It’s no secret that a serious wage gap exists between men and women. In 2015, data from the Institute for Women’s Policy Research revealed that women made 79 cents for each dollar that men earned. Convene’ s 2016 Salary Survey highlights a similar imbalance in the meetings industry; male meeting professionals earned an annual average of more than $100,000 while their female peers earned just above $77,000. Can we expect to see women’s wages increase at a pace that will help to close this discriminatory disparity? According to new research conducted by the University of Wisconsin in conjunction with the University of Warwick and the University of London, the answer does not look promising.
The research relied on a sample of 4,600 workers who worked for more than 800 employers, using data collected in the Australian Workplace Relations Survey. Australia is the only country in the world that collects information on whether employees have asked for a raise, but it seems feasible to apply the findings to similar developed countries as well. The result: when like-for-like men and women asked for salary increases, men were successful 20 percent of the time. Women, on the other hand, only saw a success rate of 16 percent.
“We didn’t know how the numbers would come out,” Andrew Oswald, Professor of Economics and Behavioural Science at the University of Warwick and co-author of the study, said. “Having seen these findings, I think we have to accept that there is some element of pure discrimination against women.”
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While the data shows that the world has work to do to close the gender gap, the research did produce a positive sign for the future of equal pay. “This study potentially has an upside,” Amanda Goodall, Cass Business School, City, University of London and co-author, said. “Young women today are negotiating their pay and conditions more successfully than older females, and perhaps that will continue as they become more senior.”
Are you aiming to ask for an increase in your pay? Click here to check out the full results of the Convene Salary Survey to see how your compensation stacks up against the rest of the industry. And before you go to your boss with your request, read “The Most Valuable Trait You Should Have In Your Negotiation” to help prepare for the conversation.