The Gender Pay Gap in Europe & the uK in 2023

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The gender pay gap has been a persistent issue worldwide, and Europe & the UK is no exception. Despite the progress made in recent years, the gender pay gap remains a significant problem in many countries.

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Alongside 50inTech we released some new data that tells us what's actually going on with the gender pay gap and what we can do to finally close it.

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What's in the report? 

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#1 State of the gender pay gap

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Using over 75,000 data points collected in February 2023, Figures shares the newest data on the gender pay gap.

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Key findings

• The average unadjusted pay gap across tech companies in Europe is 19%
• The average adjusted pay gap is 1.6%, with one third of jobs having a gap
  of more than 2% of men.
• Of the countries reviewed, the UK is the worst offender (with gaps of 26%
  and 2.2%)

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#2 What women in tech are asking for

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To learn more about what can be done to reduce the gender pay gap in the European (including UK) tech industry, 50inTech decided to speak to the women involved. Creating a survey with over 420 participants, they reveal some major trends that companies can no longer afford to ignore.

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Key findings

• Over 60% of women at European tech start-ups don’t know their value
  (this figure rises to 92% of German women in tech)
• Nearly one-third of women in mid-level roles feel they are being
  underpaid by at least 20%
• 7% of women in tech will not apply for a role if the salary is not listed on
  the job description
• 83% of women in tech want salary details in the job description

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#3 Best practices to end the gender pay gap

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After exploring the most recent data on the gender pay gap, the report turns into a guide for readers to understand how to best take action.

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The report provides three general recommendations for addressing the gender pay gap in the tech industry:

• Measure your company’s gender pay gap
• Take action to increase pay transparency
• Improve recruitment and remove wider obstacles to progression

Within each recommendation, there are actions and case studies to take inspiration from.

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Covered in the report are case studies from real companies and their best practices:

• Preligens: investing in people and tools
• Arkhn: making career paths accessible
• Meilisearch: transparency from the top
• Inato: ensuring consistent communication with care