Women worrying about day-to-day living costs


This 749-word blog post covers gender pay gap reporting and new research from Close Brothers which found that women are twice as likely to worry about meeting their day-to-day living expenses as men. Includes commentary from Jeanette Makings, Head of Financial Education at Close Brothers, and Professor Sir Cary Cooper, a leading expert in workplace wellbeing, ALLIANCE Manchester Business School, University of Manchester. Written on 4th April 2019.

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Article preview: The gender pay gap is making the headlines again this week, with larger firms across the UK facing a deadline to publish their figures. Companies, charities and public sector departments of 250 employees or more are required to publish gender pay gap figures. The first deadline for publication was a snapshot in April 2017, with this data updated in April 2018. Of those firms that have published their reporting to date in 2019, the median pay gap is 10%, up from 9.7% last year. While it’s illegal in the UK to pay women less than men for doing the same work, the median pay gap helps to understand those women working in senior roles within larger companies. Employers who don’t report on time face enforcement action from the Equality and Human Rights Commission.