The Stepstone Group
Stepstone analysis: Women already face (salary) disadvantages entering their first job
Press release Stepstone analysis: Women already face (salary) disadvantages entering their first job
Düsseldorf, 01.03.2024. Even with the same education and previous experience, women in Germany begin their careers at a significant salary disadvantage. According to an analysis of the Stepstone Salary Report, men earn a gross median salary of 40,250 euros in their first three years in a full-time job, while women only achieve 37,500 euros. The adjusted gender pay gap – i.e. the pay gap after structural differences have been factored out – is 4.8 percent in the early career phase (unadjusted 6.9 percent).
On the occasion of Equal Pay Day 2024 on March 6th the Stepstone Salary Report 2024 highlights the gender pay gap. The pay gap between male and female employees continues to widen – and the salary differences continue to increase with growing professional experience. The gender pay gap for full-time employees is 12.4 percent. Adjusted, the gender pay gap stands at 5.5 percent.
“It is an unacceptable situation that we still have gender pay gaps in the 21st century. We are therefore committed to salary transparency in job advertisements in order to make the job market fairer and close the gender pay gap,” says Dr. Tobias Zimmermann, labor market expert at The Stepstone Group. The Stepstone Salary Planner, for example, provides guidance on your own market value with precise salary forecasts.
Salary negotiation: women equally successful as men
“In times of labor shortages, we need maximally efficient recruiting processes. Jobs are now open for almost three times as long as they were in the early 2010s. Transparent salaries and salary ranges make people capable of making decisions at the start of their careers and thus ensure application processes that don’t fail due to salary. This benefits both candidates and employers,” says Tobias Zimmermann.
Adjusted gender pay gap in entry-level positions: up to 7.9 percent pay gap depending on occupational group Regardless of professional experience, the pay gap is highest in the wholesale and retail (10.1 percent), trades (9.4 percent) and sales and distribution (7.9 percent) occupational groups, while it is lowest in the HR (1.2 percent), logistics (3.9 percent) and marketing & PR (4.1 percent) occupational groups.
Gender Pay Gap
However, many of the differences between men’s and women’s salary are due to other factors (such as age, sector, occupational group, education, professional experience, company size, federal state and city, and staff responsibility). Once these factors are taken into account, we get the adjusted gender pay gap. This can be understood as the salary difference between two people who are identical in every respect apart from gender.
About the Stepstone salary planner In addition to the annual Stepstone Salary Report, the online job site Stepstone offers other salary related services. These include the Stepstone Salary Planner, for which job experts and market researchers have developed an algorithm that provides a very accurate forecast of personal salary levels based on the most important salary drivers (e.g. industry, job, experience). More information: www.stepstone.de/gehaltsplaner
About the Stepstone Salary Report 2024 The Stepstone Salary Report 2024 is drawn from one of the largest salary databases in Germany with salary information by location and region, occupational group, industry, professional experience and much more. The Salary Report 2024 is representative of the working population at national and state level according to the criteria of age, gender, university degree and economic sector. The salary figures are not directly comparable with those from previous years. This results from changes in the evaluation methodology and the composition of the sample.
About the Stepstone survey on salaries and salary transparency 2023/2024
About The Stepstone Group Contact for press inquiries: The Stepstone Group Media Relations End of Media Release Issuer: The Stepstone Group Key word(s): Services
01.03.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS News – a service of EQS Group AG. |
Language: | English |
Company: | The Stepstone Group |
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Internet: | https://www.thestepstonegroup.com/de/ |
EQS News ID: | 1848641 |
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