmarking around salaries — are remarkably consistent across industries • Colleges and universities must raise awareness with women undergrads about the impact of course choices on future pay and advancement. • In developed markets, governments can encourage educators to make their STEM subjects more appealing and accessible to young women, at every grade level • Additionally, governments can do more to provide high-speed internet access ‒ Getting this service to as many communities as possible — especially in developing markets — will do more to get women working than any single action THE ROLE OF WOMEN, BUSINESS, GOVERNMENT AND ACADEMIA CONCLUSION 15

×