Report: female graduates expect lower salaries than men
Welcome to the bi-weekly update (#160) where we dive deeper into key topics, themes or issues specific to women and their lived experience.
According to a new report in the US, Gen Z women may still be influenced by the gender pay gap as they expect to be paid less than men.
Here is a summary of the data:
Gen Z women are underselling themselves. Women respondents expected $6,200 less in pay than men.
Gen Z respondents said they felt a high starting salary is about $82,000, on average.
The choice of university degrees also impacts pay expectations. And engineering graduates, who are mostly men, expect the highest salaries among their peers.
Gen Zers are seeking stability, benefits and a high starting salary are most important to them.
Despite the new transparency laws in the US, which means that companies have to share the salary range on job listings, Gen Z women’s salary expectations continue to perpetuate the wage gap.
However, based on research we know that women, regardless of their age, experience pushback when asking for a higher salary. There is also often a ‘social penalty’ associated with women asking for more money.
As the workplace continues to evolve, companies should proactively seek to eradicate gender bias in remuneration.
The Purse Ltd. Copyright 2023 & All Rights Reserved.
The Purse provides content for informational purposes only, we do not recommend products or services or provide investment advice. Please do your own research or speak to a financial adviser.