The Gender Pay Gap in Europe & the uK in 2023
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.
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.
What's in the report?
#1 State of the gender pay gap
Using over 75,000 data points collected in February 2023, Figures shares the newest data on the gender pay gap.
- 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%
#2 What women in tech are asking for
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.
- 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
#3 Best practices to end the gender pay gap
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.
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.
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