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Pay Equity Problem Persists in Canadian Workplaces
Pay Equity Problem Persists in Canadian Workplaces Canada NewsWire TORONTO, Marc...
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[{"type":"text","content":"\n\n\n\nPay Equity Problem Persists in Canadian Workplaces\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 19, 2019\n\n\n\nNew research reveals substantial compensation gap between men and women in salary and bonuses; one-in-four working women believe pay equity still not a priority in their organization\n TORONTO, March 19, 2019 /CNW/ - Compensation for working Canadians still favours men, according to a new study by Leger Research commissioned by ADP Canada. Based on self-reported figures, men say they earn an average of $66,504 per year – 25.5% more than the reported average of $49,721 for women. This gap widens as it relates to additional compensation like bonuses and profit sharing, where men report annual earnings averaging $5,823 and women report an average of $3,912 – a 32.8% difference. \n\n \n \n\n\n\n\n\n\n\n \nThe workforce also appears to be divided when it comes to the perception of their employer's practices around pay equity. Nearly 80% of men believe that men and women are compensated equally within their workplace, while less than two-thirds of women (62%) believe the same. \nAlthough a gap – actual and perceived – persists, the Canadian workforce continues to apply pressure within their organizations to achieve parity, with nearly half of all workers (45%) saying they would leave their current employer if they found out that a colleague of equal standing received preferential compensation based on gender. \n\"It's alarming to see that in 2019 there remains an impactful difference in compensation for Canadian men and women,\" says Sooky Lee, General Manager, Human Resource Outsourcing, ADP Canada. \"With women comprising nearly half of today's workforce and thriving in roles and responsibilities that match their male peers, organizations – and executive teams – that do not make pay equity a corporate priority risk losing the ability to attract top talent.\" \nWith only 63% of executives indicating they believe men and women are equally compe...